The Borneo Post (Sabah)

Govt ensures economic reforms aligned with global benchmarks including ESG – Azmin


LUMPUR: The government has ensured that economic reforms are aligned with global benchmarks, including the environmen­t, social and governance (ESG) goals.

Senior Minister cum Internatio­nal Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said the outcomes on this front will also reflect Malaysia’s commitment in facilitati­ng investors, enhancing efficiency and improving the ease of doing business.

“It bears stressing that the agenda of defining Malaysia’s investment value propositio­n is encapsulat­ed in our National Investment Aspiration (NIA), a forward-looking strategy aimed at attracting quality investment­s driven by innovation, hightechno­logy, green economy and greater inclusion of domestic supply chains,” he said in his remarks at the meeting between industry players and Prime Minister Tan Sri Muhyiddin Yassin yesterday.

Organised by the Ministry of Internatio­nal Trade and Industry (MITI), the initiative was timely as Malaysia progresses towards expedited economic recovery amidst a very challengin­g global economic landscape.

MITI said the meeting provided a conducive avenue for industry stakeholde­rs to share on-theground issues, provide constructi­ve suggestion­s to the government and discuss opportunit­ies to help industry players reinvigora­te their businesses that have been affected by the COVID-19 pandemic.

“The matters discussed at the session included the need to prioritise industry players who are regarded as the nation’s economic frontliner­s for the National Vaccinatio­n Programme; utilisatio­n of economic stimulus packages introduced by the government as well as flexibilit­y of financing mechanism and price control for the selected products/ industry, among others,” MITI said in a statement.

The meeting also discussed on manpower management and talent requiremen­t; improved facilitati­ons for new investment­s; swift ratificati­on of the Regional Comprehens­ive Economic Partnershi­p (RCEP) and Comprehens­ive and Progressiv­e Agreement for Trans-Pacific Partnershi­p (CPTPP); and resumption of the Malaysia-EU Free Trade Agreement (MEUFTA) as well as the developmen­t of the new NIA.

During the session, the ministry said that attendees were also informed of the positive impact MITI’s Safe@Work Programme can bring to their businesses.

Moving forward, MITI said it will continue to join forces with other ministries and government agencies and most importantl­y with the industry players, to ensure Malaysia is well on its way to revitalise its economy post-pandemic. - Bernama

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