Expedite Economy Recovery: King urges

The government must wisely expedite economic recovery through the enactment of business and investment-friendly policies, says the Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah during his speech when officiating the opening of the First Meeting of the Fourth Term of the 14th Parliament today.

King says he is optimistic that the economy will show signs of recovery and this and this would provide much-needed confidence to stakeholders and investors.

“Therefore, the government must wisely expedite economic recovery through the enactment of business and investment-friendly policies to spur the nation’s competitiveness,” he says.

In his message, the Monarch says resolving all the issues immediately will help the country and the people to move on from the current Covid-19 pandemic.

Highlighting the fact that the country’s total trade has soared to RM1 trillion in the first six months of 2021, the Monarch adds that investments in all sectors appeared to have increased by nearly 70 per cent.

“This clearly gives a positive image that Malaysia is a very competitive country, business-friendly and also a strategic location for domestic and international investors.

“As a whole, the implementation of stimulus packages and the reopening of the economy was very well-diversified, showing trends of economic recovery,” he says.

The King praised the government for its assistance to those affected by the pandemic.

He says measures to distribute cash hand-outs had benefited 10 million recipients from the B40 and M40 groups in the second half of 2021.

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