Structural Reforms Vital To Fortify Against Future Shocks: BNM Governor

Bank Negara Malaysia Governor Tan Sri Nor Shamsiah Mohd Yunus emphasised the importance of structural reforms needed to secure the country’s future. In her opening address at the BNM Sasana Symposium, the governor said we have to rebuild the buffer we had drawn during the recent difficult period in order to streghten our resilience to future shocks. .

“To secure our future, the country must stay the course in implementing vital reforms. We must fortify our defences against crises. We must critically examine our priorities to increase our growth potential and meet sustainable goals. We must rebuild the buffers we have drawn down on to strengthen our resilience to future shocks. And we must enhance our capacity to adapt and change in order to manage risks and exploit opportunities that we may not yet see today. For many of the challenges Malaysia faces, the solutions require a whole-of-nation approach. Hence the theme of this Symposium – Structural Reforms for a Stronger Malaysia,” she said.

A key highlight at SS2023 is the showcasing of Malaysia’s cross-border QR payment linkages with Indonesia, Singapore, and Thailand. SS2023 features an exhibition with food vendors from Malaysia, Indonesia, Singapore, and Thailand. Event participants can experience making live cross-border QR payments by purchasing local delectables from food vendors from the participating countries.

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