Malaysia’s Economy to Grow by 8% in 2021; Government Committed to Supporting Businesses: Finance Minister

Finance Minister, Tengku Zafrul Aziz, has stated that Malaysia’s economy is projected to grow by up to 8% in 2021, making the country an attractive option for firms to invest in and capitalise on.

Speaking at the 2020 Malaysian Economic Summit on the 12th of October 2020, Tengku Zafrul added that the Government of Malaysia remained committed to supporting businesses including small and medium enterprises and mid-tier companies, as well as upgrading the gig economy to mitigate the economic impact of the COVID-19 pandemic. The need for collaboration of businesses, financial institutions, and regional trading partners to ensure this goal was also highlighted.

Tengku Zafrul also...