Nga Kor Ming: MALAYSIA EMERGES AS A BRIGHT SPOT IN ASEANNga Kor Ming:

KUALA LUMPUR (Aug 23): Minister of Housing and Local Government
Nga Kor Ming reaffirms that Malaysia is now emerging as a rising star in
Southeast Asia, with investors increasingly drawn to the country thanks
to the Madani government’s business-friendly policies, improving
economic growth, political stability, and strengthening currency.

Citing a news article published by Reuters, Nga highlighted that the
Ringgit has outperformed its regional counterparts to become the
best-performing Asian currency thus far this year by appreciating over
5% year-to-date.

Meanwhile, the stock market has demonstrated strong momentum, with
the FBM KLCI climbing more than 12% year-to-date.

Malaysia’s economic growth has also exceeded expectations, expanding
by 4.2% in the first quarter and 5.9% in the second quarter, fuelled by
robust private spending, foreign investment influx and strong export
performance.

“Malaysia is now back on the right track,” Nga said.

“Under the leadership of Prime Minister Datuk Seri Anwar Ibrahim, the
country has made significant strides in economic improvement. This
progress has created a positive sentiment among investors and attracted
more foreign investment into the country,” he remarked.

According to the Central Bank, foreigners have invested 1.75 billion US
dollars into Malaysian debt markets in July and now hold around 20% of
outstanding Malaysian bonds.

“As we commemorate National Day, let us reaffirm our commitment to
unity in diversity and reject all forms of extremism.

“By fostering an inclusive environment, we will not only attract investment
but also propel our nation’s economic growth and uplift the well-being of
every Malaysian,” Nga added.