Stimulus packages and reopening of the economic sector have reduced the impact of Covid-19, according to Prime Minister Ismail Sabri

Prime Minister Datuk Seri Ismail Sabri Yaakob arrives for the Keluarga Malaysia dinner in New York on September 24, 2022. – Bernama pic

Sunday, September 25, 2022 1:25 p.m. GMT

NEW YORK, September 25 – Various measures taken by the government to implement stimulus plans and reopen the economic sector in phases have reduced the significant impact of the Covid-19 pandemic crisis and supported the resumption of growth economy, Prime Minister Datuk Seri Ismail said. Sabri Yaakob.

He said the country’s economy continued to strengthen, with gross domestic product (GDP) registering stronger growth of 8.9% in the second quarter of 2022, compared to 5.0% recorded in the first quarter.

Malaysia’s economic growth in the second quarter is the highest in ASEAN and higher than some developed and regional countries, and should be able to reach a target of between 5.3% and 6.3%, taking into account the growth of 6.9% in the first half. , he said.

“There are various indicators of economic improvement, including the number of vehicle sales. For example, (Perodua) Alza received 30,000 reservations when it launched while the waiting period for Proton X50 can be up to six months,” he said at the “Keluarga Malaysia dinner” attended by assisted over 300 Malaysians here.

To help ease the burden on those affected by the rising price of goods, Ismail Sabri said the government has allocated nearly RM80 billion in subsidies.

Ismail Sabri, who is in New York to attend the 77th session of the United Nations General Assembly (UNGA), said when he took over as prime minister last year his priorities were political stability and racial unity.

“Political stability is important to attract foreign investment, this has been achieved through a memorandum of understanding with opposition parties. To build unity between different races in Malaysia, I introduced the Keluarga Malaysia concept,” he said.

He also described Malaysians abroad, including in the United States, as the country’s “little ambassadors” who also have an important role to play in continuing to project a positive image of Malaysia abroad.

“Your contribution is very important and will also help families and communities in Malaysia,” he said.

The Prime Minister said he was confident Keluarga Malaysia’s patriotic spirit in New York remained high despite his time abroad. — Bernama