Kuala lumpur: Malaysia's economic growth outlook continues to be supported by solid fundamentals. Our economy is highly diversified and our domestic demand is resilient, said Bank Negara Malaysia (BNM) Governor Datuk Seri Abdul Rasheed Ghaffour.

According to BERNAMA News Agency, in an exclusive interview, Abdul Rasheed highlighted that Malaysia's economy and trade structures are diversified, as they are not overly dependent on any particular sector, industry, or product segment. He emphasized that even the export market is diversified, with no single country accounting for more than 15 percent of Malaysia's exports, showcasing the breadth of Malaysia's trade partnerships.

Abdul Rasheed noted that Malaysia's growth exceeded expectations last year, driven by key growth engines such as consumption, investment, exports, and tourism. On the fiscal front, he praised the government's policy credibility, particularly in its subsidy rationalization measures involving fuel, electricity, water, and diesel.

He stated that the government has communicated its commitment to advancing its economic reform agenda without hindering growth. Abdul Rasheed pointed out that fiscal reforms have been adhered to, allowing fiscal savings to be redirected to the rakyat in a targeted manner.

He further added that long-term national frameworks such as the National Energy Transition Roadmap (NETR), New Industrial Master Plan (NIMP), and National Semiconductor Strategy (NSS) provide clear policy directions for investors. These factors collectively contribute to making Malaysia an attractive destination for global investors, thereby offering greater support to the ringgit.