Citing early economic indicators, the MoF noted that Malaysia achieved strong growth of 5.6% in the first quarter of 2023 and reduced unemployment rate to 3.5%, against a height of 5.2% in May 2020.“This is underpinned by strong investment interest from, among others, Amazon Web Services, Tesla EV, Geely/Proton Automotive City in Tanjung Malim and Ronsheng Petrochemicals in Pengerang.
“The affirmation of credit rating by Fitch and Moody’s in February 2023 and April 2023 respectively, reflect their confidence in the government’s determination to sustain economic growth amid highly challenging global conditions,” it said.
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