Malaysia’s economy set to grow despite US recession fears, says finance minister II

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US Recession Fears News

Malaysia Economy,Amir Hamzah Azizan,Finance Ministry

KUALA LUMPUR, Aug 6 — The Malaysian economy is on the right track despite facing the risk of a recession in the United States (US), said Finance Minister II Datuk Seri Amir...

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Malaysian offers to sell a kidney for RM300,000 on FB to help family reclaim pawned land; exposing practice of open organ sale on social mediaFinance Minister II Datuk Seri Amir Hamzah Azizan delivers a speech at the Retirement Fund Inc’s Inspire 2024 Conference in Kuala Lumpur, August 6, 2024. — Bernama picKUALA LUMPUR, Aug 6 — The Malaysian economy is on the right track despite facing the risk of a recession in the United States , said Finance Minister II Datuk Seri Amir Hamzah Azizan.

“That is why the ringgit has strengthened, not only because the US wants to cut interest rates but also because of the good policies developed by the government.He also described the fall of the global stock markets yesterday following overcorrection as temporary, with Bursa Malaysia’s performance staging a recovery today.

At 12.19pm today, the FTSE Bursa Malaysia KLCI surged 30.85 points to 1,567.33 from 1,536.48 at the close on Monday. — Bernama

 

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