GDP growth provides many direct benefits for the people

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The story "GDP growth provides many direct benefits for the people" was covered 1 days ago by The Star, a news publisher based in Malaysia.

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The Star 1d ago

GDP growth provides many direct benefits for the people - The Star

Quick Summary:

KUALA LUMPUR: Malaysia's gross domestic product (GDP) growth, which reached 5.1 per cent in 2024, has provided direct benefits for the people, including higher wages, quality job opportunities, better social assistance and protection, as well as growth in business and trade, the Dewan Rakyat was told today.

Amir Hamzah said the country has also seen encouraging momentum in terms of foreign direct investment (FDI) commitments from various sectors and countries.

"The increase in private investment, especially in high-tech sectors such as semiconductors, digital, and renewable energy, shows investor confidence in Malaysia’s economic prospects and leads to high-paying jobs for the people,” he said.