Munir Majid says govt’s openness a plus to economy


The open approach policy adopted by the Pakatan Harapan government is a plus to the economy, said CIMB Asean Research Institute chairman Tan Sri Dr Mohd Munir Abdul Majid (picture).

He said if the government could enumerate the impact of its transparent policy, it would provide a feel good factor to the country’s economy.

“Now, our government is talking about having open tenders and reducing corruption dramatically, but no numbers came out from this, as this (open approach policy) will create an impact,” he told reporters after chairing a briefing on the Asean Solutions for Investment, Services and Trade platform in Kuala Lumpur yesterday.

He also concurred with remarks made by Deputy International Trade and Industry Minister Dr Ong Kian Ming on Monday that Malaysia would not enter into a recession.

Everybody in Malaysia, said Mohd Munir, should be objective about the economy and treat certain things as a challenge.

“Sometimes, we forget about the real economy. For the real economy to take place, it takes time to have an impact and the fact is that foreign economic investments is still strong, but how do we make it stronger,” he said.

As Asean faces mounting domestic and external challenges, he urged that efforts on its economic integration be expedited to compensate impacts from US trade protectionism policy and the US-China tariff war. — Bernama