Malaysia

Economic diversification efforts bear fruit, says Finance Minister II

Strong third-quarter projections highlight resilience across key sectors amid global uncertainty

Updated 9 months ago · Published on 10 Nov 2025 2:30PM

Economic diversification efforts bear fruit, says Finance Minister II
All economic sectors appeared vibrant in the third quarter, Amir says, citing preliminary projections by the Department of Statistics Malaysia (DOSM) - November 10, 2025

THE Government’s push to diversify its economy has proven effective, reflected in the robust performance of competitive sectors projected for the third quarter of this year, said Finance Minister II and Acting Economy Minister Datuk Seri Amir Hamzah Azizan.

He said all economic sectors appeared vibrant in the third quarter, citing preliminary projections by the Department of Statistics Malaysia (DOSM) showing overall gross domestic product (GDP) growth of 5.2 per cent.

The minister noted that the early forecast signalled strong, competitive growth despite a challenging global economic environment, with the construction sector expected to expand by 11 per cent, private consumption by over five per cent and mining by more than 10 per cent.

“Our nation continues to demonstrate economic resilience when we look at the diversity of our economic segments,” he said. “In terms of markets too, there is diversity, and we are not dependent on just one market.”

He was speaking at the launch of the third season of the Innovathon Programme organised by the Ministry of Economy today. - November 10, 2025

Spotlight

Malaysia

Sarawak schools told to halt outdoor activities as haze pushes air quality into unhealthy range

World

Indonesia haze forces schools to close as wildfires intensify amid severe dry season

Malaysia

PN walkout over Tabung Haji debate a political misstep, says analyst

By Alfian Z.M. Tahir

Malaysia

51 witnesses to testify at inquest into death of 10-year-old boy found unconscious in school toilet

Malaysia

Female student arrested for allegedly hurting classmate with kerambit at school

World

Colombia quake death toll hits 111 as rescue teams race to find survivors

World

Trump secretly switched to third aircraft in Türkiye over Iran assassination threat

Malaysia

Anwar questions PN’s priorities after Tabung Haji RCI walkout

Malaysia

MACC, police probing TH after RCI findings as govt warns no one will be spared

By Alfian Z.M. Tahir

You may be interested

Malaysia

Rosmah granted conditional stay on RM67.5m jewellery payment

Malaysia

BN Melaka ready to discuss cooperation ahead of state polls

By Alfian Z.M. Tahir

Malaysia

Middle-aged takeover drives Malaysia's cashless revolution as e-wallets shed youth tag

Malaysia

51 witnesses to testify at inquest into death of 10-year-old boy found unconscious in school toilet

Malaysia

PN walkout over Tabung Haji debate a political misstep, says analyst

By Alfian Z.M. Tahir

Malaysia

Guan Eng questions Penang PH's stance on UMNO

Malaysia

Opposition MPs leave Dewan Rakyat, do not take part in RCI TH Minister's briefing

Malaysia

Anwar undergoes successful laparoscopic surgery for abdominal hernia