MALAYSIA’S economic fundamentals remain robust, underpinned by diversified trade, resilient domestic demand, and targeted fiscal reforms, according to Bank Negara Malaysia Governor Datuk Seri Abdul Rasheed Ghaffour.
In an exclusive interview with Bernama, Abdul Rasheed stressed that Malaysia’s economy is not overly reliant on any single sector or market, with exports spread across multiple countries, none exceeding 15 per cent of total exports.
“Even our export market is diversified. We don't trade with just one country. We trade with many economies. No single country accounts for more than 15 per cent of Malaysia’s exports. That shows how diversified we are,” he said.
He noted that Malaysia’s growth last year surpassed expectations, driven by key engines including consumption, investment, exports, and tourism.
Abdul Rasheed also commended the government for its fiscal discipline and policy credibility, citing successful subsidy rationalisation across fuel, electricity, water, and diesel.
“The government has communicated its resolve to push through with its economic reform agenda.
“The government has promised reform, and has implemented it in a way that does not affect growth. The government has also stuck to its commitment to fiscal reforms. This has allowed fiscal savings to be channelled back to the rakyat in a targeted manner,” he said.
Long-term national strategies, including the National Energy Transition Roadmap, the New Industrial Master Plan, and the National Semiconductor Strategy, were highlighted as providing clear policy direction for investors.
“These positive domestic factors make Malaysia an attractive destination for global investors, thus lending greater support to the ringgit,” Abdul Rasheed added. - January 28, 2026
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