KUANTAN – The government’s efficiency in governing the country and cooperation among Keluarga Malaysia have allowed the country to come out of various crises including the Covid-19 pandemic and the geopolitical tensions to continue to focus on the recovery of the national economy, said caretaker prime minister Datuk Seri Ismail Sabri Yaakob.
As a result, in addition to emerging as one of the countries in Southeast Asia with the best economic performance after recording a gross domestic product (GDP) of 8.9% in the second quarter of this year, he said Malaysia has also been recognised as the 18th most peaceful country in the world out of 163 countries and second in Asia.
“The government also succeeded in returning the labour market to full employment. The unemployment rate in August 2022, which is 3.7%, is much lower than 4.6% in August 2021,” he said when launching the Pahang edition of Keluarga Malaysia Aspirations Tour here today.
The country’s inflation rate of 4.5% last month is lower than the 4.7% in August and compared to other countries such as Thailand (6.4%) and the Philippines (6.9%) as well as the United States (8.2%), he said.
He added that the East Coast Economic Region Development Council had successfully attracted investment worth RM5.3 billion to Pahang, which would create more than 3,300 new job opportunities in the state this year. – Bernama, October 29, 2022
