In a recent Facebook post, Communications Minister Fahmi Fadzil took to Facebook to present the latest “Unity Government 7 Month Report Card (Series 2),” showcasing Malaysia’s strides under the Malaysia Madani initiative.
The report highlighted five crucial indicators that depict the country’s enhanced economic standing compared to previous year, 2022.
M’sia’s 7-Month Report Card On Positive Economic Growth Under Madani
1. Inflation rate
In terms of inflation rate, the report revealed a steady decline.
In the third quarter of 2022, it was 3.7%, which increased to 4.2% in the fourth quarter.
And in the first quarter of 2023, it dropped to 3.9%, and in the second quarter, it further decreased to 3.6%.
2. Economic growth
The report also indicated that Malaysia’s economy experienced better growth during the assessed period.
Comparing the first quarter of 2022, which recorded a growth rate of 4.8%, with the first quarter of 2023, where it increased to 5.6%, showcases positive economic expansion under the current initiatives.
3. World Competitiveness Ranking (WCR)
Malaysia’s position in the World Competitiveness Ranking showed a significant advancement.
The World Competitiveness Ranking (WCR) showcased a leap of 5 steps, moving from the 32nd position in 2022 to the 27th position in the latest update.
This rise reflects the nation’s efforts to enhance its attractiveness to businesses and investors.
4. Press Freedom Index
Another notable improvement was seen in the Press Freedom Index (Indeks Kebebasan Akbar), where Malaysia rose an impressive 40 spots.
From being ranked 113th in 2022, it now holds the 73rd position.
This is a positive step towards transparency and media freedom.
5. Foreign investment
Malaysia has seen a boost in foreign investment.
According to the report, Malaysia has experienced a notable increase in investment during the first quarter of 2023, totaling RM71.4 billion, compared to RM44.7 billion in the same quarter of the previous year.
Netizens react to the report
Despite the promising news, some netizens raised valid questions and concerns about the report.
Some netizens expressed curiosity and concern over the decline in the value of the Ringgit (RM), the Malaysian currency.
One netizen questioned why the value of RM was down, while another inquired about a year-on-year comparison of the Ringgit’s value.
While the 7-month report card presented by Communications Minister Fahmi Fadzil highlights positive economic growth under the Malaysia Madani initiative, some argues that such data might not reflect the ground realities faced by ordinary Malaysians.
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