
Malaysia’s Economy on Solid Track with Strong Growth and Reforms, Says PM Anwar
PETALING JAYA — Prime Minister Datuk Seri Anwar Ibrahim announced that Malaysia’s economy is now on a solid and promising trajectory following major structural reforms under the Madani Economy Framework: Empowering the People.
He said the government’s conscious efforts to correct structural imbalances and implement good governance have laid a strong foundation for sustainable growth.
“The economy is not only performing well domestically but has also received international recognition,” Anwar said during a special Announcement of Appreciation for Malaysians today.
Malaysia’s gross domestic product (GDP) grew by 4.4% in the first quarter of 2025, and is projected to reach 4.5% in the second quarter, based on early estimates.
“Globally, Malaysia’s progress has been acknowledged. We climbed 11 spots to rank 23rd in the 2025 World Competitiveness Index.
“Last year, the country recorded its highest-ever approved investments at RM384 billion, a 17% increase from 2023 — and this momentum is expected to continue into 2025.”
Anwar also highlighted the strengthening of the Malaysian Ringgit, which reflects growing investor confidence.
“As of mid-2025, the ringgit has appreciated by over 5% against the US dollar, currently standing at RM4.23. This performance places the ringgit among the top five performing currencies in Asia this year.”
Despite these encouraging indicators, Anwar stressed that economic progress must translate into real improvements in the people’s lives, especially with the ongoing challenge of rising living costs.
He said the strong economic performance has enabled the government to implement various initiatives to uplift the people’s standard of living.
Among the key improvements:
The labour market continues to show positive trends, with the unemployment rate falling from 3.9% in 2022 to 3.0% as of May 2025 — the lowest level in over a decade.
Over 250,000 new jobs were created in 2023 and 2024.
The minimum wage was raised from RM1,500 to RM1,700, effective 1 February 2025.
Government-linked investment companies (GLICs) and government-linked companies (GLCs) are ensuring that 153,000 workers receive a living wage of at least RM3,100 per month.
In addition, Anwar said the government is boosting the healthcare system by increasing the number of medical personnel.
“The Ministry of Health will expedite the recruitment of over 4,000 medical positions across health facilities nationwide by the end of 2025 to ensure quality healthcare for all,” he said.