KUALA LUMPUR: The novel coronavirus outbreak has not shown to have any implications on Malaysia’s economy so far but it would affect the nation’s growth if the outbreak continues to spread, said Economic Affairs Minister Datuk Seri Mohamed Azmin Ali.
He also said there is no necessity yet for Malaysia to temporarily stop the import of products from China, particularly Wuhan, and the government has taken various proactive measures to contain the outbreak and monitor it closely.
“As what happened with the other outbreaks previously, if (the contagion) continues, it would definitely have an impact on the nation’s economy.
“However, I do not want to make any speculation because this is a serious matter that needs to be monitored by the related agencies and ministry. We will take the information and advice from them on the next move we should take,” he added.
Mohamed Azmin was speaking to reporters after witnessing the signing of a strategic cooperation agreement between Petronas and Agrobank here today.
Malaysia has reported four cases of coronavirus after the outbreak spread from Wuhan, China.
On the performance of the ringgit and stock market which are weaker compared with regional markets, Mohamed Azmin said Malaysia’s economic fundamentals are still strong and investors are confident of selecting the country as a strategic investment destination.
He said the government had implemented various initiatives to restore investors’ confidence by making Malaysia the gateway to Asean.
“Statistics (show) that investors’ confidence has returned to Malaysia and the recent announcement of Transparency International’s Corruption Perception Index would definitely help in restoring investor’s confidence.
“Our fundamentals remain strong and now investor’s confidence is back, that’s why we feel 2020 will be a better year for Malaysia in terms of economic growth,” he added. – Jan 27, 2020, Bernama
