Politics

World Bank’s projections show Malaysia’s economy on track to perform better

malaysia-economy

Syndicated News
Written by Syndicated News

PEKAN, April 15 2018 : The success of Malaysia in getting positive projections in its Gross Domestic Product (GDP) growth four times within only a year and four months from the World Bank shows that the country’s economy is on track to perform better.

Prime Minister Datuk Seri Najib Razak also described the success as a recognition because Malaysia was the only country globally to gain such projections in that short period.

“As the Barisan Nasional (BN) government under my leadership, we have developed concepts and philosophies of development as well as detailed strategies and planning to bring the country forward to become one of the most successful countries in the world some day.

“I believe the features and signs towards that goal can be see everywhere in the country, including the completion of the Mass Rapid Transit (MRT) earlier than scheduled with cost below the actual amount.

“The implementation of the East Coast Rail LIne (ECRL) will raise the growth rate by 1.5 per cent,” he said when launching the ground ceremony for the upgrading of the Jalan Pesekutuan from Pekan town to Kampung Sungai Miang here today.

The event was also attended by Implementation Coordination Unit (ICU) director-general Tan Sri Ahmad Zaki Ansore Mohd Yusof, Works Ministry secretary-general Datuk Seri Zohari Akob and Pahang Umno deputy chief Datuk Seri Abu Bakar Harun.

He said the BN government helmed by him not only looked at increasing the country’s revenue but was also inclusive in upholding the principle and philosophy of sharing the country’s wealth with the people as a whole.

“If the country’s revenue increases, we will help distribute it to the people, especially to those from the B40 and M40 groups in various forms of government assistance.

“This is a concept that I believe is very appropriate and correct to be upheld..trust that we are the government that always put the people first. We don’t make promises that we cannot fulfill,” he said.

For example, Najib who is also the incumbent for the Pekan parliamentary seat, referred to the distribution of the 1Malaysia People’s Aid (BR1M), which was raised by 100 per cent besides adding the number of beneficiary categories after seeing that the country’s revenue would increase due to rising crude oil prices.

At the event, Najib also announced the implementation of the upgrading work on the Jalan Persekutuan from Pekan town to Kampung Sungai Miang here involving 14.7 kilometres and an allocation of RM338 million.

He added, from the total amount, RM25 million was for land acquisition and the project being carried out by Teras Sari Resources Sdn Bhd was expected to be ready by Feb 28, 2022.

“The work being undertaken has commenced since March 1. The implementation will facilitate outside communications to Pekan town.

“Even though it does not reach Endau (Johor), it can be considered as the starting point from Pekan to the south that can be extended to the next phase according to its capability,” he said.

Based on information from the Works Ministry, the project involved the upgrading of the existing road from one lane to dual lanes along the 1.7 km stretch from Pekan town to the Tanjung Agas junction.

The scope of the project also involved the construction of a four-lane double route for 13 km from the Kampung Tanjung Agas junction to Kampung Sungai Miang and the replacing of three bridges across Sungai Habib Hasan, Sungai Miang and Sungai Air Tawar.

It also entailed the installation of street lights, upgrading of the traffic lights at Kampung Tanjung Agas and in Tanjung Agas Industry junction.

The project intersection is also in line with the proposed Highway Network Development Plan (HNDP) from Pekan, Pahang to Kota Tinggi, Johor at a distance of 240 km besides boosting the socio-economy of the areas concerned. – Bernama

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