Govt urged to accelerate economic recovery through business, investment-friendly policies

KUALA LUMPUR (Sept 13): Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah has called upon the government to accelerate the nation's economic recovery by drafting business and investment-friendly policies to boost the nation’s competitiveness.

He said the right amount of expenditure should also be provided to fund public health measures, provide assistance to the affected groups, as well as support to boost business activities in line with the opening up of the economy.

Al-Sultan Abdullah said to enable additional expenditure for these purposes, the government will table a proposal in the Dewan Rakyat to increase the spending ceiling of the Covid-19 Fund, as well as the statutory limit of the government debt.

"It is also important to enhance the country's competitiveness by focusing on improving the ecosystem and business environment to explore new wealth creation and value-adding efforts, especially by micro, small and medium enterprises (MSMEs)," His Majesty said in a Royal Decree in conjunction with the opening ceremony of the Fourth Parliamentary Session here today.

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