Anwar Must Repair the Malaysian Economy

X Politikus Bawang. Dated 19 December 2022.

ANWAR IBRAHIM (Dato' Sri) must repair the Malaysian economy. The Malayasian citizens have gone through many rounds of turmoil driven by political instability since 2018 as fuelled by the demographic sentiments such as race and religion, scandals like the 1MDB debacle; and of course, the not so encouraging socio-economy. Ideologies aside, the Malaysian people has spoken. Despite the clear Malay tsunami, they are giving a chance to Anwar's Pakatan Harapan Government (with the inclusion of Barisan National) to lead Malaysia out of the current state of inadequacies. Anwar must show economic progress; or else, the Malay tsunami will get bigger in the next General Election five years from now and it may lead to another political instability whilst Malaysia struggle to re-emerge as the Asian Tiger like it used to be many years ago.

On day 1 of Anwar's administration, that is 24 November 2022, the below was the Malaysian state of affairs economically:

1. Ringgit Foreign Exchange (Forex) Strength: 1USD = RM4.495 (24 November 2022)

2. Consumer Price Index (CPI): 4.5% (Q3, 2022)

3. Gross Domestic Product (GDP) Growth: 6.4% Annual Estimate for 2022 (Q3, 2022)

4. Current Account Balance: Surplus RM14.1 billion (Q3, 2022)

5. Foreign Direct Investment (FDI): RM12.3 billion (Q3, 2022)

6. Unemployment: 3.7% (Q3, 2022)

7. Gross External Debt: RM1.169 trillion (Q3, 2022)

8. Debt to GDP: 63.3% (Q3, 2022)

9. Foreign Currency (Forex) Reserves: USD100 billion (Q3, 2022)

10. FTSE Bursa Malaysia (FBM KLCI) bourse activity index: 1,501.88 (24 November 2022)

What does this set of economic indicators mean? Political Analysts and Economic Analysts must exercise their societal duties by providing their opinions on the Malaysian current state of affairs and ask questions such as: Where does Anwar's administration focus should be? How Government policies should be crafted? and most importantly, How does all these affect the lives of Malaysians. When an objective observation that is race or religion agnostic is made, economic indicators shall prevail as the more meaningful assessment for a worthy Prime Minister, or not.

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