Bank Negara governor says Malaysia needs financial reforms for future growth | The Malaysian Insight

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Bank Negara governor says Malaysia needs financial reforms for future growth

Bank Negara Malaysia governor Nor Shamsiah Mohd Yunus says it is critical to enhance the productivity of small and medium enterprises, the contribution of which to GDP lags behind other countries, like Indonesia, China, Japan, the UK and Thailand. – The Malaysian Insight file pic, July 26, 2019.

MALAYSIA needs to urgently embark on a structural reform to rebuild the country’s strengths and prepare for the future, said Bank Negara Malaysia governor Nor Shamsiah Mohd Yunus. She said the reform should begin with addressing the country immediate economic vulnerabilities and complemented by efforts to raise longer-term growth potentials.

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