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MALAYSIA has strengthened its global economic standing and restored investor confidence under the Madani administration, Housing and Local Government Minister Nga Kor Ming said, citing record trade figures, a firmer ringgit and sweeping institutional reforms.
Speaking at the DAP Ipoh Timor Chinese New Year dinner on 28 February, Nga credited political stability and structural reforms introduced by Prime Minister Datuk Seri Anwar Ibrahim for the country’s renewed economic momentum.
“As a result of political stability and economic reforms, Malaysia has recorded high foreign investments and achieved the highest total trade value in history at RM3.05 trillion,” he said.
Nga added that the ringgit had emerged as one of Asia’s best-performing currencies, strengthening markedly against major counterparts.
“Against the US dollar, the ringgit strengthened from 4.80 to 3.88.
“Against the Japanese yen, the ringgit improved from 27 to 39.5 yen, while against the Indonesian rupiah, it strengthened from 3,000 to 4,300,” he said.
The DAP deputy chairman said the Madani Government remained committed to deepening institutional reforms, including limiting the tenure of the Prime Minister to 10 years and separating the roles of Attorney General and Public Prosecutor to reinforce accountability and integrity within the justice system.
He also pointed to the passage of a constitutional amendment granting equal citizenship rights to children born overseas to Malaysian mothers.
Nga noted that Malaysia’s global competitiveness ranking had risen from 34th to 23rd place in the World Competitiveness Index, describing it as one of the most significant improvements worldwide. “These achievements clearly show that Malaysia is now on a strong footing,” he said, urging Malaysians to sustain the momentum of reform. - March 1, 2026
