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‘High private-public sector investment ratio not worrying situation’

The high investment ratio between the private and public sectors is not a worrying situation, instead it should be a source of national pride as it reflects investors' confidence in the Malaysian economy, International Trade and Industry Minister Mustapa Mohamed said.

He said the gap was in line with the government's policy to reduce the government’s involvement in the country's economy.

"The private sector plays a big role and the future (of Malaysia) is definitely brighter. Most importantly, we have a public-private partnership which means that the cooperation between the two parties is at a steady level.

"This is the secret of our success," he told reporters after the launch of the National Transformation Programme Annual Report 2017 by Prime Minister Najib Razak, Kuala Lumpur last night.

The report stated that Malaysia achieved RM1.8 trillion in investments from 2011 to 2017 through the implementation of the NTP, exceeding the initial target of RM1.4 trillion.

Commenting on the success, Mustapa said it was the result of a steady and stable government administration system and strong support from the private sector and implementing agencies such as the Performance Management and Delivery Unit and Economic Planning Unit, which were efficient and outstanding.

He said Malaysia's continuous economic success should be sustained in order to realise the country’s aspirations to be among the world's top 20 nations.

- Bernama

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