Malaysia's Q2 2025 economic growth hits 4.5% under MADANI reforms
He attributed the positive outlook to Prime Minister Datuk Seri Anwar Ibrahim's leadership in revitalising the economy and improving public welfare.
Nga stated, 'Despite increasingly challenging global pressures, steady domestic demand along with growing consumer and investor confidence reflect the effectiveness of the government's approach.'
The Department of Statistics Malaysia's preliminary estimates show an improvement from the 4.4% growth recorded in the previous quarter.
The construction sector is leading the expansion with an expected 11.0% growth, fuelled by non-residential and housing projects.
Meanwhile, the services sector is forecast to grow by 5.3%, up from 5.0%, while manufacturing recorded a 3.8% increase.
Nga credited domestic demand for the strong performance, supported by government initiatives such as the Basic Rahmah Contribution (SARA), Cash Rahmah Contribution (STR), and higher minimum wages.
'These measures have boosted income and purchasing power,' he said.
However, he cautioned that external risks like global trade tensions and tariff wars remain concerns.
'The Madani Government remains committed to ensuring inclusive economic growth and the well-being of all Malaysians,' he added.
Nga also welcomed Bank Negara Malaysia's decision to lower the Overnight Policy Rate (OPR) to 2.75%, calling it a proactive move to support economic activity, particularly in real estate. - Bernama
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Straits Times
2 hours ago
- New Straits Times
NST Leader: Low MyDigital ID sign-ups reflect public trust deficit
ONLY 2.8 million out of a possible 35.8 million Malaysians have registered for the MyDigital ID. This says a lot about their trust, or lack thereof, in digital platforms — particularly after breaches in hospital records and the recent Immigration processing chaos. With much-vaunted secure databases containing sensitive private information having been breached by ransomware hackers previously, it's understandable why the rest of the populace might be clinging to their MyKad as if it were the last vestige of their soul. Malaysian motorists have already surrendered their physical driving licences to MyJPJ, now carrying digital versions in their smartphones. And the Johor customs, immigration and quarantine complex chaos was caused by system integration issues. We shudder to think what a hack could do to the system. This won't help: AI chatbots, or the secretive technology behind these digital assistants, could exploit registered debit cards on pay platforms to "subscribe" without user consent. Add to this the billions bilked from victims of digital banking scams. Against this backdrop, the government is mulling mandatory MyDigital registration to address the limited voluntary sign-ups. MyDigital ID, designed for secure online identity verification, has been integrated into 82 digital systems, including 35 government platforms — with 17 more taking shape and 21 under deliberation. While the government maintains that these platforms do not store personal data, a successful hack remains a chilling prospect. Hackers, empowered by the unimaginable advances in generative AI, are resourceful enough to link breaches into relevant databases. While government digital security programmes are robust, aiming to safeguard national interests and citizen data, the most crucial element remains elusive: public trust. Mandating MyDigital ID, rather than addressing these trust deficits first, risks putting the cart before the horse. Recent breaches and system disruptions have scarred public confidence, making such a move unlikely to foster the very trust needed for widespread adoption. What's needed is a multifaceted approach prioritising enhanced security and unwavering transparency. First, to tackle the public trust deficit, focus on improving user experience and accessibility. This means creating intuitive and easy-to-use applications, reinforced with instant feedback mechanisms. Next, foster a culture of accountability and disclosure. This includes clear standards, methodologies and safeguards to anonymise mobile phone data, alongside strong governance protocols for sensitive information. Paramount are independent audits of data security and privacy practices, alongside vigorous reinforcement of the Personal Data Protection Act and the Cyber Security Act. Finally, raise allocations for cybersecurity measures and open data initiatives against data breaches and cyberattacks. These proposed initiatives can help build a stronger foundation of trust towards greater adoption of digital services.
Rakyat Post
2 hours ago
- Rakyat Post
RM1.99 Gadgets, Freebies & Trips To Japan? Acer Day 2025 FTW!
Subscribe to our FREE In celebration of its 35th anniversary, Acer Malaysia has officially launched Acer Day 2025 — a nationwide tech party running from July 24 to September 30, themed #BreakALimit. The campaign also highlights AI-powered tools and smart devices in Acer's lineup, alongside collaborations with lifestyle and sports brands like Adidas to promote innovation, wellness, and fun. Acer Day 2025 is a celebration of pushing boundaries. We aim to inspire people to step outside their comfort zones and discover new possibilities with the support of our latest solutions. Our collaboration with sports brands also reflects our commitment to pushing the envelope in terms of innovation, while promoting community and the dynamic energy across the region. Acer Inc Pan Asia Pacific Operations President Andrew Hou. Expect a jam-packed Acer-vaganza filled with roadshows, flash sales, carnivals, and even a pickleball tournament, all designed to bring Malaysians together. 17 Cities, One Big Carnival The Acer Day Carnival kicks off in Kota Bharu, Kelantan, on July 24, then hits 17 cities across Malaysia throughout August — including Kota Kinabalu, Miri, Kuching, Bukit Mertajam, and Alor Setar. So be on the lookout for interactive product demos, games, giveaways, and of course, the Acer Day Flash Sale. Flash Deals from RM1.99! Yes, really! To celebrate, Acer's throwing out crazy-limited-time deals during the Acer Day Flash Sale, starting from just RM1.99, including: Acer Wired USB Mouse – RM1.99 (SRP RM30) Aspire Lite 14 Laptop – RM1,199 (SRP RM1,599) Acer Nitro V 15 Gaming Laptop – RM2,299 (SRP RM2,849) Acer Nitro KG270X1 Monitor – RM379 (SRP RM549) AOPEN QF23s LED Projector – RM399 (SRP RM649) Nitro Wireless Gaming Controller – RM79 (SRP RM199) Predator Gaming Chair – RM399 (SRP RM1,299) Acerpure CHEF KF1 Air Fryer – RM299 (SRP RM799) Plus, enjoy up to RM2,000 in savings on selected products, and redeem up to RM200 in Touch 'n Go eWallet credit. Six Words = Trip to Japan? Acer is also launching its 'Six-Word Challenge,' inviting Malaysians to describe their Acer experience in just six words. Prizes include: A pair of tickets to Japan for the VCT (Valorant Champions Tour) Pacific Stage 2 Finals — flights + hotel included Premium bicycles & gym gear RM200 Adidas e-vouchers And more — all from a RM150,000 prize pool Acer Pickleball Tournament to Award RM20,000 Scholarship In line with the campaign's active lifestyle theme, Acer will host its first-ever pickleball tournament for university students on August 3. The winning team will receive RM20,000 in scholarships, part of Acer's effort to promote health, sports, and community among Malaysian youth. Just Dropped: New Tech for Gamers & Neat Freaks Acer's not just throwing a party, they're also dropping fresh gear catering to both hardcore gamers and those who take cleaning really, really seriously. Predator X27U X2 OLED Gaming Monitor – RM1,999 Leading the pack is the Predator X27U X2, a 27-inch OLED monitor with WQHD resolution, 240Hz refresh rate, and a lightning-fast 0.03ms response time. It supports HDMI 2.1 and DisplayPort, making it ideal for both console and PC gamers seeking smooth, sharp visuals. Acer Nitro 50 Gaming Desktop – From RM4,399 If you're looking for a new gaming rig, check out the refreshed Acer Nitro 50, now with Intel Core Ultra processors and NVIDIA GeForce RTX 5060 graphics. There are two versions available: Intel Core Ultra 5 – RM4,399 Intel Core Ultra 7 – RM5,299 Acer Nitro TKL NKW129 Keyboard – RM149 Don't need a full-sized keyboard? The Nitro TKL NKW129 is a tenkeyless (meaning, without the numpad) gaming keyboard with 19-key anti-ghosting and 3-zone LED backlighting. It's compact, clean, and built for fast-paced play. Acerpure CLEAN V2 Vacuum – RM1,299 At just 1.37kg, this cordless vacuum includes: New Pet Mode and Pet Hair Brush 20,000Pa suction power Hair-free tech to avoid tangles One-touch dustbin release and washable HEPA filter Promo price: RM999, plus up to RM150 Touch 'n Go credit (valid until August 6). Acerpure COZY HF1 Fan – RM199 This compact fan features: Up to 13,000 RPM fan speed 100 adjustable speed settings 180° tilt, 6-hour battery life, USB-C charging Promo price: RM159, with up to RM20 eWallet credit. Acer Swift Edge 14 AI – RM7,999 A premium, AI-powered laptop weighing under 1kg with a 3K OLED display and long battery life. Bonus: Purchases from July 23 to August 6 come with gifts and a chance to win prizes. AOpen QF23s Smart Portable Projector – RM649 A compact, travel-friendly projector with built-in speakers. Promo price: RM559 from July 24 to September 30. Acer PM161QT Portable Touch Display – RM499 A 15.6-inch slim Full HD portable touchscreen for productivity on the go. Promo price: RM459, valid July 24 to September 30. Acer EK1 Monitor Series – From RM359 New high-refresh-rate monitors ranging from 23.8-inch to 27-inch, priced between RM359 and RM429. Bonus: Purchases between July 24 and September 9 come with a free wireless optical mouse. Bonus Time: Free Gifts & Another Chance to Win a Trip to Japan From July 23 to August 6, buyers of the Nitro 50 will get a Nitro Wireless Gaming Controller and Touch 'n Go eWallet credit. Buying the Nitro keyboard? You'll get a Nitro Mouse for free. And here's the big one. If you purchase either the Predator X27U X2 or Nitro 50 before September 30, you'll be in the running to win weekly prizes and the grand prize, a trip to Japan for the VCT Pacific Stage 2 Finals. For more information on what's happening throughout Acer Day 2025, visit Acer Malaysia's Share your thoughts with us via TRP's . Get more stories like this to your inbox by signing up for our newsletter.
Borneo Post
5 hours ago
- Borneo Post
RM100 aid welcome, but inaccessible for many in rural Sarawak, say reps
Gerawat says the initiative, credited directly to recipients' MyKad and usable only at authorised supermarkets or mini markets, does not take into account the unique challenges faced by rural communities. MIRI (July 25): While the federal government's latest RM100 cash aid under the Sumbangan Asas Rahmah (Sara) initiative has been lauded as a timely relief for many Malaysians, elected representatives from rural Sarawak have raised concerns that the current rollout mechanism risks leaving out communities in the interior. Mulu assemblyman Datuk Gerawat Gala said the initiative, credited directly to recipients' MyKad and usable only at authorised supermarkets or mini markets, does not take into account the unique challenges faced by rural communities. 'Assistance that helps reduce the people's burden is always appreciated. However, for those in the interior without access to approved outlets, this RM100 becomes inaccessible, unless they travel to town, often spending more than RM100 just to get there. 'This defeats the very purpose of the aid,' he told The Borneo Post when contacted for comments on the aid distribution. To address the issue, Gerawat suggested expanding the Jualan Rahmah programme to remote communities and allowing the RM100 credit to be used there. He also proposed extending the validity of the aid to one year, to give rural recipients sufficient time to utilise it. On Wednesday, Prime Minister Datuk Seri Anwar Ibrahim announced several Madani appreciation measures, including the RM100 Sara assistance, a freeze on toll rate hikes for 10 highways, and a reduced RON95 fuel price of RM1.99 per litre. However, Telang Usan assemblyman Dato Dennis Ngau noted that many of the measures appear to be more applicable to urban populations, particularly in Peninsular Malaysia. 'The only direct benefit for our rural folks is the RM100. But how can they use it if they have no access to the outlets, or if they don't have a MyKad?' he questioned. Dennis pointed out that some villagers in longhouses still do not possess identity cards, due to a combination of remoteness and logistical hurdles. 'It's not that they don't want to apply. Some were born and raised deep in the interior, and getting to the nearest JPN (National Registration Department) office, even during mobile outreach visits, is a journey full of challenges.' He added that fuel price reduction, toll freezes, and even EPF-related announcements hold little relevance in the rural belts of Sarawak, where roads remain limited and fuel prices are already higher due to transport costs. 'The delivery system needs to reflect the realities in Sarawak's interior,' Dennis stressed. Both leaders agreed that while the Unity Government's intentions are noble, a 'one-size-fits-all' approach risks further marginalising those living far from urban centres, unless a more inclusive distribution mechanism is adopted, one that reflects the unique needs of rural Sarawak. Their concerns are grounded in personal experience: Gerawat hails from Pa' Lungan, a remote village in the Bario highlands near the Malaysian-Indonesian border, while Dennis is from Long Bedian, deep in central Baram region. Dennis Ngau gerawat gala rural Sara aid
