{"id":65268,"date":"2020-03-10T14:11:06","date_gmt":"2020-03-10T06:11:06","guid":{"rendered":"http:\/\/www.namnewsnetwork.org\/?p=65268"},"modified":"2020-03-10T14:29:56","modified_gmt":"2020-03-10T06:29:56","slug":"new-finance-minister-zafrul-gears-up-to-tackle-countrys-economic-challenges","status":"publish","type":"post","link":"http:\/\/namnewsnetwork.org\/?p=65268","title":{"rendered":"New Finance Minister Zafrul gears up to tackle country’s economic challenges"},"content":{"rendered":"\n
\"\"
Malaysia’s new Finance Minister Datuk Seri Zafrul. Graphics courtesy of BERNAMA.<\/figcaption><\/figure><\/div>\n\n\n\n

KUALA LUMPUR, March 10 (NNN-BERNAMA) — Tengku Datuk Seri Zafrul Tengku Abdul Aziz, who was sworn in as a senator following his appointment as the Finance Minister, today expressed his commitment to address the economic challenges facing the country.<\/p>\n\n\n\n

The minister said he will be getting a briefing from Treasury secretary-general Tan Sri Ahmad Badri Mohd Zahir this afternoon in Putrajaya, in order to have a better picture of the country\u2019s economic conditions.<\/p>\n\n\n\n

\u201cI think what we need now is to focus on the immediate challenges ahead economically,\u201d he said when met after the swearing-in ceremony at the Parliament building today.<\/p>\n\n\n\n

The well-known technocrat said he was surprised and humbled by the appointment, adding that he would do his best to help the country in these challenging times.<\/p>\n\n\n\n

OCBC Bank economist, global treasury \u2013 research and strategy, Wellian Wiranto said Tengku Zafrul\u2019s immediate priority will likely be to implement the RM20 billion stimulus package to boost the economy hit by COVID-19 as announced on February 27.<\/p>\n\n\n\n

His key task includes preventing Malaysia\u2019s fiscal deficit from ballooning on the back of lower oil prices on oversupply concerns, Wiranto noted in OCBC\u2019s Treasury research note.<\/p>\n\n\n\n

Tengku Zafrul and MCA vice president Datuk Lim Ban Hong were among six new senators who were sworn in today.<\/p>\n\n\n\n

Meanwhile, Lim, who was appointed Deputy Minister of International Trade and Industry, said he was committed to continuing the ministry\u2019s efforts to boost economic growth, attracting quality foreign direct investments, and improve the people\u2019s welfare.<\/p>\n\n\n\n

\u201cI consider this appointment a heavy task with many challenges, considering the global economy is in turmoil.<\/p>\n\n\n\n

\u201cI will do my best to ensure the implementation by the Ministry of International Trade and Industry (MITI) will provide continuity,\u201d he said.<\/p>\n\n\n\n

With Malaysia hosting the Asia-Pacific Economic Cooperation (APEC) 2020 summit in November, Lim pledged to ensure the success of the meetings that promote free trade throughout the region.<\/p>\n\n\n\n

— NNN-BERNAMA<\/p>\n","protected":false},"excerpt":{"rendered":"

KUALA LUMPUR, March 10 (NNN-BERNAMA) — Tengku Datuk Seri Zafrul Tengku Abdul Aziz, who was sworn in as a senator following his appointment as the Finance Minister, today expressed his commitment to address the economic challenges facing the country. The minister said he will be getting a briefing from Treasury secretary-general Tan Sri Ahmad Badri Mohd […]<\/p>\n","protected":false},"author":19,"featured_media":65272,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[288,300,318],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/65268"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=65268"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/65268\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/65272"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65268"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}