Anwar, who is also the finance minister, said the government has implemented a comprehensive set of policy reforms aimed at transforming the economy and public service delivery.

“The government is committed to seeing through the policy implementation outlined in the Madani economic framework in the months and years ahead.

“The optimism springing in the domestic capital markets, exemplified by the FBM KLCI etching new highs, reflects global investors’ renewed interest in Malaysia’s reform narrative,” he said in a statement.

Anwar said the government is optimistic about achieving its gross domestic product growth forecast range of 4% to 5% for 2024 despite the consensus forecast of 3.9%.

Earlier today, Bank Negara Malaysia announced the country’s economy grew faster than expected in Q1 2024, aided by household spending and a turnaround in exports.

In Q4 2023, Malaysia recorded a GDP growth rate of 2.9%. In Q1 2023, the country registered a rate of 5.6%.

Headline inflation for Q1 2024 remained moderate at 1.7%, in comparison with 1.6% in Q4 2023.