Melaka Must Prepare For Global Economic Challenges
MELAKA, April 25 (Bernama) -- Melaka must be prepared for the challenges posed by global economic imbalances, particularly following the announcement of new tariffs imposed by the United States on all countries, as well as the increase in import duties on goods and services.
Governor Tun Dr Mohd Ali Mohd Rustam said that this preparation is crucial to ensure the continued growth of Melaka's economy in alignment with both the Malaysian and global economies.
'I hope that this state can face these economic challenges with full determination, strategic planning, and foster strong cooperation between the state and the federal governments, as well as at the community levels,' he said in his address when opening the First Meeting of the Fourth Term of the 15th Melaka State Assembly at Seri Negeri today.
The current state assembly sitting will take place over three days, from today until April 29.
Tun Mohd Ali also emphasised the importance for the state government to maintain he current momentum, given that Melaka has recorded an impressive investment value of RM8.18 billion in 2024.
'This success is a clear indicator that Melaka is gaining trust as a strategic investment destination, offering vast potential, good infrastructure, and a business-friendly environment for investors,' he said.
As such, the Governor said the state government should intensify efforts to attract more high-quality, impactful investments that align with environmental sustainability and create additional job opportunities, particularly for the people of Melaka.
He also highlighted the importance of providing appropriate training opportunities for local entrepreneurs, as well as encouraging the use of digital platforms to expand market reach and grow their businesses in line with the rapid technological advancements.
Tun Mohd Ali also expressed hope that the state government would ensure that all development projects include comprehensive telecommunications infrastructure, digitalisation, and necessary hardware right from the planning stage.
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