Anwar’s Madani Economics: Wins, Misses, and What’s Next

Subsidy rationalisation, the Madani government’s communication challenges, Malaysia’s semiconductor ambitions, and the return of Donald Trump—Professor Dr. Ong Kian Ming and Pankaj Kumar review the Madani government’s 2024 performance and share their key focus areas for 2025.

Here are some AI-generated highlights of key areas covered in this conversation with Professor Dr Ong Kian Ming, Pro Vice Chancellor for External Engagement of Taylor's University, and Pankaj Kumar, Managing Director of Datametrics Research and Information Centre:

- 2024 Economic Performance: Malaysia’s economy saw strong GDP growth and robust investment numbers in 2024, but challenges arose from poor public policy communication and implementation. The discussion explores the Madani government’s performance, grading its achievements and identifying areas for improvement.

- Subsidy Rationalisation: The complexities of fuel subsidy reforms and the rollout of a targeted mechanism have raised concerns over public trust and effective communication. The importance of a clear, data-driven strategy is underscored to ensure smooth implementation and public buy-in.

- Data Centers & Semiconductors: Data centers play a pivotal role in Malaysia’s digital economy, while the National Semiconductor Strategy aims to move Malaysia up the value chain in the global semiconductor industry. Insights are shared on how these sectors can drive Malaysia’s growth in 2025 and beyond.

- Growth Sectors in 2025: Opportunities in renewable energy, smart industrial parks, logistics, and the Johor-Singapore Special Economic Zone are highlighted as key areas for Malaysia’s economic expansion. The conversation delves into strategies to capitalise on these emerging growth engines.

- Geopolitical Risks: With the return of Trump 2.0 and rising geopolitical tensions, Malaysia faces external uncertainties. The discussion explores how Malaysia can mitigate risks by leveraging its ASEAN chairmanship and BRICS partnerships to strengthen its global position, while highlighting the fine line that Prime MInister Dato Seri Anwar Ibrahim might need to navigate with foreign policy with President Trump back in the White House.

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