ASEAN MUST BE PROACTIVE IN CRAFTING STRATEGIES FOR LONG-TERM PROSPERITY - AMIR HAMZAH

By Muhammad Faiz Baharin

KUALA LUMPUR, April 8 (Bernama) -- ASEAN must be proactive in crafting strategies that are not only responsive to current challenges but also forward-thinking, setting the stage for long-term prosperity.

Finance Minister II Datuk Seri Amir Hamzah Azizan said that finance ministers, central bank governors, policymakers and regulators collectively bear the immense responsibility of ensuring that the policies and decisions are focused on achieving economic stability, sustainable growth, and financial inclusion.

bootstrap slideshow

He emphasised that the focus must not solely be on rebuilding what was lost, but also on seizing new opportunities that align with ASEAN’s vision for its people.

“ASEAN’s future is full of promise, thanks to our vibrant economies and growing connections across the region. With a combined GDP (gross domestic product) of over US$3.98 trillion  (US$1=RM4.49), we are already one of the fastest-growing economic regions in the world.

“While challenges such as trade tensions and geopolitical issues lie ahead, our foundation remains strong, and intra-ASEAN trade continues to play a significant role in our shared prosperity. Together, we have the potential to lead in trade, finance, and innovation, as long as we remain adaptable and work hand in hand,” he said.

Amir Hamzah made these remarks in his welcoming dinner speech in conjunction with the 12th ASEAN Finance Ministers and Central Bank Governors’ Meeting (AFMGM) and related meetings at the Kuala Lumpur Convention Centre (KLCC) here, today.

Moving forward, Amir Hamzah emphasised that ASEAN can strengthen its resilience, stay ahead of global challenges, and ensure lasting prosperity through continued collaboration.

“It’s all about building stronger ties, whether that’s improving our capital markets, streamlining regulations, or boosting infrastructure.

“By facilitating the free movement of goods, services, and capital across borders, we can create a more competitive region, attract investment, and support our businesses,” he said.

As ASEAN Chair in 2025, Amir Hamzah noted that Malaysia is focused on leading the region in sustainable development and green investments in energy transition, particularly in solar energy, electric vehicles, and green infrastructure.

“The future we want to build is one that balances economic growth with environmental sustainability. We understand that economic progress must not come at the expense of our natural resources, and it is crucial that we continue to integrate sustainability into our development strategies,” he added.

-- BERNAMA