KUALA LUMPUR, July 18 — Malaysia needs to have the capability to produce critical products, said Prime Minister Tan Sri Muhyiddin Yassin.
He said this covered the food and beverage sector, medical devices, medicines, petrochemicals, and personal protective equipment like gloves and face masks.
“When the country has this capability, we can reduce the outflow of the Malaysian currency and increase the export of local items,” he said when launching the national-level Mega Sales Programme and Buy Malaysian Products Campaign at Suria KLCC here today.
Therefore, the government is studying and review the existing policies to reduce dependence on imported items and give priority to building the capacity of local industries to produce made in Malaysia products, he added.
— BERNAMA
More Stories
Medical Device Industry Supply Outlook Remains Stable Amid Geopolitical Uncertainty, Says Economy Minister
Government to Introduce Immediate Regulatory Measures for E-Commerce Platforms
Jalur Gemilang Symbolizes Unity for All Malaysians, Says Sultan of Selangor