KUALA LUMPUR (May 21): The Malaysian economy's return to a stronger footing in the first quarter of 2022 (1Q22) with a gross domestic product (GDP) growth of 5% and the latest economic indicators indicate that the economic recovery has begun. Besides, growth was also aided by Budget 2022's expansionary measures, projects with high-multiplier effects, and development programmes under the 12th Malaysia Plan. However, it said the government will continue to monitor the development of various economic risks so that external shocks that could affect the well-being of the people and businesses could be managed. The MoF has allocated RM450 million under Budget 2022 for environmental and biodiversity conservation, including tree planting and nature conservation projects. “This is important to ensure that companies are prepared for growth in market demand with respect to ESG, where the principles of good governance suggest the establishment governance structures for ESG regulatory in their investment strategies.
