LETTER | Cabinet reshuffle presents new dynamic economic growth

LETTER | While I may be tardy in commenting on the recent cabinet reshuffle under Prime Minister Anwar Ibrahim, I have thoroughly enjoyed reading comments from peers, social media, and even political analysts.

However, I would like to express that this reshuffle has given me a different perspective on the government’s vision for our economy.

Firstly, it’s fascinating to witness the establishment of a new Digital Ministry. While some may perceive this as a response to the perceived incompetence of Fahmi Fadzil in handling digitalisation and communication, I interpret it as a demonstration of the government’s commitment to dedicating a full ministry to focus on and drive digitalisation.

Considering global developments in artificial intelligence (AI), it surprises me to see the Malaysian government pushing beyond 100 percent to align with this trend. The recent strides at UTM, as the first university in Malaysia to pioneer an AI faculty, lead me to believe that Malaysia is on the right track.

The shift of the economic model to digitalisation is occurring rapidly. Without government commitment to ensuring a smooth transition, Malaysians might risk falling behind. The recent news surrounding the meeting between Nvidia founder Jensen Huang and Anwar to discuss technology development might contribute to the split between these two ministries.

This reinforces the importance of staying ahead in this dynamic landscape. One point to Madani.

Second, the idea of splitting Nik Nazmi’s ministry into a separate portfolio of Energy Transition and Public Utilities, with Anwar appointing his deputy to the post, signals that the government is serious about making an energy transition.

Rafizi has consistently highlighted the fact that Malaysia’s investment in renewable energy (RE) has lagged behind compared to Malaysia’s peers. In fact, the recent development of the National Energy Transition Roadmap (NETR) by the government, supported by these two ministers, aligns with the government’s forward-looking stance. I really love the idea that Nik Nazmi could focus on natural resources and sustainability.

Thirdly, the appointment of Amir Hamzah as finance minister II goes beyond public expectations. Despite lacking prior political experience, he has amassed over two decades of experience in the private sector, working for national energy companies such as Tenaga Nasional, Petronas, and Shell.

While Anwar’s tenure as finance minister last year faced public criticism, it does not diminish his current role in the same position. However, the recent appointment has the potential to significantly enhance trust among investors and the capital market.

Amir’s corporate and investment background, coupled with his recognition among fund managers and investors, adds a positive dimension to the MoF.

Some analysts argue that this appointment is beneficial as Amir would support Anwar in terms of operations, but I hold a differing opinion. I perceive that Amir brings unique strengths that align with Anwar's needs, allowing for a complementary partnership to advance the Finance Ministry in the long run.

However, Anwar might have missed the opportunity to make more sweeping changes and replace some ministers who have been criticised for below-par performance, although I won’t mention names here.

Selamat bekerja!

The views expressed here are those of the author/contributor and do not necessarily represent the views of Malaysiakini.