KUALA LUMPUR: The government will prioritise enhancing regional cooperation, taking advantage of its role as Asean chair.
The Economic Outlook 2025 said this will involve significant participation from the private sector and local entrepreneurs, in showcasing their products and services, thus highlighting Malaysia's commitment to foster innovation and economic growth.
"As the chair, Malaysia will introduce the Asean Community Concept 2045 to enhance cooperation among member states, rally Asean solidarity, bridge divergences and promote greater harmony; ultimately promising economic prosperity for the region," the report said.
"In addition, this concept will further expand Asean as a large community not only economically, but also in terms of connectivity, energy distribution and infrastructure.
"Furthermore, the upcoming chairmanship reflects Malaysia's journey towards realising the Ekonomi Madani aspirations of becoming a leading Asian economy," it added.
The report said Malaysia can contribute to a more resilient, inclusive and prosperous Asean by addressing challenges and capitalising on opportunities.
"Leveraging its resources and digital infrastructure, backed by a stable Government and sound policies, Malaysia can propel Asean towards greater economic prosperity and regional integration.
"To this end, Malaysia will foster greater collaboration among Asean members to harmonise policies, standardise regulations and improve cross-border trade, ultimately creating a stronger Asean," it added.
Malaysia's electrical and electronic (E&E) serves as one of the major contributors to the nation's gross domestic product investments and employment.
It accounts for 13 per cent of the global semiconductor testing and packaging market and ranks as-the world's sixth-largest exporter of semiconductors, constituting 60 per cent of the country's total E&E exports.
The report said Malaysia will foster greater collaboration among Asean members to harmonise policies, standardise regulations and improve cross-border trade, ultimately creating a stronger Asean.