KUALA LUMPUR: Yang di-Pertuan Agong, Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah today reminded the government to continue placing its utmost priority in protecting the well-being of the people, while focusing on assisting businesses greatly affected by the Covid-19 pandemic.
Among the measures, he said, included the Movement Control Order (MCO) and the RM260 billion economic stimulus package to support among others, the Small and Medium Enterprises (SMEs).
"My government will continue planning, introducing and implementing various programmes and initiatives to boost the economic activities to improve the income and well-being of the people.
"In this regard, the Shared Prosperity Vision will be the catalyst for the nation's development direction, he said.
"The upcoming 12th Malaysia Plan that will be tabled here marks the first phase of the Shared Prosperity Vision 2030.
"I'm confident that the policies and strategies in place through the involvement of various quarters will enhance the country's economic growth and development which will eventually be enjoyed by the rakyat as a whole," Sultan Abdullah said in his royal address when opening the first meeting, third term of the 14th Parliament, here, today.
The SPV 2030, he said, is aimed at enabling people at all levels to achieve a reasonable standard of living through a fair, equitable and inclusive economic distribution.
Sultan Abdullah said the improvements were important in attracting more quality investments into the country.
"Realising the importance of investment injection to boost the country's economy, my government will continue to simplify business processes to enhance investment activities.
"This includes the need to update existing laws, approval processes and incentives."