PUTRAJAYA: Prime Minister Datuk Seri Najib Tun Razak unveiled the structure and functions of the Special Economic Committee (SEC) which will consider immediate and medium-term planning to further strengthen the country’s economic fundamentals.
Najib, who is also Finance Minister, said the SEC would report directly to him and he would scrutinise the current issues like the ringgit’s value, maintaining the stability of the financial industry as well as improving confidence in the capital markets.
He said the setting up of SEC took into account the current situation to tackle and reduce any global impact on the country’s economy.
“The decision to set up SEC is based on the need of the government to develop and implement immediate measures and plans to ensure that Malaysia continues to grow,” he told a media briefing on the establishment of the SEC here today.
Minister in the Prime Minister’s Department, Senator Datuk Seri Abdul Wahid Omar, will chair the committee which comprises economists and corporate leaders.