11th June, 2012
PASIR PUTEH: Europe’s financial crisis could have an impact on Asia’s economic stability including the region’s exports to Europe said Deputy Finance Minister, Datuk Dr Awang Adek Hussin.
“The new economic powers like China and India, besides Asean countries will not be free from the effects of the crisis,” he told reporters after attending the official opening of Tok Aman Bali Beach Resort by the Sultan of Kelantan, Sultan Muhammad V, here, yesterday.
Awang Adek, who is also Kelantan Umno liaison deputy chief, said Malaysia was prepared to face the challenges brought by Europe’s widening recession and financial crisis by implementing the Economic Transformation Programme.
He said all the domestic projects could generate new economic growth to offset the impact of the crisis.
Awang Adek urged the people to be with the government, especially by not sabotaging the economy by holding street demonstrations and rioting as this could scare away investors.
“Street demonstrations can also adversely affect the tourism industry, which is a major contributor to Malaysia’s economy,” he said.