He also calls on banks to ease their lending procedures.
The government is always optimistic of overcoming the growing challenges to the economy and will do so to the best of its ability, says Finance Minister Lim Guan Eng.
"The first challenge poses a difficulty to the new government in undertaking projects. The second has had a global impact which all countries have to overcome. So this is a major challenge as Malaysia is a trading nation and exporter,” he said. Lim said although faced with the economic pressure, the government will do its best to overcome problems.
Meanwhile, towards ensuring the economy continues to progress sustainably, he said the banking sector needed to play its role in facilitating and being flexible with loans not only to homebuyers but also for low-cost and affordable houses as well as small and medium entrepreneurs.
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