PUTRAJAYA: Malaysia has the potential to regain its status as an Asian Tiger with its strength in emerging economic sectors, said Economy Minister Rafizi Ramli.

Rafizi, however, said this hinges on the country's ability to excel in future economic sectors, especially sustainable energy, rather than solely relying on Gross Domestic Product (GDP) measurements.

He said Malaysia's progress in the growth of data centres and the potential for expansion in the electronics and chip industries are also crucial factors in revitalising the economy of the country.

"Our current initiatives to support these data centres are strategically aligned with the anticipated dominance of Artificial Intelligence (AI) and chip technologies in the global landscape.

"Considering these factors, Malaysia possesses significant potential (to reclaim back Asia's tiger status," he told reporters when met after launching the 2023 Economy Cencus Discovery here today.

https://www.nst.com.my/news/nation/2024/07/1083328/rafizi-reaffirms-malaysias-potential-reclaim-asian-tiger-status