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Govt sets up economic advisory council

KUALA LUMPUR, 9 April 2009: An economic advisory council aimed at reviving and reforming the country’s economic system will be set up, Prime Minister Datuk Seri Najib Razak said today.

He said the council, which would report to him directly, would be the top priority of the government in its initiatives to seek solutions to economic and financial woes and implement long-term plans towards reforming the economy.

The council would serve as an independent body that provides expert advice to the government to steer the nation through the current challenging global economic landscape and help develop innovation-based economic fundamentals, he said.

“As such, I will consider this noble initiative to reform our nation’s economy with the help and expertise of a proven experienced team to work for the country’s interests,” he said when announcing his new cabinet line-up televised live from the Putrajaya federal government administrative centre.

Najib, who retained the Finance Minister portfolio, said the council members are of minister status. — Bernama

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