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Tag Archives: Budget 2022

Banks to play critical role through lens of ‘3Rs’



KUALA LUMPUR: Finance Minister Tengku Zafrul Abdul Aziz said the banking industry is expected to operate through the lens of the "3Rs" - recovery, resilience and reform - in aid of the economic recovery as well as in promoting sustainable business practices.

This was in line with the key thrusts of Budget 2022, which will remain expansionary and conceptualised as a recovery budget.

"2022 will be a critical year for Malaysia, a rare window to jumpstart not just an economic recovery, but a recovery of industries, livelihoods and jobs, especially those hit hardest by the pandemic," he said during his keynote address at the Malaysian Banking and Finance Summit 2021.

"As the health of the financial sector is tied to the wider economy, it is crucial that the banking i

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