YB Rafizi Ramli is the current Minister of Economy Malaysia.
The funtion of the Ministry of Economy includes :
- Socioeconomic Development Planning
- Formulate the medium and long term socioeconomic development plans at the national, regional and state level
- Conduct socioeconomic research and act as the advisor to the Government on socioeconomic affairs
- Strengthening the inclusive development planning including the Bumiputera agenda
- Formulate energy policies related to oil and gas
- Distribution of Allocation Resources
- Determine the ceiling and distribution of the development expenditure
- Implement the value management for development projects costing RM50 million and above
- Implementation, Coordination and Monitoring
- Monitoring the progress of the national programmes, initiatives and development projects
- Implement, coordinate and monitor Ministry of Economy programmes and projects
- Implement, coordinate and monitor inclusive development including the Bumiputera agenda
- Stakeholder Facilitation
- As the focal point for international cooperation and joint border development
- National secretariat to the national socioeconomic planning and development including the National Economic Action Council (EAC) and the National Development Planning Committee (NDPC)