Malaysia perlu jadi ‘Sang Kancil’ untuk harungi cabaran ekonomi, kata Khazanah

Malaysia must act like the clever mouse named Kancil to handle upcoming economic challenges, according to Khazanah Nasional Bhd's Khazanah Affairs Director Amirul Feisal Wan Zahir. Speaking at the Khazanah Megatrends 2026 Forum, Amirul stressed the importance of preserving Malaysia's heritage as a means to attract tourists and sustain the country's economy.

He pointed out that a positive outlook in financial markets does not necessarily translate into a stronger real economy, especially in wealthier nations, while the use of personal spending is increasingly concentrated among high-income households.

Amirul noted that while a significant amount of capital is being invested in artificial intelligence (AI), research from MIT indicates that 95% of initial AI projects have yet to show measurable returns. During the forum, Prime Minister Anwar Ibrahim was also present. Amirul emphasized that such a mindset makes other countries prioritize resilience over mere returns.

He added that large economies like the United States, Europe, and China can draw production and demand activity to their respective countries, backed by broad domestic markets and substantial public funds.

However, Malaysia lacks such advantages, Amirul noted. "So, how can a small economy respond to such a powerful global force?" He urged Malaysia to once again become the clever mouse Kancil: a savvy trading nation with interconnectivity and resilience stemming from diversified sources, such as capital, export destinations, and a wider supply chain network.

Amirul also stressed the importance of strong relationships, stating that Malaysia, as the Kancil, must have robust connections with the world. Lastly, he emphasized the importance of preserving Malaysia's heritage, which will attract international tourists, encourage longer stays, and help the nation to be known better. "For a trading nation, becoming a destination everyone wants to visit is a source of strength."