In a striking development for Malaysia's economic landscape, Amir Hamzah Azizan, the country's Second Finance Minister, is poised to assume the responsibilities of the Economy Minister. This change comes just one month after Rafizi Ramli's resignation following a setback in a party election.

The Cabinet's decision was unveiled during a meeting on June 25, as confirmed by Secretary Shamsul Azri Abu Bakar. Amir Hamzah's main mission? To critically assess and redesign the 13th Malaysia Plan ahead of its parliamentary presentation on July 31.

Shamsul Azri highlighted that Amir will incorporate insights from various ministries and gauge the sentiments within the Cabinet, making sure to align the economic roadmap with the government's objectives.

The 13th Malaysia Plan is expected to serve as a blueprint for addressing complex global trends and local challenges, with implementation spanning from 2026 to 2030.

However, Rafizi, the former Economy Minister, publicly criticized the government's last-minute decision to restructure the plan. He expressed concerns that this hasty move might cut corners in the crucial consultative processes with stakeholders and experts.

Rafizi pointed out that politicizing such an important plan would severely undermine the hard work of civil servants who have dedicated long hours over the past year. He emphasized the significance of upholding bold educational reforms initially included in the plan.

After losing his deputy president position in the Parti Keadilan Rakyat to Prime Minister Anwar Ibrahim's daughter, Nurul Izzah Anwar, Rafizi resigned on May 28 but remains an active member of parliament.

Rafizi's close ally and Natural Resources Minister, Nik Nazmi Nik Ahmad, also resigned that day, leaving speculation about who will take his place.

Amir Hamzah, who became Second Finance Minister in December 2023, expressed gratitude to Prime Minister Anwar for the opportunity. He acknowledged the feedback from fellow ministers regarding the urgent need to revise the Malaysia Plan to accurately mirror governmental aspirations and reinvigorate economic reforms.

Notably, Amir Hamzah, a senator chosen for his professional excellence, previously led Malaysia's Employees Provident Fund, one of the largest pension funds globally. His expertise will be crucial as Malaysia navigates this pivotal moment in its economic strategy.