The National Economic Action Council (MTEN) is an economic advisory council to the Government that was first established on 7 January 1998 during the administration of the fourth Prime Minister. At that time, MTEN acted as a consultative body to the Cabinet of Ministers to deal with the country's economic problems, particularly giving advice to the Government to restore the economy and prevent it from falling into recession.

The MTEN Secretariat was established under the Ministry of Economy to assist with secretarial matters at all levels of MTEN Meetings as well as monitor and report implementation progress to MTEN. The MTEN Secretariat is headed by the Deputy Secretary General (Policy), Ministry of Economy as Head of Secretariat.

The MTEN Secretariat is responsible for keeping records and documents of presentation materials, minutes and other materials related to MTEN Meetings securely and systematically as stipulated in the Terms of Reference.

The MTEN Secretariat needs to report periodically on the implementation of the decisions made by MTEN to the MTEN Meeting.

Objective

Carrying out duties as Trustee to the National Economic Action Council. Manage and coordinate the preparation of the National Economic Action Council Meeting according to the guidelines set in the Terms of Reference.

Function

• Being a platform for sharing between the public sector and the private sector on current economic policies and strategies;
• Increasing the involvement of the private sector and industry in development planning through systematic engagement sessions with various stakeholders such as corporate leaders, economists, local and foreign investors, small and medium enterprises, academics and economic sector representatives;
• Strengthen the country's economic resilience by addressing the problem of economic vulnerability among low-income households and micro, small and medium industry players;
• Improve the competitiveness and quality of the business environment to strengthen Malaysia's position as a major investment destination;
• Become a platform to address economic issues and challenges that are structural and in the medium and long term;
• Become a discussion platform on high-impact socioeconomic development projects; and
• Increase the level of confidence of the people, industry and investors in the Government through extensive engagement.