World Economy

Malaysia BCI Rises

Malaysia BCI RisesMalaysia BCI Rises

Business confidence in Malaysia strengthened in the first quarter of the year, hitting the highest level since the second quarter of 2015, Bernama reported. The 1Q17 Global Economic Conditions Survey released Friday said the confidence was boosted by rising commodity prices and improving trade prospects. “The increase in commodity prices has lifted the value of the country’s exports and reduced the need for further government austerity,” it added. However, the GECS noted that the uncertain outlook for the exchange rate remained the main concern of businesses for the quarter under review, as 70% of respondents expressed worry over the issue.

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