Malaysia Economy Remains Resilient
Malaysia Economy Remains Resilient

Malaysia Economy Remains Resilient

Malaysia Economy Remains Resilient

Efficient, vigilant planning and management has helped successfully build Malaysia’s strong economic performance since the 1970s, while transforming the economy from an over dependence on raw materials as well as agriculture, to a relatively high-tech, competitive nation, Bernama reported. The introduction of the National Transformation Program, a 10-year transformation strategy to boost the nation towards a high-income status by 2020, has further strengthened Malaysia’s economy and delivered numerous success stories that are the envy of many nations. Not only that, the implementation of social programs that focused on creating opportunities for entrepreneurship to support the people in increasing their income, as well as prudent fiscal position management by the government, has kept the economy resilient. This upward momentum continues, with the economy expanding by 5.8% in the second quarter of this year as compared to 5.6% in the first quarter. Bank Negara Malaysia expects the overall economy to surpass the official estimate of 4.8% growth for 2017.


Short URL : https://goo.gl/SBWEht
  1. https://goo.gl/N8sBhT
  • https://goo.gl/pVPHPk
  • https://goo.gl/8fXCou
  • https://goo.gl/6USgXa
  • https://goo.gl/9yjApm

You can also read ...

All three sides can’t agree on a few key issues.  Top of the list: The manufacturing of cars.
No meaningful progress is being made in NAFTA trade talks...
IMF Cautions Kenya on Rising Debt
The International Monetary Fund has cautioned that Kenya’s...
The rules say that EU countries should have budget deficits below 3% of GDP and public debt below 60% of GDP.
National budgets of six eurozone countries may break the...
AT&T-Time Warner Merger Case Politically Motivated
The US Justice Department’s lawsuit to block AT&T’s $85...
Gold Inches Up as Dollar Dips
Gold prices crept up on Wednesday amid a softer dollar, with...
Credit Tightening Dominoes Threaten Asia With Hidden Risks
With Asia’s economies humming along, consumer prices rising...
Mexico Boosts Minimum Wage
The bittersweet news for Mexico’s poorest workers: the...
UK Slashes Growth Projections
Britain slashed its official projections for economic growth...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.