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| Kuala Lumpur, the capital city of Malaysia |
SINGAPORE: The Malaysian economy is poised to continue well relative
to other Asian nations as it is supported by strong private consumption
growth, says Anthony Yau, Head of Asian Emerging Markets at State Street
Global Advisors.
He said the country's economy compared
favourably to other Asian nations in terms of Gross Domestic Product
(GDP) growth. "Private consumption has been the primary driver here as
it is among the strongest in the region and continues to be supported by
widespread pay raises for civil servants heading into the elections,"
he told Bernama.
Yaw said populist government policies should continue to sustain domestic demand and subsequent GDP growth.
However,
he said the economy was susceptible to external events such as the euro
zone financial crisis or a continuous drop in palm oil prices, both of
which would have a negative impact upon domestic demand.
Yau said given Malaysia's status as a crude oil and palm oil exporter, it was highly exposed to global market uncertainties.
He
noted that continued negative newsflow on the financial crisis in the
euro zone or a sharp drop in palm oil prices remain areas of
vulnerability for the economy.
Touching on the recent listing of Felda Global Venture Holdings Bhd and dual listings of IHH Healthcare Bhd,
Yau said it was an encouraging sign for the Malaysian exchange while
other Asian financial centers have had to cancel initial public
offerings (IPO) launches.
"The Malaysian bourse has listed 11 companies so far this year on strong demand from both domestic and international investors.
Read More: http://biz.thestar.com.my/news/story.asp?file=/2012/8/9/business/20120809134836&sec=business
Congratulation to BN govt for the make success economy for Malaysia.
ReplyDeleteThe Federal Government will record a lower fiscal deficit of four per cent of gross domestic product next year due to a contraction in spending, says the Finance Ministry. The Federal Government revenue is expected to increase to RM208.7 billion, supported by higher tax revenue of RM159.2 billion.
ReplyDeleteTotal expenditure is however projected to contract 1.1 per cent to RM249.7 billion, reinforced by measures to rein in discretionary spending, resulting in lower fiscal deficit, the ministry said in its Economic Report 2012/2013 released today.