Malaysia Q1 GDP up 5.6% on GST front-loading
Bank Negara sees economy staying on steady path, driven by domestic demand
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Kuala Lumpur
THE Malaysian economy was powered to a 5.6 per cent expansion in the first three months of the year by the rush to buy big-ticket items ahead of the new consumption tax in April, and by spending on relief programmes for the flood-hit east coast states.
Growth was only marginally slower than the 5.7 per cent recorded for the fourth quarter of last year. In a statement on Friday, Bank Negara said that the economy was expected to remain on a "steady growth path", and that amid lower oil prices, it anticipated domestic demand to continue to drive output.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
‘Largest Singapore commercial S-Reit proxy’: analysts say buy CICT shares after Paragon acquisition
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
