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Malaysian economy to grow 5.5-6.0 percent in 2018

The Malaysian government expects the economy to expand 5.5-6.0 percent this year in line with the forecast by Bank Negara Malaysia.

KualaLumpur (VNA) - The Malaysian government expects the economy to expand5.5-6.0 percent this year in line with the forecast by Bank NegaraMalaysia.

Malaysia's national news agency Bernama quoted Finance Minister Lim Guan Eng assaying at the Shariad Investment Fair on July 20 that Malaysia is an open,diversified economy and even with the adverse impact of theongoing global trade war, the country will be growing by atleast 5.0 percent for the next several years.

According to Lim, the Malaysian capital market grew 12.6 percent to RM3.2trillion last year. The conventional and Islamic capital market capitalisationgrew by 14.4 percent and 11.9 percent respectively, while fundraising throughthe equity market grew to 21.7 billion RM in 2017 from 12.8 billion RM the yearbefore.

He added that the bond and sukuk markets expanded by 10.1 percent to 1.3trillion RM.

“The year 2018 has been a difficult one for Asian equity markets, butperformance of the domestic market has been encouraging amid a sea of red.

🎀 Data from Bloomberg shows that the Malaysian securities market is remarkablyresilient compared to regional peers in Singapore, Jakarta, Bangkok, Hong Kongand Shanghai, he said.-VNA

VNA

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