Malaysia’s GDP climbs 6.4 percent in second quarter
Malaysia’s domestic gross product (GDP) expanded by 6.4 percent in the second quarter of 2014, fuelled by stronger exports and robust domestic demand, announced the Central Bank of Malaysia.
Malaysia’s domestic gross product (GDP) expanded by 6.4 percent inthe second quarter of 2014, fuelled by stronger exports and robustdomestic demand, announced the Central Bank of Malaysia.
Thebank’s Governor Zeti Akhtar Aziz said GDP hit 262.8 billion RM (over 83billion USD) over the period, picking up 4.5 percent from a year before.
BetweenApril and June, the country’s exports picked up 8.8 percent whileimports saw a 3.9 percent increase, resulting in a trade surplus of 18.4billion RM, down 43 percent quarter on quarter.
Exports andprivate sector activity were said to remain the key drivers of growthduring the second quarter with private investment, especially in theservices and manufacturing sectors, surged by 12.1 percent.
Thecentral bank forecast Malaysia’s annual GDP growth rate will top 5.5percent, backed by a 6.3 percent pace in the first half.
Earlier, the bank projected GDP growth at 4.5 – 5.5 percent this year.-VNA
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
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Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
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Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
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