Malaysia economy grows at fastest pace in two years
Posted by on Sat, May 20 2017 04:51 am
AFP, Kuala Lumpur :
Malaysia's economy grew at its fastest pace in two years during the first quarter, the central bank said Friday, boosted by stronger domestic demand and a pick-up in exports.
Southeast Asia's third-biggest economy expanded 5.6 percent on-year in January-March period, compared with 4.1 percent in the same period last year and 4.5 percent in October-December.
The result-much better than the 4.8 percent forecast in a survey by Bloomberg News-marks the third consecutive quarter of improving growth and is the fastest since the start of 2015.
"It's a lot stronger than expected and it was partly due to a rebound in exports and commodity prices," said Song Seng Wun, an economist at CIMB Private Banking.
Other Posts
- Inflated credit ratings cause bank lending mismatch
- Media report false, says IBBL chairman
- Mashrur Arefin, Additional MD of City Bank and Engr. Md. Arifur Rahman, Chief Executive Officer of Assurance Developments Ltd, signed an agreement at the bank's head office recently. Under the deal the customers of the company will get attractive benefits
- Mohammed Mosharaf Hossain, Additonal Managing Director of Uttara Bank Limited, presiding over a daylong workshop on "Combating Trade-based Money Laundering" at the bank head office in the city recently. Syed Shaikhul Imam, GM, Sultan Ahmed and Md Abdul Qu
- School banking becoming boons for students
- Banking sector to be in a fix, if classified loans' trend goes on
- Islami Bank: Conflict between chairman and vice-chairman peaks
- Govt banks on foreign loans for 40 rail projects
- 60 water resource projects may get Tk 4,035 crore
- Agrani Bank recruitment test postponed over question leak
- Md Sanaullah Shahid, EC Chairman of Shahjalal Islami Bank Limited, presiding over the 709th meeting at its head office recently. Engineer Md Towhidur Rahman, Chairman, Board of Directors, Mohiuddin Ahmed, Vice-Chairman, Md Shahjahan Shiraj, Managing Direc
Comments