Malaysia will return as Asian tiger in three years


Tthe usual leasing strategy applied successfully with medium-cost residences does not work so well with higher-end properties because the monthly rentals can be rather prohibitive.

KUALA LUMPUR: Malaysia will return to its Asian tiger status in three years, says Finance Minister Lim Guan Eng.

He said the 48 per cent jump in foreign direct investments to RM80.5 billion in 2018, compared with RM54.4 billion in 2017, reflected investor confidence in Malaysia’s economic health.

Lim said Chinese and Japanese investments into Malaysia had increased substantially and he hoped local investors would follow suit.

“2018’s figures have been positive despite certain predictions and I think Malaysia’s economy is progressing well. We have exceeded consensus estimation even for the previous month.

“The Industrial Production Index at 3.2 per cent in January was higher than the estimate compiled by Bloomberg at 2.3 per cent,” he said in his keynote address at the Invest Malaysia 2019 capital market forum here today. - Bernama

 

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Lim Guan Eng , FDI

   

Next In Business News

US weekly jobless claims unexpectedly fall
Thong Guan Industries to sell unit in related party transaction
7-Eleven Malaysia sees stronger 4Q ahead
Bitcoin marches towards US$100,000 on optimism over Trump crypto plans
Sunway Construction’s net profit rises to RM46.47mil in 3Q24
Bank Islam launches new digital banking platforms
Mega First’s net profit rises to RM116.64mil in 3Q
Fajarbaru net profit triples to RM8.42mil in 1Q25
Globetronics Partners with Taiwan's ChipMOS for Integrated Circuit Services
Hap Seng 3Q24 net profit soars nearly fourfold to RM193.11mil

Others Also Read