Malaysia will return as Asian tiger in 3 years

By Prosyscom
In March 20, 2019

KUALA LUMPUR: Malaysia will return to its Asian tiger status in three years, Malaysian Finance Minister Lim Guan Eng said on Tuesday (Mar 19).

He said the 48 per cent jump in foreign direct investments to RM80.5 billion (US$19.7 billion) in 2018, compared with RM54.4 billion in 2017, reflected investor confidence in Malaysia’s economic health.

“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.

In February, Lim said that Malaysia’s economy was going strong and that its gross domestic product (GDP) is expected to expand a further 4.9 per cent in 2019 even with a decline in inflationary pressure.

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