‘Malaysia’s GDP growth is beyond expectations of many’

 |May 24, 2017
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Malaysia’s robust economic growth of 5.6 per cent in the first quarter of 2017 is beyond the expectations of many, said Permodalan Nasional Bhd Chairman Abdul Wahid Omar.

He said the government’s resolve by focusing on the fundamentals was proven to be the right strategy.

“It is underpinned by broad-base growth in all sectors. I encourage all quarters to play their respective part to grow the economy,” he said.

He was speaking to reporters on the sidelines of the launch of the National Transformation Programme Annual Report 2016 prepared by the Performance Management Delivery Unit by Prime Minister Najib Razak, in Shah Alam, last night.

Meanwhile, International Trade and Industry Minister Mustapa Mohamed said the endorsements of international firms such as Forbes, BAV Consulting and the Wharton School of the US, reflected investor confidence in the country.

“They ranked Malaysia as the best country for investors in 2017 and a top destination for foreign direct investments among Asian countries,” he said.

He said Malaysia had done well in trade, as well as tourism, this was indicated by the influx of Chinese tourists into the country.

“We need to sustain this momentum, we need to ensure peace and stability as this is one of the hallmarks of Malaysia, our ability to live together in peace and harmony,” he added. – Bernama