Saturday, December 10, 2011

Malaysia’s economy is very strong and stable despite the EUROZONE debt turmoil.



The governor of Central Bank of Malaysia has commented that the Nomura Research reported about Malaysia’s economy is incorrect. All the foreign banks in Malaysia are locally incorporated; therefore they are not affected by the EU financial crisis. Malaysia’s economy is expanded at the rate of 7 to 8 percent. Thecountry is booming as the Malaysian government took the preventative measures and injected viable stimulus packages to increase the country’s economy, also by backing strongly the growth of entrepreneurship activities in every sector of businesses


Malaysia’s foreign direct investment (FDI) for the first nine months of 2011 rose 42% to RM26.4 billion compared to RM18.6 billion for the same period in 2010, according to the Department of Statistics.
Private investments for the first nine months amounted to RM75 billion, according to the Ministry of Finance recently.

MITI said the strong FDI inflows and private investments for the first nine months indicated that the various initiatives introduced by the government to spur economic growth were showing positive results.






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