Cautious MoF maintains 4.9pc GDP growth outlook, despite Nikkei's 5.2pc projection
Finance Minister Lim Guan Eng says that the Ministry of Finance will remain cautious and maintain its current growth projections for 2019. ― Picture by Miera Zulyana
“The Ministry of Finance welcomes the latest Nikkei Manufacturing Purchasing Managers’ Index reading for Malaysia, which rose to 49.4 points in April 2019 from 47.2 points in the previous month. This is the highest level recorded in 7 months,” said Lim. Lim said that the April rise in PMI was contributed by an increase in export orders, employment growth, investment into new machines and plants, as well as improved business confidence built on policy clarity and certainty provided by the government’s reform agenda, among others.
“The government will continue its efforts to enhance the people’s welfare by focussing on achieving high-quality growth,” said Lim.
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