Malaysia’s economy to continue recovery momentum this year: Tengku Zafrul theSun theSundaily Malaysia economy momenum recovery
: The Malaysian economy is expected to continue its recovery momentum this year, after the country’s first-quarter 2022 performance saw a growth of five per cent, supported by increases in domestic and external demand, as well as labour market recovery.
“This was attributed to the implementation of wage subsidy programmes worth more than RM20 billion and successful job creation initiatives such as JanaKerja and JaminKerja. Additionally, there was robust external trade and foreign direct investments with total trade rising 23.6 per cent to RM624.9 billion, while net FDIs increased to RM24.4 billion .
“Meanwhile, the FTSE Bursa Malaysia KLCI rose by 1.3 per cent in Q1 2022, with net purchases from local retail investors totalling RM501 million, and consistent net inflows from foreign investors amounting to RM6.5 billion. “The expansionary 2022 Budget and the resumption of projects with high multiplier effects will help to sustain growth, which will be supported by implementation of development programmes under the 12th Malaysian Plan.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ekonomi Malaysia meneruskan momentum pemulihan, kata Tengku Zafrul | The Malaysian InsightMenteri kewangan berkata pertumbuhan pada suku pertama 2022 adalah disebabkan sokongan dasar kerajaan yang konsisten.
Read more »
Malaysia’s economy to continue recovery momentum, says Tengku Zafrul | The Malaysian InsightQ1 growth increases in domestic, external demands, labour market recovery.
Read more »
Malaysia’s economy to continue recovery momentum, says Tengku Zafrul | The Malaysian InsightQ1 growth increases in domestic, external demands, labour market recovery.
Read more »
Malaysia’s economy to continue recovery momentum this year, says | Malay MailKUALA LUMPUR, May 13 — The Malaysian economy is expected to continue its recovery momentum this year, after the country’s first-quarter 2022 (Q1 2022) performance saw a growth of five per cent, supported by increases in domestic and external demand, as well as labour market recovery. Finance...
Read more »