Business confidence in Malaysia up

KUALA LUMPUR: Business confidence in Malaysia picked up slightly in the first quarter of 2016, according to a survey by the Association of Chartered Certified Accountants (ACCA) and the Institute of Management Accountants (IMA).

In a statement, the ACCA said the Global Economic Conditions survey showed that Malaysia’s economy has at least weathered the fall in oil prices better than most big producers, growing by a relatively healthy 4.5% in fourth quarter 2015.