AmBank Group chief economist Anthony Dass(pic), who is projecting a 4.5% GDP growth this year for Malaysia, said the economic growth hinges largely on domestic demand and private investment. To this end, he told StarBiz it is imperative for the government to arrest the alarming decline in private-sector investments which has slid from 6.9% in the third quarter of last year (3Q18) to 0.4% in 1Q19.
PETALING JAYA: Foreign direct investment (FDI) flows into the manufacturing sector is expected to remain subdued in 2018, according to Ambank Research.
This is on the back of the government’s increasing focus on quality investments in targeted ecosystems, which is likely to yield a positive impact on the domestic economy.
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