The July restart of the Chinese-led multi-billion dollar East Coast Rail Link also boosted sentiment for improved investment climate in Malaysia, especially with Malaysia’s efforts to double Chinese foreign investment in the manufacturing sector, the firm said.
KUALA LUMPUR: Fitch Ratings has revised its 2019 growth forecast for Malaysia to 4.6%, from 4.2%, after the country reported stronger-than-expected growth in the first half.
Malaysia’s central bank reported second-quarter economic growth of 4.9% last Friday, making South-East Asia’s third-largest economy the only one in the region to show some acceleration from the first quarter.
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