Economist: Domestic demand to support growth

Lee said Malaysia’s growth would be supported mainly by domestic demand given a weak external environment; and that Bank Negara is likely to hike interest rates by 50 basis points this year.

PETALING JAYA: Property developers are guiding for flat to higher new property sales, rubber glove players expect the operating environment to remain challenging, while plantation companies see crude palm oil prices remaining range-bound.

These are some of the key takeaways gathered from corporate companies at CGS-CIMB Research’s recent corporate day event.