Malaysia's economy to benefit from higher demand in semiconductors, tourism in 2024 - Tengku Zafrul


Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz

KUALA LUMPUR: Malaysia’s economy is expected to benefit from the semiconductor exports, lifted by the global technology upcycle, as well as strong momentum in the tourism sector in 2024, said Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz.

He noted that the country is cautiously optimistic this year, backed by stronger macroeconomic numbers in 2023, including an expected growth of four per cent as well as lower inflation and unemployment rates, and an improving ringgit outlook.

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Zafrul Abdul Aziz , Semiconductor , MITI , NETR , ringgit

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