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BANK Negara has projected economic growth at 4.5% this year, lower than last October's budget forecast of 6.5%, but still decent in view of heightened geopolitical tensions and uncertain external conditions.
THE private sector is expected to drive growth this year as the external sector is projected to grow modestly. Risk to the economy, however, remains should the private sector, because of prolonged uncertainty, adopt a #147;wait-and-see#148; attitude, which would cause delays in investment and a bounce in the electronics industry.
ARAB-MALAYSIAN Corp Bhd (Am-corp) plans to divest non-core assets to strengthen its financial position and give more focus to its business as it attempts to narrow the gap between its share price and revalued net asset backing of RM1.30 a share, managing director Soo Kim Wai said.
MAJOR stock markets in Asia ended the first quarter of the year substantially lower as concerns over the economic impact from the war in Iraq weighed on investor sentiment.