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THE economy expanded by a stronger-than-expected 5.1% in the third quarter, buoyed by stronger aggregate domestic demand, bullish commodity prices, a solid recovery in the services sector, and the continuing impact of the government's May economic package.
FORMAL talks for the merger between two leading local Internet service providers (ISPs) TM Net Sdn Bhd and Jaring are expected to be initiated soon, most probably by the Finance Ministry, said Energy, Communications and Multimedia Minister Datuk Amar Leo Moggie.
MALAYSIA'S overall balance of payments surplus rose a hefty 591.7% to RM8.3bil in the second quarter this year from RM1.2bil in the first, according to official data released yesterday.
MALAYSIA#039;s overall balance of payments (BOP) position is expected to remain fundamentally strong and record a net inflow of RM15.2bil this year compared with RM14.2bil last year.
MALAYSIA, with its excellent infrastructure, strong fundamentals, and stable government, is seen set to be a major beneficiary of an expected rebound in global foreign direct investment (FDI) next year, said the UN Development Programme (UNDP) senior adviser for strategic issues, Madeline Loh.