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MALAYSIA'S gross domestic product will grow by between 5.5% and 6% this year on the back of expected higher exports, stronger domestic demand, a return of investor confidence, and improving consumer confidence, said Deputy Prime Minister Datuk Seri Najib Tun Razak.
Five years into an oil price boom, social tensions and growing populations mean Organisation of Petroleum Exporting Countries (Opec) states need to invest more heavily, but public sector spending is eroding the windfall and storing problems for the future.
THE country#8217;s biggest cold-rolled coil (CRC) manufacturer, Ornasteel Holdings Bhd, is not only gearing up for its listing on Bursa Malaysia next month, but it is also giving other local steel producers a stiff fight for a larger slice of the RM2.8bil CRC domestic market.
Malaysia's economy is expected to remain robust despite rising inflation rates, Standard Chartered Bank Malaysia Bhd (Stanchart Malaysia) chief executive officer Shayne Nelson said.
The 12% hike in electricity tariff is not expected to impact Malaysia's gross domestic growth (GDP) or significantly burden the majority of people in the country.