ID :
162317
Sat, 02/19/2011 - 13:42
Auther :
Shortlink :
https://oananews.org//node/162317
The shortlink copeid
MALAYSIA CAN REPEAT STRONG ECONOMIC PERFORMANCE IN 2011
JASIN (Melaka, Malaysia), Feb 19 (Bernama) -- Prime Minister Najib Razak
says Malaysia is capable of repeating its strong economic performance this year
if the growth momentum continues although faced with uncertain external
challenges.
He said the 7.2 per cent economic growth registered by the country last year
was the highest achievement over 10 years and was driven by the two stimulus
packages as well as the management of country's financial and banking system by
Bank Negara Malaysia, the country's central bank.
"Due to the confidence level in the Economic Transformation Programme (ETP)
we were also able to achieve more than what we exected. We had target six per
cent but achieved 7.2 per cent.
"I believe if we can continue the momentum, we will be able to notch another
impressive performance in 2011, although the external demand or market may make
it more challenging to achieve what we have targeted," he told reporters here
Saturday.
Najib, accompanied by his wife Rosmah Mansor, was on a working visit to
Melaka Saturday.
Also present was Chief Minister Mohd Ali Rustam.
Bank Negara announced yesterday that Malaysia's economy had registered a 7.2
per cent growth last year, the highest since 2000, following a recovery in the
manufacturing and services sectors as well as brisk exports and exports.
The government, which implemented a RM67 billion (US$21.61 billion) stimulus
package two years ago to boost the economy severely affected by the global
downturn, had earlier forecast the gross domestic product (GDP) to grow by more
than 6.0 per cent last year.
The growth forecast for this year is between 5.5 to 6.0 per cent.
Najib, who is also the Finance Minister, said domestic demand was strong
"We can see this from the increase in domestic investments and also Foreign
Direct Investments while consumption expenditure is also continuing to rise at a
high rate with inflation still under control at two per cent," he added.
Najib said the cheerfulness seen among the people of Merlimau, showed that
whether in the towns or outskirts, everyone had received the spillover effect of
the economic growth.
"Those who are smallholders have profited from the rise in the price of
rubber and palm oil and this means, the wealth of the country is being
experienced by the people," he added.
says Malaysia is capable of repeating its strong economic performance this year
if the growth momentum continues although faced with uncertain external
challenges.
He said the 7.2 per cent economic growth registered by the country last year
was the highest achievement over 10 years and was driven by the two stimulus
packages as well as the management of country's financial and banking system by
Bank Negara Malaysia, the country's central bank.
"Due to the confidence level in the Economic Transformation Programme (ETP)
we were also able to achieve more than what we exected. We had target six per
cent but achieved 7.2 per cent.
"I believe if we can continue the momentum, we will be able to notch another
impressive performance in 2011, although the external demand or market may make
it more challenging to achieve what we have targeted," he told reporters here
Saturday.
Najib, accompanied by his wife Rosmah Mansor, was on a working visit to
Melaka Saturday.
Also present was Chief Minister Mohd Ali Rustam.
Bank Negara announced yesterday that Malaysia's economy had registered a 7.2
per cent growth last year, the highest since 2000, following a recovery in the
manufacturing and services sectors as well as brisk exports and exports.
The government, which implemented a RM67 billion (US$21.61 billion) stimulus
package two years ago to boost the economy severely affected by the global
downturn, had earlier forecast the gross domestic product (GDP) to grow by more
than 6.0 per cent last year.
The growth forecast for this year is between 5.5 to 6.0 per cent.
Najib, who is also the Finance Minister, said domestic demand was strong
"We can see this from the increase in domestic investments and also Foreign
Direct Investments while consumption expenditure is also continuing to rise at a
high rate with inflation still under control at two per cent," he added.
Najib said the cheerfulness seen among the people of Merlimau, showed that
whether in the towns or outskirts, everyone had received the spillover effect of
the economic growth.
"Those who are smallholders have profited from the rise in the price of
rubber and palm oil and this means, the wealth of the country is being
experienced by the people," he added.
