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RHB Research Expects Malaysia's 2017 Real GDP To Grow By 5.3 Per Cent
Last update: 12/10/2017

KUALA LUMPUR, Oct 12 (Bernama) -- RHB Research Institute expects Malaysia's real gross domestic product (GDP) to grow by 5.3 per cent in 2017, before inching up to 5.4 per cent for 2018 from 4.2 per cent in 2016.

The research house said the findings were on the back of† the robust pace of industrial activities, as the Industrial Production Index (IPI), continued to improve by†6.8†per cent to 133.2 in August from 124.7 recorded in the same month last year, according to figures released by the†Department of Statistics (DoS).

"There was†a pick-up in mining activities, while manufacturing output remained robust during the month. Given the strong industrial and external activities, Malaysia's real GDP may surprise us on the upside in the third†quarter 2017," it†added,†in a research note today.

RHB Research†said the†stronger growth in 2018 would likely be supported by a stronger increase in exports, pick-up in domestic demand, and modest increase in public spending and investments.

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MIDDAY, THURSDAY, FEB 22
US 3.9170/9200
S'pore 2.9556/9587
100 Yen 3.6488/6533
Sterling 5.4485/4535
Euro 4.8081/8134
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?
 

 
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