News Formal

Construction, E&E, Palm Oil, and O&G Industries Expected to Flourish in Malaysia

  • 📰 theSundaily
  • ⏱ Reading Time:
  • 31 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 47%
  • Publisher: 51%

Business News

Construction,E&E,Palm Oil

The construction industry is anticipated to flourish this year, followed by electrical and electronic products (E&E), palm oil, and oil and gas (O&G). StashAway Malaysia country manager Wong Wai Ken expects the construction industry to improve throughout the year, with big projects kicking off again. He also mentions the steady growth of the E&E, palm oil, and O&G industries. Additionally, he anticipates the local currency to remain steady or strengthen slightly and highlights the soundness of the local banking system.

The construction industry is anticipated to flourish this year, followed by electrical and electronic products (E&E), palm oil, and oil and gas (O&G). According to StashAway Malaysia country manager Wong Wai Ken, he observed that the construction industry seems to be recovering of late and expected it to improve throughout the year. The company is a Securities Commission-licensed investment platform designed for portfolio and wealth management.

“Big projects seem to have kicked off again and that should be good for the construction industry, which has been quiet for the last few years. E&E, palm oil and O&G industries are steadily growing,” Wong toldOn the weakening ringgit, he anticipated the local currency to remain steady or strengthen slightly. At the same time, he pointed out that the local banking system is sound. “Foreign direct investment, that's very bullish for the Malaysian economy. More investments into our country means there's more demand for ringgit, our fiscal position as well as our import and export position gets bette

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 25. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Action will be taken against companies that discriminate against M'sian palm oil, says JohariIn the puzzle game Lil Guardsman, you are young Lil, a 12-year-old girl who takes on her father’s job as a guardian of the kingdom. In this role of fantasy world border cop, you get to decide who does and doesn’t get to enter the gates.
Source: staronline - 🏆 4. / 75 Read more »

Growth seen in Malaysian palm oil industry this year due to positive outlookIn the puzzle game Lil Guardsman, you are young Lil, a 12-year-old girl who takes on her father’s job as a guardian of the kingdom. In this role of fantasy world border cop, you get to decide who does and doesn’t get to enter the gates.
Source: staronline - 🏆 4. / 75 Read more »