Govt bullish on Malaysia’s Q2 GDP prospects, says finance minister | Malay Mail

Lim said that low and stable inflation, industrial production growth, better exports in May, as well as the expansion in wholesale and retail sales in January-May were indicators for healthy Q2 2019 results. — Ahmad Zamzahuri

KUALA LUMPUR, July 26 — The government is optimistic about the prospects of a sustainable gross domestic product growth in the second quarter of this year , said Finance Minister Lim Guan Eng. In a statement today, he said Malaysia’s economy grew 4.5 per cent year-on-year in Q1 2019, adding that low and stable inflation, industrial production growth, better exports in May, as well as the expansion in wholesale and retail sales in January-May were indicators for healthy Q2 2019 results.

“The government will continue to prioritise economic growth and will even consider an expansionary budget to ensure the rakyat’s economic well-being and achieve our economic goal of shared prosperity,” he said.Lim said the Malaysian industrial production index exceeded the market consensus for the third month in a row when it grew by 4.0 per cent y-o-y in May, beating the market projection of 3.5 per cent y-o-y.Meanwhile, Lim said Malaysia’s inflation in June 2019 increased to 1.

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Finance Minister and Sarawak govt on the same page over debt repayment, Pua says | Malay MailKUALA LUMPUR, July 25 — The Sarawak state government has already agreed that it must repay its debts before any allocations can be given for school repair works, Tony Pua said today. Pua, who is political secretary to Finance Minister Lim Guan Eng, said that Putrajaya’s stand on the matter...
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