Business : Malaysia Able To Meet Growth Forecast This Year — RAM

BANGI, Jan 21 (Bernama) — Malaysia is able to achieve the government’s growth forecast of between 4.5 and 5.5 per cent this year as its economic fundamentals are strong, said RAM Holdings Bhd.

Its group chief executive officer, Datuk Seri Dr K. Govindan, said Najib’s assurance yesterday that Malaysia was not in crisis and the measures announced would cushion the country from external uncertainties.

“The 11th Malaysia Plan is coming up in May. This will give the government opportunity to focus on structural issue,” he told a media briefing here Wednesday.

Prime Minister Datuk Seri Najib Razak yesterday announced a number of proactive measures to ensure Malaysia’s growth, development and deficit ambitions remained on track in responding to changes in the global economic landscape.

In his special address, Najib said the goverment remained confident that the country’s gross domestic product would grow by between 4.5 and 5.5 per cent in 2015.

Najib, who is also finance minister, said the current account would remain in surplus this year while the ringgit exchange rate would, over time, adjust to reflect Malaysia’ strong fundamentals.

— BERNAMA


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