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PRIVATE INVESTMENT CRITICAL TO PUSH MALAYSIA'S GDP GROWTH.
(From Bernama The Malaysian National News Agency)
from BERNAMA, The Malaysian National News Agency KUALA LUMPUR, Dec 29 (Bernama) -- A revival in private investment, which has been in the slump, is critical to push Malaysia's gross domestic product (GDP) growth above six percent, according to an economist
Chua Hak Bin, vice president and senior regional economist of Singapore-based DBS Bank, said the share of private investment in gross domestic product (GDP) has collapsed to 11.5 percent this year compared to above 35 percent in 1997
"Lower taxes, liberalisation of certain protected sectors particularly in services, and a revival in public infrastructure projects may be part of the solution to revive investment and elevate growth," Chua told Bernama in an e-mail …
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