We must acknowledge that Singapore is a more developed economy that offers better legal and business-friendly policies to multinational corporations (MNCs) wishing to locate or relocate their senior management teams.
Signs are pointing to a lower gross domestic product (GDP) number for the second quarter of this year (2Q23) but the economy is expected to be supported by domestic consumption, according to economists.
KUALA LUMPUR: Prominent economist Anthony Dass believes that Malaysia's economy has "somewhat come out of the woods”, thanks to the clear governance, better confidence from domestic consumers and businesses, and improving engagement with foreign investors and the local business community by Prime Minister Datuk Seri Anwar Ibrahim.
KUALA LUMPUR (Dec 13): AmBank Group Research expects Malaysia’s manufacturing to grow moderately in 4Q2022, adding that this would weigh on the overall economic performance during the quarter. In a note on Tuesday (Dec 13), AmBank group chief economist and head of research Dr Anthony Dass said the country’s October’s industrial production slowed down to 4 6% year-on-year (y-o-y) (10.8.% y-o-y in September), the slowest growth since May 2022.