Kuala Lumpur (VNA) – Malaysian Prime Minister Datuk SeriIsmail Sabri Yaakob has expressed his confidence that the Malaysian economy willnot be badly affected compared with other countries although there is a globaleconomic slowdown.
Ismail Sabri said his confidence brews from the fact thatMalaysia is able to sustain its economic situation after a positive growthshown this year.
He cited the country’s positive GDP of 8.9% in the secondquarter of 2022 compared with 5% in the first quarter of 2022.
The achievement recorded is the best in the South East Asianregion. The confidence in the country’s economy also stems from the positivityshown by foreign direct investment, he said, adding that in the first half of thisyear, registered FDI was 41.7 billion RM (9 billion USD) compared with 23.3billion RM during the COVID-19 pandemic./.
Malaysia: Financial activities, stock market remain stable
Malaysia's financial system and equity market have continued to function in a sound and orderly manner without any disruption to financial intermediation, according to Malaysian Finance Minister Zafrul Abdul Aziz.