KUALA LUMPUR, Dec 30 (Bernama) —
To quote:
Dato’ Sulaiman Mohd Tahir, Group CEO, AMMB Holdings Berhad
QUOTE
As we embark on a new decade, I look forward to 2020 with optimism. Although external headwinds and the US-China trade dispute continue to impact the global economy, I am encouraged by prospects ahead for Malaysia. Consumer and tourism-related industries remain potential areas of growth, in addition to the potential rollout of construction and infrastructure projects which could provide positive spillover effects to the manufacturing and services sectors. The 2020 National Budget is also expected to act as a catalyst, given its strong focus on development expenditure to support growth and improve sentiments.
As an attractive investment destination, Malaysia is set to continue to benefit from Foreign Direct Investment (FDI). Testament to this, for the first half of 2019, approved FDI increased by 97% to RM49.5 billion from RM25.1 billion in the same period last year, which is certainly promising.
