Malaysia’s economy to be driven by ongoing mega projects in second half of 2019, says expert | Malay Mail

PublishedAccording to Maybank Kim Eng Group economist, Lee Ju Ye, Malaysia saw its foreign direct investment approval surging strongly at around 100 per cent in 2018 as well as in the first quarter of 2019, with more firms interested in relocating to Malaysia. — Picture by Choo Choy May

“So, I think we’re quite cautious over the second half, because there is so much downside risks.But, having said that, Malaysia in the longer term, will benefit from all the investments and trade diversion coming from China-US trade conflict,” she told reporters on the sidelines of the Maybank Investment Bank Market Outlook, Second Half 2019 here, today.

“Malaysia’s third quarter gross domestic product was a surprise on the upside at 4.9 per cent, higher than consensus estimates at 4.7 per cent and I think this is positive news for the country. “ would really depend on how things play out between China and the US over the next few months. We don’t expect to see a recession yet in 2019, but in 2020, it does look possible if the two countries continued to spar on trade as well the technology side.

Meanwhile, Maybank Investment Bank Bhd’s chief executive officer Fad’l Mohamed said that mergers and acquisitions activity will be a recurring theme for Malaysian corporates in the second half of the year.

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