The construction industry is anticipated to flourish this year, followed by electrical and electronic products (E&E), palm oil, and oil and gas (O&G). StashAway Malaysia country manager Wong Wai Ken expects the construction industry to improve throughout the year, with big projects kicking off again. He also mentions the steady growth of the E&E, palm oil, and O&G industries. Additionally, he anticipates the local currency to remain steady or strengthen slightly and highlights the soundness of the local banking system.
The construction industry is anticipated to flourish this year, followed by electrical and electronic products ( E&E ), palm oil , and oil and gas (O&G). According to StashAway Malaysia country manager Wong Wai Ken, he observed that the construction industry seems to be recovering of late and expected it to improve throughout the year. The company is a Securities Commission-licensed investment platform designed for portfolio and wealth management.
“Big projects seem to have kicked off again and that should be good for the construction industry, which has been quiet for the last few years. E&E, palm oil and O&G industries are steadily growing,” Wong toldOn the weakening ringgit, he anticipated the local currency to remain steady or strengthen slightly. At the same time, he pointed out that the local banking system is sound. “Foreign direct investment, that's very bullish for the Malaysian economy. More investments into our country means there's more demand for ringgit, our fiscal position as well as our import and export position gets bette
Construction E&E Palm Oil Oil And Gas Malaysia Economy Investment Currency Banking System
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