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NEWS UPDATES 28 March 2010

Malaysia sees higher than expected growth this year

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Credit Suisse group is forecasting a more bullish outlook for Malaysia with a gross domestic product of 6.0 percent this year compared with Bank Negara Malaysia's (BNM) estimate of 5.5 percent, reported .

It also expects more senior investors to come to Malaysia for in-depth research on local listed companies following Prime Minister Datuk Seri Najib Tun Razak's address at the Asian Investment Conference in Hong Kong last week.

"They now better appreciate that he is a prime minister who means business, but also respects the fact that he faces a Herculean task in reforming Malaysia," said Stephen Hagger, country manager & head of equities for Credit Suisse in Malaysia.

He said that a key takeaway was that Prime Minister Najib understood what the market wanted, but has to balance that with socio-political considerations and getting elected.

"PM Najib's visit to Hong Kong served as a timely reminder to many investors not to forget about Malaysia," he told Bernama in response to questions sent via e-mail.


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