ASEAN KEY DESTINATIONS
Malaysian growth can top 6 percent
"We started with six percent, so we will go beyond six percent. In fact, most analysts have predicted seven per cent or slightly beyond seven per cent this year," he told reporters after delivering a keynote address at the Global Business Leaders Forum 2010 here Monday. On the third quarter GDP to be announced by Bank Negara Malaysia later today, he said: "I don't want to steal the thunder because the announcement will be made. I know the figures."
"In the second quarter, we hoped to sustain our growth rate albeit with a slightly lower percentage due to the external environment, meaning the manufacturing sector's growth hinged on the demand from advanced countries.
"Their economy did not grow at an encouraging rate, that's why our manufacturing sector's growth figure is not that high," said Najib, who is also Finance Minister, when asked to comment whether the third quarter would register a higher growth figure. Najib however said the overall growth projections for this year have surpassed the set target.
On the progress of the second phase of the National Economic Model (NEM), Najib said it would be unveiled soon.
"We want to make sure of the strategic reform initiatives (SRIs). They touched on major policy considerations, so they need to be studied very carefully so that once the report comes out, the government has to be comfortable with the recommendations (made)," he said.
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