Najib Confident on Momentum Second Quarter Will Continue : Malaysia Reclaim its glory of Asian Tiger Economy!

In parliament today (12 June 2014)  Prime Minister Datuk Seri Najib Tun Razak is confident the nation’s economic growth will be maintained in the second quarter of the year driven by political stability and investors’ confidence towards government policies.

 Two keyword highlighted by NaJib is Political Stability and how Investors Confidence towards government policy. In my view it is a  gentle reminder for the rakyat to together not to threats the stability that we have been build for so long. It is a reward for Malaysian beside of political differences, we still choose democracy instead of street to change the government.

He said the momentum would also be spurred by vibrant domestic activities coupled with a competitive export sector in the first quarter.

                             

“Godwilling, this encouraging development will help the economy reach the target growth of more than five per cent this year.

“This target is in tandem with the 5.2 per cent forecast by the International Monetary Fund for 2014,” he said in Parliament today.

Najib was replying to a question from Datuk Shamsul Anuar Nasarah (BN-Lenggong) who asked about Malaysia’s current economic performance and how the country was fairing against its neighbours.

Malaysia also become favoured country among ASEAN to get FDI might because of conflict that occurs in Thailand. The potential investors that initially wanted to invest there might shift their intention to Malaysia Instead. This is again to stress how important of political stability contribute to Malaysia Economic Growth.

Najib, who is also Finance Minister, said the economy showed an encouraging trend in the first quarter with real Gross Domestic Product registering a growth of 6.2 per cent. He said this was the highest GDP growth recorded since the fourth quarter of 2012.

“In fact, this growth was better than that recorded by the Philippines (5.7 per cent), Indonesia (5.2 per cent), Singapore (5.1 per cent) and Thailand (-0.6 per cent).

 Even strong economic country such as Singapore cannot compete with Malaysia GDP growth. This is something that rarely happen and Malaysian should be proud of. 

“This performance was supported by robust domestic activities and favourable external factors,” he added.

Najib also said the sterling performance was a result of the Government Transformation Programme, high level of domestic savings, strong international reserves, resilient banking system, low unemployment and inflow of rapid foreign investments.

With Malaysia effort to lead the market and protecting Industry with GTP,it really shows that the economy need a Big push from the state to boost. Malaysia indeed stil The Asian TIGER!