Malaysia’s GDP Can Record 5% Or More This Year – Irwan Serigar
Treasury Secretary-General Tan Sri Dr Mohd Irwan Serigar Abdullah said the Malaysian economy can record five per cent gross domestic product (GDP) growth or higher this year, based on the country’s first-half performance. He said “The country’s economy is performing well, and I personally think we can achieve five per cent or more in GDP growth, backed by the strengthening economic environment, the increase in exports and investments, and job creation.
Exports Of Malaysia’s Palm Oil, Palm Oil Products To Exceed RM70 bln This Year
Malaysia’s export of palm oil and palm oil products this year is expected to exceed RM70 billion from the RM67 billion registered last year. Europe, India and China remains the top three importing countries. Minister of Plantation Industries and Commodities Datuk Seri Mah Siew Keong said palm oil production is also expected to increase to 19.5 million tonnes this year from 17.6 million in 2016. He added that Malaysia is stepping up efforts to find new potential markets in ASEAN like the Philippines, which imported about RM1 billion worth of palm oil, and the Middle East.
Call to Set Up Task Force To Oversee Affordable Housing Programme
The National House Buyers Association has proposed an affordable housing task force to oversee affordable housing programme to boost house ownership among Malaysians. Its Secretary-General, Chang Kim Loong, said the task force would coordinate and act as a single umbrella with the collection of data and having a database in the planning stage, construction stage and completed ones. “It should include the big developers. They must be the forerunners as the task force must also benefit them.
Rehda Hopes For Year-end Launch Of Revised National Housing Policy
The Real Estate and Housing Developers’ Association (Rehda) hopes the government will launch the revised National Housing Policy, which, among other things, would emphasise on the price for the affordable houses, by year-end. Rehda patron and former President, Datuk Ng Seing Liong, said the association was currently working with the Ministry of Urban Wellbeing, Housing and Local Government to standardise the prices for affordable houses in the country.