A gradually improving economic climate is expected to support continued retail growth in Malaysia in 2013. However, downside risks from the international environment and political uncertainty may affect economic expansion before the year is through.
Malaysia
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With an election looming and uncertainty over the state of the global economy, Malaysia’s banks may have to work hard to maintain earning levels amid predictions of lower rates of household borrowing growth.
A focus to attract more tourists from growing regional markets will spearhead Malaysia’s efforts to boost visitor numbers in 2013. However, efforts to increase arrivals from certain key segments may not be enough to drive visitor figures up across the board.
While 2013 will produce a number of challenges for Malaysia’s construction sector, including a degree of uncertainty surrounding the approaching election and a shortage of workers, the industry is still expected to post a decent performance this year.
Articles & Analysis | The economic engine: Greater KL is a leader in regional and national growth from The Report: Malaysia 2012
Generating over 37% of GDP and contributing about RM263bn ($84.8bn) to GNI, the Greater Kuala Lumpur/Klang Valley (GKL/KV) region is the prosperous core and the administrative axis of Malaysia’s economic growth. In 2011, the number of people living in the region – which falls under 10 local authorities – hovered at about 6m, or around 20% of the...
Articles & Analysis | Private sector takes over: Following the government’s kick-start, education as enterprise is increasingly becoming the norm from The Report: Malaysia 2012
Over the past 15 years, the private sector has been widely credited as increasing access and choice for education options in Malaysia. However, the picture is more complicated. Everything from government incentives to changes in the public sector, the opening of new niches, and the introduction of private players in the primary, secondary and...