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Friday, 14 February 2020

(The Star) MIDF: Economy to grow 4.5% in 2020

KUALA LUMPUR: MIDF Research expects Malaysia’s economy to grow 4.5 per cent this year contributed by steady domestic demand and recovery in mining and construction sectors.

The research house said although the mining sector remained in negative territory in the fourth quarter of 2019 but the sector has showed some improvement and is expected to continue to recover this year as the impacts from supply distribution wane.

“In addition, Petroliam Nasional Bhd announced that its second floating LNG (PFLNG) unit is expected to be operational in the second quarter of this year, giving an impetus to the mining sector, ” it said in a research note yesterday. — Bernama