Malaysia is able to overcome global challenges based on the country's economic position which has the potential to surpass the global Gross Domestic Product (GDP) growth this year.
According to Chief Executive Officer J.P. Morgan, Hooi Ching Wong said the world's leading financial institution sees Malaysia as being on a positive track in dealing with the tight global financial conditions.
In his speech, policy reforms, investment in data centers and infrastructure construction have become the main drivers of the country's economy for now.
Resilient GDP growth and a large current account surplus pushed Malaysia to weather global challenges and grow above global GDP this year.
The statement was issued by UOB Malaysia in conjunction with the organization of an investor meeting session with the Malaysian Government in Singapore last Friday which was jointly organized by UOB Malaysia, CIMB and J.P. Morgan.
The main objective of the session is to strengthen the perception and sentiment of investors towards Malaysia and provide a comprehensive overview of the government's growth strategy, economic prospects and fiscal reforms.
In addition, the UOB Business Outlook 2024 Study shows that Malaysia is the top country where Asean and Greater China giants want to expand their business in the next three years.
Meetings like this can not only strengthen existing cooperation. In fact, pave the way towards an effective strategy and sustainable economic growth for Malaysia
