M’sia’s first quarter GDP expands by 5.6pct, better than expected

Malaysia's economy recorded a better-than-expected expansion of 5.6 percent in the first quarter of 2023 (1Q 2023) driven mainly by private sector expenditure.

Bank Negara Malaysia (BNM) governor Nor Shamsiah Mohd Yunus said the growth in 2023 was supported by further expansion of household spending, continued investment activity, an improving labour market, and higher tourism activities...