Malaysia smashes forecasts with 6.2% GDP growth in Q3

The growth was driven by a surge in investment and exports.

Malaysia’s GDP rose 6.2% YoY in Q3, hitting its fastest pace in over three years and beating forecast expectations of 5.7% growth.

A surge in investment which grew 6.7% YoY and exports which rose 11.8% YoY boosted the Malaysian economy this quarter.

The manufacturing sector continues to a big growth driver as it expanded 7% YoY in Q3, driven by large demand in electrical, electronic and optical products sector.

Service sector also performed strongly expanding 6.6% YoY in Q3 whilst private consumption stabilized at 7.2% YoY in Q3, pointing to resilience of domestic demand.

BMI Research notes that political risk is likely to be contained as Prime Minister Najib Razak emerged largely unscathed from several allegations of corruption levelled against him.

“With Najib having consolidated his position, we believe that the upcoming general elections are unlikely to lead to a significant loss in investor confidence towards Malaysia and expect the business environment to remain positive,” the report added.

Malaysia ranked 24th in the World Bank’s Ease of Doing Business report 2018 as it made progress in getting credit, protecting minority investors and cross-border trading.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia