Post by : Shakul

Bank Negara Malaysia (BNM) has expressed confidence in the country’s economic resilience, stating that Malaysia remains on strong footing despite the ongoing crisis in the Middle East. Deputy Governor Marzunisham Omar said multinational companies have reaffirmed their commitment to continue investments in Malaysia, particularly in high-growth sectors such as data centres.

Speaking at an economic forum in Kuala Lumpur, Marzunisham highlighted that foreign investments, along with robust exports in electronics and semiconductors, continue to support the economy. He added that tourism and domestic consumption also play a key role in maintaining growth momentum, even as global uncertainties create headwinds.

BNM projects Malaysia’s GDP growth to remain between 4% and 5% in 2026, supported by strong consumer spending, wage growth, and sustained investment activity. The central bank also expects inflation to stay moderate, although it warned that prolonged geopolitical tensions could still disrupt energy supplies and push prices higher.

Despite concerns raised by policymakers about potential economic risks, Malaysia is currently weathering global shocks from a position of strength. Authorities continue to monitor developments closely, with contingency plans in place to address any further escalation in global energy prices or supply chain disruptions.

#Global News #Business News #Malaysia News #Economic News