Economy Expands By 5.9 Pct In 2006

Malaysia’s economy last year grew at 5.9 percent, beating earlier forecasts as the fourth quarter growth of 5.7 percent rounded up a year of increased activities in all major sectors.

The encouraging growth figure which was higher than the government’s earlier prediction of 5.8 percent compared with 5.2 percent in 2005 was marked by Malaysia’s impressive trade sector which chalked up a value in excess of RM1 trillion.

For this year, prospects remain favourable.