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Article: Capital formation is back
- Article from:
- New Straits Times
- Article date:
- July 14, 2007
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New Straits Times
07-14-2007
Capital formation is back
Edition: Main/Lifestyle
Section: Business Times
Type: News
AFTER a relapse due to the Asian financial crisis, capital formation in Malaysia has returned and augurs well for the short- and long-term growth of the local economy.
This was notable in several sectors last year including petroleum, manufacturing, transport and telecommunications.
Public Bank, in its economic review dated July 2007, said prospects for capital formation to accelerate are encouraging, given the recent large increase in planned manufacturing investment, Malaysia's high international competitiveness, investment initiatives in the Ninth Malaysia Plan (9MP), high ...