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M'sia's GDP can hit 5pct or more, says treasury sec-gen
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The Malaysian economy can record five percent or more gross domestic product (GDP) growth this year, based on the country's first-half performance, said Treasury Secretary-General Mohd Irwan Serigar Abdullah.

"The country's economy is performing well, and I personally think we can achieve five percent or more in GDP growth, backed by the strengthening economic environment, the increase in exports and investments, and job creation.

"We also see the oil price stabilising at between US$47 and US$50 (US$1=RM4.30) per barrel, and I think the ringgit will be getting better," he said, commenting on a recent Bloomberg report "The Ringgit Is Easily Asia’s Strongest Currency", which said the ringgit was the most stable major Asian currency during the first quarter of this year.

Malaysia's economy recorded 5.6 percent growth during the first quarter of this year, boosted by strong domestic demand and private expenditures...

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