Malaysia keeps interest rates on hold
The Malaysian economy grew 4.2% in the first quarter compared with the same quarter of last year. Meanwhile, policymakers are confident that the economy will be able to expand by 4% to 4.5% this year while still expecting the first half to show a slower pace of growth compared with the same period of 2015. The economy grew by 5% last year.
Economic activity is expected to improve with domestic demand, which remains the main driver of growth, while private consumption is also expected to expand further owing to higher wages and employment. Infrastructure projects and capital spending in the manufacturing and services sectors will continue to support investment activities, though private investments declined due to a regression in the oil, gas and plantation industries.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Import PE prices fall to lowest in more than a decade across Asia
- Tightness pushes Asian PVC markets to 3-month high
- China’s PE market continues bearish run on sluggish demand
- PP and PE markets turn softer in Egypt, Mid-East
- European PET extends bearish trend into 3rd consecutive month
- European PS, ABS markets down after 4 months
- Thai PP, PE markets subdued by slowing economy, competitive imports
- Vietnam’s PE market extends losses into June on frail demand
- Asian spot naphtha prices pull back from multi-month highs
- China gears up for new PP start-ups in H2 2019