Business »  Topic »  Malaysia's GDP bucks regional slowdown, FX rules eased to boost liquidity

Malaysia's GDP bucks regional slowdown, FX rules eased to boost liquidity


KUALA LUMPUR (Reuters) - Malaysia’s economy grew faster-than-expected in April-June and became the first Southeast Asian nation to report an acceleration in growth from the previous quarter, driven by stronger consumer spending and palm oil production.

The region’s third-biggest economy also loosened currency hedging rules in a push to boost market liquidity and prevent its bonds being excluded from global index provider FTSE Russell’s benchmarks, which has loomed as a major concern for investors.

Central bank data on Friday showed second-quarter gross domestic product grew 4.9% year-on-year, beating the 4.8% forecast in a Reuters poll, and ...


Read the full text reuters