What keeps the Malaysian economy ticking
Explore the engines propelling Malaysia's economic growth, from palm oil to manufacturing, services, and oil & gas. Learn how these sectors intertwine to forge a path of prosperity for the nation.
Watch the full video here: https://youtu.be/y4WOYNrszms
Read More: https://www.freemalaysiatoday.com/category/nation/2024/07/11/what-keeps-the-malaysian-economy-ticking/
Laporan Lanjut: https://www.freemalaysiatoday.com/category/bahasa/tempatan/2024/07/11/sektor-penggerak-ekonomi-malaysia/
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Watch the full video here: https://youtu.be/y4WOYNrszms
Read More: https://www.freemalaysiatoday.com/category/nation/2024/07/11/what-keeps-the-malaysian-economy-ticking/
Laporan Lanjut: https://www.freemalaysiatoday.com/category/bahasa/tempatan/2024/07/11/sektor-penggerak-ekonomi-malaysia/
Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.
Subscribe to our channel - http://bit.ly/2Qo08ry
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NewsTranscript
00:00The Malaysian economy has witnessed significant growth this year,
00:04with its GDP surging from 2.9% in the previous quarter to 4.2% this year.
00:11Experts are confident that Malaysia can build on its current momentum,
00:15achieving a GDP growth of at least 4.5% this year and surpassing last year's 3.6%.
00:22Four sectors have been identified as the key drivers of Malaysia's economy.
00:27Palm oil, manufacturing, services, and oil and gas.
00:33The services sector is the most lucrative of them all,
00:36accounting for nearly 55% of GDP growth yearly.
00:40Another significant contributor is the oil and gas industry,
00:44generating around RM300 billion each year.
00:47Shell, formerly known as Marcus Samuel & Company,
00:51was the first to discover oil in Miri in 1910.
00:54Over time, other major companies like Hess Corporation and ExxonMobil
00:58have joined Shell in investing in Malaysia's oil and gas industry,
01:02where Petronas is now in the lead.
01:04Watch the full video only on FMT.