Ekovest Bhd Plans to Rise Together With Malaysian Economy According to BAC Report07 Jan 2012 • by Natalie Aster
LONDON – Ekovest plans to further gain in net incomes in 2012. In 2011, the global economy is expected to show moderate expansion, continuing this trend in 2012. Europe's worsening debt crisis and sluggish growth in the world's developed economies will impact growth prospects in the nearest future. Despite these uncertainties coming from outside world, the Malaysian economy is expected to expand between 5% and 6% in 2011, driven by private investment and consumption, as well as exports. The manufacturing and services sectors are expected to contribute significantly and strengthen in the coming year.
The Government bets on accelerating the nation's transformation process by ensuring projects and programs under the Tenth Malaysian Plan. A sum of MYR 28.3 billion has been allocated between infrastructure, industrial, agricultural and rural development sectors.
Greater Kuala Lumpur National Key Economic Activity is another major project requiring huge expenditures. These developments are to generate a significant multiplier effect on domestic production through better connectivity (urban infrastructure projects such as the Mass Rapid Transport system) and increased financial flows (incentives to accelerate the development of Kuala Lumpur International Financial District).
The Government in its 2012 budget has allocated MYR 850 million for infrastructure support. This is supposed to warm up Malaysian competitive industries as well as foreign investors.
Other details on the company’s present activities, risk areas, investment fields and experts’ forecasts can be found in the report “Ekovest Bhd Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” recently published by Market Publishers Ltd.
Title: Ekovest Bhd Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Dec, 2011
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