A ROBUST gross domestic product (GDP) expansion of 5.9% in the second quarter of 2024 is a positive indicator that Malaysia is on track to achieve its growth projection of 4-5% for the year.

Investment, Trade and Industry Minister Tengku Zafrul Abdul Aziz said on X that one of the key factors contributing to the GDP growth in the second quarter was a significant increase in private investment, as investors are increasingly confident about the country’s economic prospects.