Malaysia’s economy in the 2nd quarter of the year grew 4.3%.  This was sustained by domestic demand, inspite of the weak external sector which is expected to stay prolonged.  Domestic demand will be driven by private consumption, capital spending in the domestic industries and the ongoing implementation of infrastructure projects.  In view of this, Bank Negara Malaysia forecast Malaysia’s GDP growth target for 2013 to be in the range of 4.5% to 5%.  

In the past months, we have seen weak external demand growth as reflected in our slowing exports, weak commodity prices and concerns over currency volatility and the global financial stability.  Going forward, we need to be vigilant of the oncoming headwinds and  global challenges.  Translating this to our businesses, we must navigate these challenges with a clear and focused goal.  Through MASSA, we endeavor to link our members and readers to the latest news in emerging markets, the practical tips, expectation gaps and realist strategies of avoiding common pitfalls and potholes of operating in these emerging markets. All these can contribute towards business success.

MASSA is grateful for the continuing support of our Government, especially from MITI and its agencies, MOFA and our Malaysian diplomatic missions in the developing countries.

I also want to thank all members of the MASSA Executive Committee for 2013/2015 who were re-elected at MASSA’s last Annual General Meeting held on 13 June 2013.  Your commitment to serve is a testimony that business opportunities remain to be tapped in the developing countries of the South.

TAN SRI AZMAN HASHIM

President