KUALA LUMPUR (March 2): The Malaysian Government should encourage the use of more locally-manufactured products for mega projects to boost domestic consumption, the Federation of Malaysian Manufacturers (FMM) said. A joint survey by FMM and the Malaysian Institute of Economic Research (MIER) found that Malaysian manufacturers looked forward to more exports than local sales in 2017 after less-than-encouraging domestic consumption of local products in 2016. FMM president Tan Sri Dr Lim Wee Chai said the "Government had heeded FMM's suggestions". "Government spending on local projects will solve the problem in this area. They must have an understanding with local manufacturers to supply goods for the projects," Saw said.

Source: The Edge Markets March 02, 2017 05:18 UTC