PETALING JAYA: Mid-sized companies will need to play a major role in realising Asean’s future growth ambition. The region’s Gross Domestic Product reached US$2.89 trillion (RM11.93 trillion) last year, and is expected to surpass the US$4 trillion (RM16.52 trillion) mark by 2023. Specialised regional partners, including international banks with a well-connected network to finance investments and fund cross-border business expansions, can act as growth catalysts to help mid-sized firms explore new sources of finance. “These firms will benefit from banks with multiple market presence to be able to navigate through new business environments. However, with soft global demand and trade, Malaysia’s trade activity will be affected in 2019.

Source: The Star May 01, 2019 00:22 UTC