OCBC sees Msia's economy grow at 5.2% in 2013

Oversea-Chinese Banking Corp (OCBC) sees Malaysia's economy growing at 5.2 per cent in 2013, slightly above its estimation of 5.1 per cent for the full-year of 2012.

Its economist, treasury research and strategy global treasury, Gundy Cahyadi, said Malaysia's economy was likely to remain strong supported by its domestic demand.

"The Malaysian economy has performed well so far this year and continues to outperform our expectation. We are now saying the economy will grow at 5.1 per cent for full year of 2012 and 5.2 per cent next year," he told reporters after a briefing of the 2013 Economic Outlook yesterday.

He said investment boom has been among the factors behind the growth of the Malaysian economy.

"We have seen the investment growing by over 20 per cent in the first three quarters of the year in Malaysia," he said.