The outlook for Malaysia’s manufacturing sector in the near-term is expected to be helped by the global and APAC economic outlook for 2017. IHS Global Insight forecasts that the Asia Pacific region will remain the fastest-growing region of the global economy, helped by continued rapid growth in the major Asian emerging markets of China, India and ASEAN. APAC GDP growth is forecast to be 4.7% in 2017, the same pace of growth as recorded for 2016.
IHS Global Insight forecasts that world GDP growth will improve from 2.4% in 2016 to 2.8% in 2017, helped by stronger US GDP growth. Stronger global growth will provide some positive impact effects to Malaysia’s manufacturing sector, which is also being assisted by the renewed depreciation of the ringgit against the US dollar during late 2016.
The financial services industry (FSI) has been flooded with innovation lately, most of it coming from financial technology start-ups identifying creative ways to deliver services digitally. As a result, the eyes and minds of consumers are being opened to new possibilities in banking.
Recent research from Accenture found approximately 72% of millennials are likely to bank with non-traditional financial services companies. The 2015 Frost & Sullivan Malaysia Customer Experience survey also shows that the banking sector has evolved into an online-driven industry where consumers are more motivated to communicate through their primary bank's online platform.
Growing up, both my wife and I were lucky enough to have attended a mixed-race school where Malays, Chinese, Indians and Orang Asli coexisted in harmony. Of course, there were some students who kept to themselves and rarely ventured out to get to know other people of different ethnicity. But those instances were more of a rarity than a norm.
In fact, my wife’s best friend then was Doreen Fong, a lovely girl who would occasionally sleep over at my mother-in-law’s place during the weekends. Doreen, according to my wife, would don a batik sarong and T-Shirt and helped out in the kitchen. And both Doreen and my wife remain good friends till today.