Malaysian economy grows 5.1pc in Q4

KUALA LUMPUR, Feb 12 (AFP): Malaysia's economy grew a solid 5.1 per cent in the fourth quarter of last year as exports picked up, the central bank announced Wednesday, as economists said rising inflation remained manageable.
Southeast Asia's third largest economy expanded 4.7 per cent for the full year, down from 5.6 per cent for 2012 but in line with the government's forecast, Bank Negara said in a press release.
Fourth quarter growth was "supported by private sector demand and improvement in exports," it said, adding growth was expected to stay on a "steady trajectory".
Exports rose 2.4 per cent in 2013 year-on-year, picking up in the second half due to demand from Malaysia's neighbours, as well as its largest trading partner China. But following the government's moves since September to cut fuel, sugar and other subsidies, which cost it billions and have led to a high debt, complaints of the rising cost of living have grown.