MALAYSIA’S economy grew by 4.4% in the second quarter of this year, bolstered in large part by rising domestic demand—particularly household spending—according to Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali.
He noted that the services sector remained a key driver of growth, led by subsectors such as wholesale and retail, and food and beverages.
“Domestic demand, including household expenditure, increased by 5.3%, which not only reflects a stable level of consumer purchasing power but also underscores the vital role of the services sector,” Armizan told reporters at the launch of the National Month promotional menu at Ali, Muthu & Ah Hock Kopitiam, where the brand was also recognised by the Malaysia Book of Records.
Data released by Bank Negara Malaysia (BNM) yesterday confirmed that the services sector recorded a 5.1% growth in the second quarter, up slightly from 5.0% in the first.
At the same time, inflation was successfully contained, declining to 1.3% in the second quarter compared to 1.5% in the preceding quarter.
“This reflects not only the government’s effectiveness but also strong support from the private sector in maintaining stable supply and managing inflation well,” Armizan said.
Looking ahead to the 13th Malaysia Plan (RMK13), he said the government would focus on strengthening micro, small and medium enterprises (MSMEs), which currently contribute nearly 50% of the country’s GDP.
He highlighted the need to enhance MSME performance in sectors like food and beverage, including the adoption of digital technologies and strengthening of market access through halal certification.
“Halal certification is not only crucial for Muslim consumers but also serves as a benchmark for food safety and cleanliness. It has the potential to attract foreign tourists who value high hygiene standards,” he explained.
He added that the government, through the Department of Islamic Development Malaysia (JAKIM), is working closely with relevant agencies to expedite the halal certification process. - August 17, 2025
.jpeg)
