Breaking News-Malaysia's PM says growth on track, reassure investors

Malaysia, July 7 (Reuters) - Malaysia's economy can hit the official 5 percent growth target this year as the fundamentals are strong, the prime minister said on Monday, vowing to put an end to political uncertainties that have roiled financial markets.

"I think 5 percent is achievable," Abdullah Ahmad Badawi told Reuters in an interview at his office in the administrative capital.

He said the political situation would soon stablise.

Malaysia has been rocked by sodomy allegations against opposition politician Anwar Ibrahim and a fresh assertion by a private detective -- which was abruptly retracted -- linking Deputy Prime Minister Najib Razak to a murder case.

"We will continue to take whatever measures necessary to ensure that the investment climate in Malaysia will continue to be favourable," he said.

"It's not a case of weakening fundamentals. The fundamentals of the economy are still strong."