Friday, February 6, 2009

Breaking News-RTRS-UPDATE 1-Malaysia 2nd economic stimulus to come by March-source

KUALA LUMPUR, Feb 5 (Reuters) - Malaysia is set to introduce a second round of spending in February or March and it will be far more wide-ranging than the first fiscal boost announced last November, a source familiar with government thinking said.
The Malaysian government, which is forecasting economic growth of 3.5 percent this year, will also revise its forecasts in the light of weaker exports, lower commodity prices and an expected fall in foreign investment, the source said.