Malaysia's services sector set to grow 5.2pct in 2027
KUALA LUMPUR: Malaysia's services sector is projected to grow 5.2 per cent in 2027, driven by expansion across all subsectors, particularly high-value digital services and tourism-related activities.
Malaysia's services sector is expected to expand by 5.2% in 2027, driven by growth across all subsectors, with high-value digital services and tourism-related activities playing a significant role. The wholesale and retail trade subsector is forecasted to contribute 4.4% to the growth, while the information and communication sector is projected to expand by 7.9%, fueled by increased demand for cloud computing and digitalisation.
The transportation and storage subsector is anticipated to grow by 7.4%, benefiting from trade and logistics activities, as well as the commencement of the East Coast Rail Link and Johor Bahru-Singapore Rapid Transit System Link.
Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
