MALAYSIA'S ECONOMY SURGES 6.4% IN SECOND QUARTER

Malaysia's economy grew a better-than-expected 6.4% in the second quarter on the back of stronger exports and robust domestic demand, the central bank said on 15 August 2014.

Southeast Asia's third largest economy said exports jumped 14.2% in the three months through June compared to the same quarter last year, which saw slack external demand for Malaysian goods.

Private investment, especially in the services and manufacturing sectors, surged 12.1%, while private consumption grew 6.5% in the quarter year-on-year, the bank said.

"Exports and private sector activity remained the key drivers of growth during the quarter," Bank Negara said in a press release.