May 21 (Bloomberg) — Malaysiaâ€™s central bank is likely to cut the countryâ€™s 2009 economic forecast from an estimate of â€œflatâ€ growth this year, the Singapore Business Times reported, citing Prime Minister Najib Razak.
The gross domestic product revisions will be made as policy makers study the economyâ€™s performance in the first quarter, the paper said.
Malaysia will be flexible in negotiating free-trade agreements with countries such as the U.S. and Australia, even as it remains reluctant to change national objectives such as government procurement contracts to achieve such pacts, the newspaper said, citing Najib.
The Malaysian government will not pursue the resumption of a bridge project to replace the current one linking it to Singapore until both sides are comfortable with the issue, the newspaper said.
Source : Bloomberg