Consequently, GDP growth estimates edge up to 5.6%.
According to OCBC, Minister Yakcop said that the strong momentum in investment growth this year is likely to persist into 2013, especially with strong boost from the private sector.
"Meanwhile, local think-tank MIER has revised its 2013 GDP growth higher to 5.6% from 5.4% previously, up from the estimated 5.1% yoy growth this year," OCBC noted.
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