Central bank: Malaysia economy on course for better growth in 2014

Malaysia's economy is on track for a growth of 4.5 to 5 percent in 2013 as domestic demand holds up and exports recover, the country's central bank governor Zeti Akhtar Aziz said, predicting higher growth in 2014. "We saw the latest numbers for exports have turned around to become positive so if that trend continues it will be at the higher end of the 2013 gross domestic product forecast that was given in August," Zeti, 66, said in an interview with Bloomberg. Zeti said the Malaysian currency, ringgit, has been relatively stable compared with other currencies despite the trend of slow growth facing Asian emerging markets. "The domestic sector has been solid and has been the anchor to drive our growth during this more challenging period," noted the Malaysian official.