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Malaysia’s GDP to grow 5%-5.5% next year [24-12-2012]  
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Deputy Finance Minister Datuk Donald Lim Siang Chai is positive that Malaysia's gross domestic product (GDP) growth will reach between five per cent and 5.5 per cent next year.

He said the growth would be driven by domestic demand, as well as more inflow of income from the construction, tourism and services sectors.

“On fiscal deficit, we expect it to be reduced to four per cent or below next year, from the current 4.7 per cent,” he told reporters after witnessing a mock cheque presentation from Quill Capita Management to MyKasih Foundation today.

The government has targeted to reduce the country's fiscal deficit to three per cent by 2015.

Commenting on the cheque presentation, Lim said he hoped more contributions like these could be made possible in the future to ease the burden of students from the low-income households.

Quill Capita Management, the manager of Quill Capita Trust (QCT) today launched its MyKasih Love My School Bursary Programme for Sekolah Kebangsaan Selayang Baru Satu.

Quill Capita Management Interim Chief Executive Officer Yong Su Lin presented a cheque for RM60,900 to MyKasih Foundation Chairman and Co-Founder Dr Ngau Boon Keat at the school.

Ngau said under this programme, QCT's contribution would benefit 70 selected students from the school, enabling them to draw a monthly allowance of RM60 each for one year school period, to purchase school books, stationeries and food at the school canteen.

“With the support of the ministry, we have helped more than 1,200 families in Selayang to date through our other programme, MyKasih Love My Neighbourhood, compared with 25 families in December 2008. “Nationwide, over 70,000 families have benefitted from this programme,” Ngau added.

QCT has also allocated RM10,500 of its total contribution to assist the 70 students to prepare themselves for the new school term, whereby RM150 would be credited to their MyKasih Student Smart Cards.

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