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Private consumption is projected
to grow at 7.8% on the back of
rising disposable income, positive
wealth effects, improving
employment market, firm
commodity prices and positive
consumer sentiments. In tandem,
private investment is also
expected to rebound in 2005
given renewed business
confidence amidst sustained
foreign direct investments inflows
and favourable export trends.
The optimistic local sentiment is
further buoyed by the continued
prospects that lie in China and
India, with positive impact spilling
over into the region. As a result,
trade within the region, especially
South East Asia, grew healthily
and is expected to augur well for
the Group.
Growth rates of 2.3% and 1.4%
are expected for the agriculture
and construction sectors
respectively. Manufacturing is
expected to report a steady
growth of 7.5% and services
5.7%. Barring unforeseen
circumstances, the Boustead
Group is confident that these
indicators signal overall growth
for the national economy and
naturally this will have a positive
effect on the Group’s divisions.
Clonal planting at the
pre-nursery.
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