Malaysia's economy expands 5.6 pct in Q1 on steady domestic demand

STORY: Malaysia's economy expands 5.6 pct in Q1 on steady domestic demand DATELINE: May 13, 2023 LENGTH: 00:03:41 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of Kuala Lumpur Twin Towers and city street views 2. various of tourists at Saloma Bridge, Kuala Lumpur 3. various of Malacca City 4. various of Langkawi Island 5. various of beaches in Malaysia 6. various of Kuantan Port STORYLINE: The Malaysian economy expanded 5.6 percent year on year in the first quarter, driven mainly by domestic demand, official data showed Friday. The Malaysian Central Bank said in a statement that further improvement in the labor market, with strong growth in employment and continued expansion in wages, have supported private consumption spending. Meanwhile, investment activity was underpinned by capacity expansion and continued implementation of multi-year projects. Inbound tourism continued to recover, lifting services exports and partially offsetting the slower goods export growth. On the supply side,