Malaysia's economy grows 4.2 pct in first quarter

KUALA LUMPUR, May 17 (Xinhua) -- The Malaysian economy grew at 4.2 percent in the first quarter, driven by stronger private expenditure and positive turnaround in exports, the country's central bank said Friday.

Bank Negara Malaysia (BNM) said in a statement that household spending was higher amid continued growth in employment and wages.

Meanwhile, better investment activities were supported by higher ca