Malaysia making right progress towards high-income nation, says PM

Malaysia should be better positioned to benefit from a recovery in the global economy, particularly trade.

KUALA LUMPUR: Malaysia is making the right progress towards a high-income nation, as its economy continues to go through reforms and grow strongly, Datuk Seri Najib Tun Razak said. 

"Our economy continues to prosper, and we are stronger than ever as a result of the reforms and the programmes the Government has put in place," the Prime Minister pointed out on Tuesday.

"Between 2009 and 2016, Gross National Income (GNI) has increased by nearly 50%, and GNI per capita using the Altas method increased to US$9,850. 

"Based on the World Bank's latest high-income threshold of US$12,235, we have narrowed the gap towards the high income target from 33% to 19%," he said during his keynote address at the 13th Invest Malaysia Kuala Lumpur (IMKL) here.