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

  • Economy
  • Tuesday, 25 Jul 2017

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.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!


Next In Business News

Alliance Bank, CGC allocate additional RM1bil under portfolio under portfolio guarantee schemes to help
Wong You Fong redesignated as non-independent director of Star Media Group
Ringgit trades higher against greenback ahead of key US wage report
IHH's strategic initiatives put it on growth path
Bursa starts on a rebound
Trading ideas: Kimlun, Velesto Energy, Citaglobal and SCIB
Funds chase alternatives in Asian equities as China anxiety grows
Policy backing for private investment in Shanghai
Meta Bright to diversify into leasing of machinery and equipment
Capital A to unveil PN17 regularisation plan

Others Also Read