Malaysia to become high-income nation


  • Business Premium
  • Tuesday, 02 Jul 2019

Economic monitor: Economic Affairs Ministry secretary-general Datuk Saiful Anuar Lebai Hussen (centre), World Bank country director for Brunei, Malaysia, Philippines and Thailand Mara Warwick and United Nations Resident Coordinator for Malaysia, Singapore and Brunei Stefan Priesner at the launch of the World Bank’s latest Malaysia Economic Monitor and the kick-off conference of the 12th Malaysia Plan.
— Bernama

PUTRAJAYA: The macroeconomic challenges faced by Malaysia are expected to continue, but the World Bank has reaffirmed its confidence that Malaysia’s aspiration to become a high-income nation by 2024 remains possible, as long as the country’s gross national income (GNI) per capita continues to grow at a range of 4% to 4.5%.

The Washington-based World Bank also said Malaysia could exceed the high-income threshold as early as 2021.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

MAYBANK'S MOBILE BUS BANKING SERVICE COVERING 2 NEW ROUTES IN PAHANG Premium
Oleon Port Klang to purchase additional land at SHH for RM30.7mil Premium
Asia shares squeeze higher, take brief respite from growth fears Premium
Malaysia end-June palm oil stocks hit 7-month high as exports drop Premium
Thai June inflation hits 14-year high as rate hike looms Premium
FBM KLCI retraces lower on profit-taking Premium
CIMB bags awards for leadership in debt capital markets and Islamic finance Premium
Cagamas concludes Malaysia's first floating-rate bonds based on MYOR reference Premium
MN Holdings accepts RM26.9mil contract at Kulim-Hi Tech Park Premium
Orgabio makes ACE Market debut at 36c/share Premium

Others Also Read