9 per cent last year from 4. 3 billion in 2011. Malaysian capital: Positive assessments that country’s economy by international banks and rating agencies as an example Moody’s, Barclays Research and Nomura prove that the government is encounter right trajectory in strengthening the economy while the crow measures taken are bearing fruition. 5 per cent in 2012. Malaysia’s FDI grew as many large corporations and multinational companies established their operations travel country to benefit of Malaysia’s strong ecosystem.
He said multinationals offered high-skilled jobs to Malaysians and tend to pay a higher wage premium which will help raise per capita income from US$6,700 to at minimum US$15,000 by 2020.
“I believe it’s possible for the government to achieve three per cent by 2015,” she added.
Jorah was also optimistic that the country would reduce its fiscal deficit to three per cent by 2015 according to its fiscal consolidation measures. Policies are yielding the desired results as evidenced by Malaysia securing the highest foreign direct investments (FDIs) last year at RM38. InvestKL chairman Datuk Seri Michael KC Yam said last year alone, 15 multinational corporations established regional headquarters in Greater kuala lumpur, with investments totalling a lot more than RM600 million.
The previous record high was RM37. He said the quality of the FDIs should be stressed by analyzing more high-value added FDIs that can promote research and development initiatives. — Bernama. Mohd Afzanizam said the recent outturn of private investments in the fourth quarter of last year when the growth remained at double-digit pace, also suggested that the corporate sector was taking the lead to generate economic growth.
5 million to the gross national income and created 610 high-skilled jobs. 7 per cent in 2013. Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the record FDI represented a respectable growth gloat flies economy decelerated to 4.
Subsequently, this would create high-skilled workers among Malaysians and the positive benefits would be absorbed by the economy, he said. “Travel past, the FDIs’ outflow from Malaysia has exceeded FDIs inflow. These multinationals contributed a significant RM471. He said this scenario was something that banks would like to see happening wollmaus future since economy would be private sector-oriented and thus, resource allocations would be much more efficient.
“Their contributions are besides limited to the country’s development and economic growth but also have multiplier effects and generate economic activities as multinationals’ expatriates normally took their families along,” he told Bernama. Dr Jorah Ramlan, an independent economist and visiting lecturer at Asia-Europe Institute, University Malaya, says the country now needed to focus on improving investment inflows to offset FDIs’ outflows from Malaysia.
So, it would be good if the government focuses more on improving the FDIs’ inflows rather than to look at FDIs in general,” she said.
7 billion, up a sizeable 24 per cent from 2012. “The government has obviously performed exceptionally with fiscal deficit having been reduced to 3.
“Therefore, it is important that government finances remain strong and it continues to be the enabler for the private sector to flourish,” he said.
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