Malaysia's transformation

Malaysia’s economic transformation: One year on

Invest Malaysia came to Hong Kong yesterday to give a one-year report on its plan to join the rich world by 2020.

Idris Jala, Malaysia’s moderniser-in-chief, was in Hong Kong yesterday to give investors an update on the country’s economic transformation programme, which carries the lofty goal of turning Malaysia into a high-income nation by the end of the decade

According to the plan, Malaysia will need to add 3 3 million people to its workforce, grow its economy by 6% a year and attract $444 billion of investment (hence the trip to Hong Kong) during the coming decade to reach its targeted gross national income (GNI) of $523 billion by 2020 — or $15,000 per capita, up from $6,700 today

“The plan is to make us all rich for a very long time,” said Jala, during...

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