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...

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