54604
Malaysia’s Razak Sees $448b Economy in 7 Years
Malaysia’s Razak Sees $448b Economy in 7 Years

Malaysia’s Razak Sees $448b Economy in 7 Years

Malaysia’s Razak Sees $448b Economy in 7 Years

Malaysia’s economy now stands at RM1.3 trillion and has the potential to grow to a RM2 trillion ($448.88 billion) economy. Prime Minister and Umno president Najib Razak said this potential is achievable in seven years if the country’s growth remains at 5% annually, nst.com reported. “Malaysia’s economy today is the size of a RM1.3 trillion economy, and according to plans, I want this RM1.3 trillion economy to reach the level of a RM2 trillion economy. “Calculations show that if growth is at 5% a year, in seven years we will be a RM2 trillion economy. This is why we have initiated big projects, including the KL-Singapore High-Speed Rail link, the Mass Rapid Transit, Light Rail Transit, East Coast Rail Link, Pan Borneo Highway, Pengerang, Bandar Malaysia, Vision Valley and others,” he said in his closing speech at the Umno general assembly Saturday. Najib said the people will naturally benefit from these mammoth projects as high-income jobs will be created.

 

Short URL : https://goo.gl/uc3nw0
  1. https://goo.gl/09LKsB
  • https://goo.gl/ha4eU6
  • https://goo.gl/E9pQMI
  • https://goo.gl/8C09d0
  • https://goo.gl/a6Q907

You can also read ...

Business confidence fell to its lowest level since August 2013 and around 7% of companies expected a contraction.
According to data from the International Monetary Fund in...
China Warned of Ballooning SOEs
Former chief of the World Bank Robert Zoellick cautioned China...
New Zealand Q2 GDP Growth Picking Up
New Zealand’s economic growth is expected to have accelerated...
Shrinking unemployment in the US, Japan and the eurozone finally forces companies  to lift wages to retain and attract staff.
Workers in the world's richest countries are getting their...
Saudi Sovereign Fund Secures $11 Billion Loan
Saudi Arabia's sovereign wealth fund said Monday it had...
Lira Eases Against Dollar
Turkey’s lira weakened against the dollar on Monday as...
By 2025 more than half of all current workplace tasks  will be performed by machines.
Robots will handle 52% of current work tasks by 2025, almost...
Myanmar Businesses Want Lower Taxes
Myanmar businesses are urging the government to lower the...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus