Fortune magazine has named Malaysia as one of the new Lucky Seven emerging countries which will boom in the next 5 years. Malaysia In Malaysia, the incumbent government is trying to stay ahead of increased demand for change. Prime Minister Najib Razak scrapped fuel subsidies and will enact a 6% goods and services tax in April to improve his government’s fiscal position. Najib will likely accelerate his Economic Transformation Program by introducing further tax incentives for foreign investors. Further liberalization of the manufacturing and financial services sectors is likely as well. It’s a fair bet that as growth tapers in China (and the impact of that slowdown is felt in Malaysia), Najib’s government will feel pressure to boost public spending on infrastructure, education, and health care. That’s a good thing—particularly if authorities, as expected, continue to advance a broad fiscal reform agenda, with support from the middle class, to balance the nation’s budget by 2020. ---- fortune/2015/01/22/the-new-world-of-business/?utm_content=buffer9a004&utm_medium=social&utm_source=facebook&utm_campaign=buffer The above is only true if based on the assumption that Fortune Magazine is not owned by Utusan or is a UMNO-BN crony.
Posted on: Mon, 26 Jan 2015 05:15:52 +0000
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