Sign up | Log in



Home  >>   Daily News  >>   Malaysia  News  >>   Economy  >>   Challenges loom for Malaysia
NEWS UPDATES Asean Affairs        5  May 2011

Challenges loom for Malaysia

Related Stories

April 30,2011
Malaysian PM calls for reform

April 27, 2011
Malaysian currency to reach 2.93 per US$ soon

April 25,2011
Malaysian ringgit on a roll

April 22, 2011
No rate increase in Malaysia

April 19, 2011
Indonesia’s economic development plan

April 13, 2011
Indonesia should hike rates soon 

March 9, 2011
Indonesia urges Asean countries to speed up integration

Malaysia's march towards the "Asian Century" as described by the Asian Development Bank (ADB) in its latest report will depend on how well the country confronts the difficult economic, political and social questions cropping up as reforms take place.

The ADB report said Malaysia together with six other economies have the potential to be the growth engine of the region but would face several mega-challenges including the risk of falling into the "middle-income trap" as well as governance and institutional capacity.

Economists said that while Malaysia had made progress in transforming the economy, results would not be seen so soon because there were complex issues that must be addressed.

Citigroup Inc's Singapore-based senior economist Kit Wei Zheng said over the phone that while the more difficult reforms were "still some way off" from being addressed, some results have been seen.

"Some sense of the results arising from the reforms are that foreign direct investment (FDI) is coming back albeit from a low base and that gross domestic product (GDP) is seeing steady growth," he said.

Kit said the growth in GDP and the FDI showed progress in the short term had been made but the bigger issues would depend on political will.

"To that extent, this is still unclear as a lot of it is contingent on the political consensus that will be the outcome of the general election. This will be needed to push through the reforms," he added.

The World Bank in an earlier report pointed out that Malaysia has "demonstrated notable progress" in implementing the project-based initiatives of the Economic Transformation Programme, but was finding it more difficult to implement the cross-cutting reform announcements under the New Economic Model (NEM).

Oversea-Chinese Banking Corp Ltd economist Gundy Cahyadi said in an e-mail reply that things must be put into perspective where NEM reforms were concerned.

"We're not going to see vast and fast improvement in institution- and nation-building overnight. The basic idea of the NEM is to get the nation to a developed economy status, but even if progress on this front is slow, it does not mean that the country cannot achieve its target eventually," he said.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    5  May 2011 Subsribe Now !
 • No press freedom in Cambodia Subcribe: Asean Affairs Global Magazine
• Indo wants US investment to double Asean Affairs Premium
• Indo says local terrorist went to meet bin Laden
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Challenges loom for Malaysia         
• Philippines may get trapped

• Thai auto tax reform delayed

• Oil field delays may hit PTTEP sales

• Vietnam eyes foreign reserve disclosure p

Asean Analysis    May 2011

Advertise Your Brand
• Thai general election nears (probably) Sponsor Our Events

Asean Stock Watch    May 2011

• Asean Stock Watch-May 5 p

Global News Impacting Asia    17 November 2010


• Bank of America sees Asian inflation


• Lloyd’s increases insurance push in Malaysia


• Wells Fargo analyst on euro


• Obama’s visit to Asia


ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand