Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>   Malaysia News  >>   Economy  >>   Forbes praises Razak
NEWS UPDATES Asean Affairs                                 13  September 2011

Forbes praises Razak

Related Stories

September 12,2011
Tax decreases in Malaysia?

September 9, 2011
 Most Malaysian ETP initiatives implemented

September 8, 2011
 Malaysia jumps 5 places in competitiveness

August 29,2011
Malaysia outstrips global economy

August 23,2011
Only top scholars for Malaysia’s ETP

August 19,2011
Inflation in Malaysian economy

August 11, 2011
Malaysia tries to contain prices

August 9, 2011
Malaysian currency to strengthen

Steve Forbes, chairman and editor-in-chief of Forbes, has praised Prime Minister Datuk Seri Najib Tun Razak for following through with his transformation agenda for Malaysia.

"Two years ago, the Prime Minister was obviously newer on the job than he is today. But we have seen him follow through on the things he said," Forbes told journalists at the opening of the Forbes Global CEO Conference.

"It is not just the Government saying this, but external observers have come to notice it as well," he said, adding that concrete steps were being taken to restructure the economy such as through reducing investment barriers and dealing with subsidies and taxes.

He also said the country's economy was moving towards liberalisation, and that the government was rolling out the welcome mat for foreign investors. "That makes this a good place to be," he said.

Forbes cites English proficiency, geography, natural resources and human capital as some of the factors Malaysia has in its favor.

"Having brain power and right human capital is important for a country's development. I think the government realizes this and is taking the necessary measures to improve the situation," he added.

"The fact that Malaysia's foreign direct investment (FDI) is increasing proves that global investors are looking our way," said International Trade and Industry Minister Datuk Seri Mustapa Mohamed, who was present at the launch.

Last month, Mustapa reaffirmed that Malaysia was still on track to achieve its FDI target of US$10bil (RM30.4bil) this year despite mounting concerns over the world economy. Last year, Malaysia recorded US$9.1bil (RM27.6bil) in FDI.

He said that free trade agreements signed with other Asian countries had helped diversify Malaysia's basket of foreign investments and mitigate any drop in investments from the United States and Europe, whose economies are struggling at present.

Mustapa also said negotiations with the United States on the Trans-Pacific Partnership (TPP) agreement was well under way and they were now discussing specific areas such as trade tariffs and financial services.

The TPP is an Asia-Pacific regional trade agreement currently being negotiated among the United States and eight other partners. The negotiating partners are Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore and Vietnam. It aims to improve economic integration with the Asia-Pacific economies by creating common trade rules and expanding market access.



Share 

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
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

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
 
or
submit your comment in the box below
Name

Name


Email

Email





 
Today's  Stories    13  September  2011 Subsribe Now !
• Indonesian coal production surges Subcribe: Asean Affairs Global Magazine
• Forbes praises Razak Asean Affairs Premium
• Razak hopes medical school halts "brain drain"
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Philippine FDI increases
• Singapore detains three on security issues
• Thai rice plan to distort market
• Wage hike debate continues in Thailand
• Thai tourism is strong pp

Asean Analysis             13  September  2011

Advertise Your Brand
• Enter the Cambodians Sponsor Our Events

Asean Stock Watch   13  September  2011

 
• Asean Stock Watch-September 13 p

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

ASEAN  ANALYSIS

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 |

Time Media
Version 5.0
Copyright © 2007-2014 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com