Malaysia is Southeast Asia’s rising star.
The country recorded a very strong growth of 6 percent in 2014. Both the IMF and the World Bank have revised downwards their global economic growth estimates for 2015, to 3.5 percent and 3.0 percent, respectively. However, Malaysia is expected to grow by between 4.5 percent and 5.5 percent in 2015. And over the next four years, the OECD predicts that the country will enjoy annual growth of 5.6 percent. In addition, Bloomberg has rated Malaysia as the world’s 5th most promising emerging market in 2015 and the only ASEAN country in its top 10. The country’s population of almost 30 million industrious people now sits alongside China in Bloomberg’s top five.
With its skilled and culturally diverse workforce, a comprehensive communication and transportation infrastructure, and a sound regulatory framework, Malaysia absolutely offers many advantages as an investment destination. The International Monetary Fund (IMF) and the World Bank have both recently issued reports showing Malaysia near the top of their rankings for competitiveness and ease of doing business.
And according to the World Economic Forum Global Competitiveness Report, Malaysia comes 20th out of 144 countries ranked for competitiveness in its Global Competitiveness Report 2014-2015, four notches higher than in the previous year. In addition, Malaysia is ranked: