The National Transformation Programme (NTP) has been the spearhead in many policies and macro-economic planning – all aiming to make Malaysia a “competitive, productive and investor-friendly country by 2020”. Six years into the implementation, the NTP Annual Report continues to portray Malaysia as partly immune to a global fluctuating economy and on the right path to its goals. Below are some highlights for 2015:
- This is the third consecutive year that Malaysia remains in the fiscal “Safe Zone” – an indicator of healthy economies in the world.
- Enhancing the financial system, together with maintaining energy and electricity security continue to be the main focuses of the country in 2015-2016.
- The Greater Kuala Lumpur aims to stay among the top economic metropolis by 2020. The goal is greatly boosted with the current construction of two large-scale MRT lines.
- As of 2015, Malaysia concluded and signed seven bilateral free trade agreements. These will open up chances for regional corporations as well as multinationals from developed economies like Australia, USA, and EU etc.
- Private sector proved its role in the transformation, contributing up to 65% of the total investments. That would trigger more supporting policies and partnership from the government.
Amid the uncertainty of the global economy in recent years, these positive achievements will help Malaysia live up to its name as the investment haven for foreign companies from all over the world. Setting up an operation in Malaysia and approaching talents / opportunities the country has to offer, therefore, are strategies that worth considering closely.