With factors such as a creeping debt service cost and tepid investors, can Malaysia achieve Vision 2020 at the end of the 11th Malaysia Plan?
The 11th Malaysia Plan (11MP) is the last five-year development strategy for Malaysia to achieve developed country status by 2020. It projects a GDP growth rate of five per cent to six per cent over the next five years, which is somewhat better compared to the annual growth rate of 5.3% under the 10th Malaysia Plan.
The direction of the stock and currency markets sends a strong signal as to whether the 11MP is good and transformative to the country, since smart money and investors vote with their feet. Since the tabling of the Plan, the FBMKLCI index and the Ringgit have fallen.
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