In the report launched on Tuesday, it said Malaysia’s GNI per capita is at US$11,200 according to the latest estimates, only US$1,335 short of the current threshold level that defines a high-income economy.
Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz the Malaysian Government is committed to continually assess the quality, inclusivity, and sustainability of Malaysia’s growth. “As we look to join the ranks of the world’s high-income and developed economies, Malaysia needs to be able to compete at the global frontier,” said Minister in the Prime Minister’s Department Datuk Seri Mustapa Mohamed
Source: Financial Digest (financialdigest.net)
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