KUALA LUMPUR: Malaysia will return to its Asian tiger status in three years, Malaysian Finance Minister Lim Guan Eng said on Tuesday .
He said the 48 per cent jump in foreign direct investments to RM80.5 billion in 2018, compared with RM54.4 billion in 2017, reflected investor confidence in Malaysia’s economic health.Lim said Chinese and Japanese investments into Malaysia had increased substantially and he hoped local investors would follow suit.
“2018’s figures have been positive despite certain predictions and I think Malaysia’s economy is progressing well. We have exceeded consensus estimation even for the previous month. “The Industrial Production Index at 3.2 per cent in January was higher than the estimate compiled by Bloomberg at 2.3 per cent,” he said in his keynote address at the Invest Malaysia 2019 capital market forum.
In February, Lim said that Malaysia’s economy was going strong and that its gross domestic product is"The CPI decline proves that the government’s policy of abolishing the Goods & Services Tax and replacing it with the Sales & Services Tax and stabilising fuel prices with a ceiling price mechanism works by expanding the economic pie to benefit both businesses and the people," he said in a statement.
HAHAHAHAHAHAHA. Get your own government together and with the correct and real certified people in the right places before you even talk about being a (paper) Asian tiger.
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