According to an article in Fortune magazine, Malaysia is one of seven emerging markets worth putting your money in.
The writer of the article Ian Bremmer wrote, “In Malaysia, the incumbent (Barisan Nasional) government is trying to stay ahead of increased demand for change.” He continued by writing that Malaysia’s Prime Minister, Datuk Seri Najib Tun Razak, had scrapped fuel subsidies and will soon implement a 6% Goods and Services Tax come April, to improve Malaysia’s fiscal position.
Bremmer also believes that Prime Minister Najib will likely speed up his Economic Transformation Programme by introducing further tax incentive for foreign investors.
“Further liberalisation of the manufacturing and financial services sectors is likely as well. It is a fair bet that as growth tapers in China (and the impact of that slowdown is felt in Malaysia), Najib’s government will feel pressured to boost public spending on infrastructure, education and health care.
“That is a good thing, particularly if authorities, as expected, continue to advance a broad fiscal reform agenda, with support from the middle class, to balance the nation’s budget by 2020,” Bremmer wrote.
The article, titled The New World of Business, was published in the February 2015 issue of Fortune magazine. The other six emerging markets mentioned are India, Indonesia, Mexico, Columbia, Poland and Kenya.
Fortune is an American business magazine published globally by Time Inc.