Prime Minister Datuk Seri Najib Tun Razak (centre) launching the Bloomberg TV Malaysia in Kota Damansara, With him is Bloomberg TV Chairman Tan Sri Mohd Effendi Norwawi (left) and its chief executive officer Michael Chan
PETALING JAYA, April 11 (Bernama) -- Malaysia is on track to achieve a balance budget and become an advance economy by 2020, Datuk Seri Najib Tun Razak said.
Asserting that Malaysia is a great story to tell, the prime minister said despite mounting challenges, the country's economic fundamentals remain strong.
"We do have our challenges but if (we) look at the fundamentals and macro pictures...a 47.7 per cent growth in gross national income (GNI) from 2009 until 2014, a market capitalisation of Bursa Malaysia which rose 140 per cent during the same period, and a gross domestic product (GDP) that grew six per cent last year," he said when launching Bloomberg TV Malaysia at Kota Damansara here, Saturday.
Najib said Malaysia's achievement was recognised by international bodies such as the World Bank and the International Monetary Fund, which had ranked Malaysia near the top of the tables for competitiveness and ease of doing business.
Even Bloomberg in 2014 also listed Malaysia as the third best emerging market in the world, he said in an impromptu speech.....