Guys, if you are tired of negative news all the time, can you share this? Haha. Seriously, Malaysia’s a pretty good country. We continue to be rated at Investment Grade by all the three major international rating agencies. Our GDP growth even though at below 5% is the envy of many nations. Our property price even though some say already too expensive but when compared to even less developed ASEAN nations, suddenly the numbers look way better. Median property price vs median household income yeah. Okay, now we have another feather on the cap.
Article in themalaysianreserve.com Finance Minister Lim Guan Eng said that Malaysia’s ranking in the World Bank’s Ease of Doing Business has improved to 12th for 2020 from 15th in 2019. He said, “Malaysia is also among the best improved economies in the World Bank’s 2018 WGI published earlier this month, which is a strong credit positive in the evaluation of sovereign credit ratings.”
With our current ranking of 12th, Malaysia is now the 4th easiest place to do business in Asia after Singapore, Hong Kong and South Korea. Lim said this was Malaysia’s best ranking since 2015. He added, “The government remains committed to implementing its institutional reforms, while supporting economic growth in line with the overall Shared Prosperity Vision 2030.
With regards to international sovereign ratings, Lim said, “In determining sovereign credit ratings, international credit rating agencies take into account various factors including fiscal conditions, economic conditions and institutional quality of a country. Indeed, credit rating agencies use both the Ease of Doing Business and the WGI in ascertaining a country’s institutional quality, and therefore credit ratings.” Need to read the full article? Here: Article in themalaysianreserve.com
By the way, Malaysia’s unemployment rate remains low by world standard, at 3.3%. However, noted on the fact that youth unemployment is much higher. More creation of jobs targeted at this group is definitely needed. With jobs, there’s stable income. With a stable income, then there’s a stable demand for goods and services. As long as the inflation remains stable, I think we are living in a very good country to keep earning, saving, investing and remember to keep preserving too. (earlier article here) Happy reading.
Next suggested article: Another ranking: Second friendliest nation in the world!