Idris Jala, Malaysia’s moderniser-in-chief, was in Hong Kong yesterday to give investors an update on the country’s economic transformation programme, which carries the lofty goal of turning Malaysia into a high-income nation by the end of the decade.
According to the plan, Malaysia will need to add 3.3 million people to its workforce, grow its economy by 6% a year and attract $444 billion of investment hence the trip to Hong Kong during the coming decade to reach its targeted gross national income GNI of $523 billion by 2020 or $15,000 per capita, up from $6,700 today.
“The plan is to make us all rich for a...
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