Malaysia set to be developed nation before 2020, says Najib

Najib says the Economic Transformation Programme is fully on track.

KUALA LUMPUR, June 10 — Malaysia will achieve its goal of becoming a developed nation ahead of the 2020 schedule based on current projections, Datuk Seri Najib Razak said today.

The prime minister pointed out that the economy grew by 5.6 per cent last year, while Malaysia was touted as the 12th best country in the world to do business and the 15th most competitive economy internationally, according to the World Bank’s recent Doing Business Report and the Institute for Management Development business school, based in Switzerland, respectively.

“The Economic Transformation Programme (ETP), which aims to transform Malaysia to developed status by 2020, is fully on track,” said Najib in his opening address at the 17th Asia Oil & Gas Conference 2013 here.

“Based on current projections and barring unforeseen circumstances, we are set to achieve our development target ahead of schedule,” he added.

(Source: The Malaysian Insider )