Malaysia can be high-income nation by 2027 - Rafizi
Malaysia will be seen as a country with potential, which will indirectly allow it to become an ‘Asian Tiger’ again.
PUTRAJAYA - Malaysia will become a high-income country from 2027 onwards if the national economy grows four to five per cent every year and the ringgit strengthens to around RM4.20 against the US dollar, Economy Minister Rafizi Ramli said.
He said if these targets can be achieved and Malaysia will be seen as a country with potential, which will indirectly allow it to become an ‘Asian Tiger’ again.
"This standard is a simpler standard (to qualify Malaysia for that status). It also depends on our ability to become an international financial hub in addition to the positive performance of Bursa Malaysia," he told the media after the launch of the 2024 Economic Census Findings by the Department of Statistics Malaysia.
Previously, Finance Minister II Datuk Seri Amir Hamzah Azizan was reported to have said that Malaysia is making significant progress to regain its Asian Tiger status.
This is based on a positive outlook from analysts and rating agencies, supported by encouraging national economic figures. - BERNAMA
