Malaysia jumped five rungs from 11th in 2014 to the sixth position in this year’s Baseline Profitability Index (BPI) a ranking of destinations of attractiveness for foreign investors published by the Foreign Policy Magazine.
ASEAN countries only Malaysia and Singapore featured in the top 10. Indonesia was ranked 12th, Vietnam (23rd), Philippines (30th) and Thailand at the 38th position.
This ranking, which covered 110 countries across six continents reaffirms that Malaysia is an attractive profit centre in this region for investors.
Introduced by an adjunct professor of New York University’s Stern School of Business since 2013, the BPI uses a holistic approach based on eight factors that will affect the ultimate success of a foreign investment.
These factors cover economic growth, financial stability, physical security, corruptions, expropriation by government, exploitation by local partners, capital controls and exchange rates.
The BPI calculation also incorporates changes made by the World Bank in its measurement of GDP such as the revised method to compare living standards across countries.
The chief executive officer of MIDA Azman Mahmud in a statemtent said the endorsement dissolves lingering misperceptions and attests the country’s improving economic fundamentals and the Government’s prudent, proactive and pragmatic policies to restructure and diversify the economy.
The Index sends a clear message that Malaysia provides a friendly business environment that makes it an attractive place to invest. This ranking is based not only on historical conditions but also on expectations about conditions prevailing over the next five years.
“The ranking is a reflection of the continuous improvement in the delivery of public services and overall efficiency of the government machinery.
Recently, MIDA has been awarded one of the Top Investment Promotion Agency of 2015 in the Asia-Pacific National categories by the US-based Site Selection magazine.
The award recognises MIDA and the Malaysian Government’s commitment to excellence in attracting capital investment projects. These international recognitions will boost our efforts in bringing in high-quality and high-value-added investments,” he said.
Azman added that the country has consistently registered a double-digit growth of Gross Fixed Capital Formation (GFCF) since 2010.
In fact, Malaysia has exceeded the average annual investment target of RM148 billion set in the 10th Malaysia Plan (10MP) with a growth rate of 12.6 per cent per annum.
In the first quarter this year, the GFCF has also surpassed the Q1 2014 figures by 13.6 per cent, from RM45.3 billion to RM51.5 billion in Q1 2015.
As at June 2015, MIDA already has several exciting projects in the pipeline with investments worth RM25.8 billion for the manufacturing and services sectors.
Building on this good track record of investment performance, we will continue to align our investment promotion activities with the 11th Malaysia Plan (11MP) to ensure a significant leap in investment activities that are crucial towards achieving a high-income economy.
For the manufacturing sector, MIDA would focus on three catalytic sub-sectors namely chemicals, electrical and electronics (E&E) and machinery and equipment industries, and two sub-sectors of high potential growth namely aerospace and medical devices.
"As for the services sector, more attention will be given to ICT, oil and gas services, private healthcare, private higher education, tourism and professional services.”
Astro Awani
Mon Jul 13 2015
This ranking, which covered 110 countries across six continents reaffirms that Malaysia is an attractive profit centre in this region for investors. - File Photo
Kasino di Forest City: 'Tuduhan jahat cuba gagalkan pembangunan SFZ'
Menteri Besar, Datuk Onn Hafiz Ghazi berkata, ia juga dilihat mengulangi persepsi negatif berbentuk hasutan dan fitnah yang ditimbulkan pihak tertentu kepada Forest City pada tahun 2018.
Belian baharu tingkatkan Bursa Malaysia
Pada 9.05 pagi, FBM KLCI naik 2.28 mata kepada 1,602.95 daripada 1,600.67 pada Jumaat lepas.
Dua kakitangan KKM cedera, pacuan empat roda terbabas di lebuh raya
Kemalangan berlaku kira-kira satu kilometer daripada lokasi sebuah bas terbabas menyebabkan 41 penumpang dan pemandu cedera, semalam.
Eulogi mendiang Mutang Tagal sentuh jiwa ramai
Ucapan memperingati kebaikan dan keperibadian Mutang yang disampaikan tiga orang anak dan adik mendiang membuatkan ramai yang menitiskan air mata.
Ringgit dibuka rendah berbanding dolar AS
Pada 9.01 pagi, ringgit merosot kepada 4.7420/7465 berbanding dolar AS daripada 4.7385/7410 pada Jumaat lepas.
Kapal perang TCG Kinaliada milik Turki singgah Malaysia
Dalam pelayaran ke Jepun, Malaysia menjadi negara ketujuh yang menjadi persinggahan TCG Kinaliada.
Wanita 'posing cantik' di jalan rosak
Ummu Hani turut menjelaskan bahawa jalan yang rosak itu merupakan jalan penghubung yang sangat penting buat penduduk di kawasan berkenaan.
Bibik 'sakit jantung' tengok bil elektrik melambung
Video berdurasi 20 saat yang dimuat naik di laman sosial, TikTok milik @Alyaninazirah, telah tular dan menjadi bualan ramai.
Mayat kru kapal warga Malaysia jatuh laut ditemukan di perairan Bangladesh
Buat masa ini, mayat mangsa masih berada di Bangladesh untuk proses bedah siasat.
PM Anwar akan bertemu 30 pemimpin industri, ketua negara semasa lawatan rasmi
Secara kebetulan, tahun ini merupakan ulang tahun ke-50 hubungan dua hala Malaysia dan Qatar, yang bermula sejak 1974.
UTP raih kedudukan teratas di Malaysia, ASEAN dua tahun berturut-turut
Universiti Teknologi Petronas (UTP) meraikan kejayaan bersejarah buat tahun kedua berturut-turut apabila meraih tempat teratas sebagai universiti nombor satu di Malaysia.
Negara maju harus tundukkan 'ego' dan bekerjasama dengan ASEAN - Penganalisis
Menurut Faisal, ini kerana negara membangun di ASEAN sedang mencorak ekonomi ke arah lebih mampan yang perlu dimanfaatkan negara maju
PM Vietnam cadang ASEAN jadi model transformasi digital global
Perdana Menteri Vietnam mencadangkan orientasi kejayaan untuk menjadikan ASEAN sebagai model dalam transformasi digital di peringkat global.
Malaysia muncul destinasi utama pengembangan perniagaan di ASEAN - Kajian UOB
Malaysia telah muncul sebagai negara paling penting dalam ASEAN untuk diceburi perniagaan, seperti yang ditunjukkan oleh Kajian Tinjauan Perniagaan UOB 2024 (PKS & Perusahaan Besar).
Malaysia perlu masa untuk teliti cadangan visa bersama enam negara ASEAN
Malaysia memerlukan lebih masa untuk meneliti cadangan Thailand mengenai program visa bersama dengan enam negara ASEAN lain.
Konflik Myanmar: ASEAN tegas kepentingan laksana Konsensus Lima Perkara
ASEAN tegaskan semula komitmen bantu Myanmar cari penyelesaian dengan mewujudkan persekitaran kondusif melalu pelaksanaan Konsensus Lima Perkara.
Ringgit ditutup rendah berbanding dolar AS
Pada 6 petang, ringgit merosot kepada 4.7785/7815 berbanding dolar AS daripada 4.7680/7730 semasa ditutup pada Jumaat.
Malaysia sedia jadi hab pusat untuk Pejabat Keluarga di ASEAN
ASEAN semakin mendapat fokus daripada firma pejabat keluarga berikutan kestabilan ekonomi dan pertumbuhan di rantau ini.
LRT Pulau Pinang: Mobiliti, pemangkin pelancongan dan tidak ancam perkhidmatan feri
Pelaksanaan projek LRT Laluan Mutiara Pulau Pinang, dilihat sebagai pengangkutan alternatif penduduk negeri ini bagi mengatasi masalah trafik.
Jenama “Kuasa Tenaga Boleh Diperbaharui Asia” bakal lonjak Sarawak ke persada global - Abang Jo
Abang Johari Tun Openg berkata, Sarawak berpotensi menjadi hab inisiatif peralihan kepada penggunaan tenaga tanpa karbon ketika dunia bergerak ke arah -net-zero- menjelang 2050.