Group items tagged

The Malaysian Institute of Economic Research (MIER) says that it is sticking to its forecast of 3.7 percent GDP growth next year even though the economy is doing better than anticipated.

Malaysia's outsourcing industry is expected to grow between 15 and 20 per cent this year.Malaysia is currently ranked third in the Asia Pacific region for outsourcing according to research firm AT Kearney. The country's success in the industry is due in part to the wide range of language skills in the country including Malay, English, Chinese and Tamil.

A study by Scheherazade S Rehman and Hossein Askari from George Washington University, published in the Global Economy Journal Vol 10 drew surprising conclusions. The study examined if policies of Muslim countries (or Muslim majority countries) were founded on Islamic principles in comparison to non-Muslim countries. 208 countries were studied. The criteria: economic opportunity, economic freedom, corruption, financial systems and human rights were used to measure the level of 'Islamicity' (based on an information website about Islam and Muslims). The study found that most Islamic countries did not conduct themselves according to Islamic principles concerning economic, financial, political, legal, social and governance issues.