Malaysia's Prime Minister, Najib Razak, has launched the Government Transformation Programme Roadmap that aims to help Malaysia gain developed nation status by 2020.
What makes a good Islamic country? Is it one where the people dress conservatively (or even severely in the case of women), adhere strictly to the rituals of Islam, where shariah laws apply?Or is a good Islamic country one that keeps to the substantive teachings of Islam, more concerned with the content rather than the form of the religion? Where fairness, justice, honesty are the cornerstones of government policies and of its citizens' daily dealings.
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.
Following discussions with the private sector, the Malaysian government will explore a number of measures such as greater transparency, competitive privatisation, and the development of a more attractive capital market in a bid to boost domestic investments.
The Central Bank of Malaysia and the Malaysian government are Developed programmes to educate central banks around the world on regulating Islamic financial systems.
Malaysian government economic survey for Malaysian real estate investors and investors are optimistic about the economic outlook, according to the ING Investment Dashboard Survey
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Malaysian businesses must become more competitive and stop depending on government subsidies if they are to prosper in the new global economy, says Prime Minister Najib Razak. - Online Business News Malaysia - Malaysia In Focus
Malaysia is the potential to be a major producer of halal vaccines and help improve public health in Muslim countries. Malaysian government is being encouraged with loans, incentives and grants of healthcare businessman.
If there was a word that kept popping out at me this entire year, it was 'obliviousness'. It just felt to me that so many people spent 2011 being completely oblivious to what was happening around them. Whether it was Middle Eastern dictators who refused to understand why their people were taking to the streets, to Wall Street bankers who kept awarding themselves humongous bonuses even after their banks had gone bankrupt and people had lost their homes, to the politicians who refused to connect all the many floods and other extreme weather to climate change, so many people at the pinnacles of power remained oblivious to changes going on in the world.
Tourism industry of Malaysia, has for the first time ever, been the included in the country's Five-Year Plan and is now regarded as a major part of the economy, said Tourism Minister Datuk Seri Dr Ng Yen Yen.
Malaysia is to focus on 12 National Key Economic Areas (NKEAs) to boost the economy.Prime Minister's Department of "Economic Planning Unit" says in the 10th Malaysia Plan says the areas were chosen on the basis of contribution to high income, sustainability and inclusiveness.
Bank Negara Malaysia's deputy governor Datuk Mohd Razif Abd Kadir told reporters that the issuance of two Islamic banking licences with US$1 billion capital, We will significantly boost the country's position as a hub for Islamic finance later this year.
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.
In a report released by the World Economic Forum, Malaysia is ranked as the world's 27th most networked economy - Economic News Malaysia - Malaysia in Focus