Malaysia Bets on Investment to Meet 2020 Target: Southeast Asia
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Malaysia can achieve its target of becoming a developed nation in six years or earlier as rising private investment offsets any slowdown in government expenditure, economic planning Minister Abdul Wahid Omar said.
The government is formulating a new strategy to decide on programs and projects it will spend on under the 11th Malaysia Plan, a development program for the country for 2016 to 2020, Abdul Wahid said in an interview in Hong Kong yesterday. The new approach will focus on projects with a high impact on the economy that can be rapidly executed, he said.