Malaysia rose to the sixth spot in 2015 in terms of the “BaselineProfitability Index” (BPI), which rank destinations of attractivenessfor foreign investors.
The Malaysian Investment DevelopmentAuthority (MIDA) said on July 13 that the improvement in the country’sranking was published by the Foreign Policy Magazine, according to TheStar newspaper.
Among ASEAN countries, only Malaysia andSingapore featured in the top 10. Indonesia was ranked 12th, Vietnam(23), the Philippines (30) and Thailand at the 38th position.
Thisranking, which covered 110 countries across six continents reaffirmsthat Malaysia is an attractive profit centre in this region forinvestors, the MIDA said.
It said the BPI, introduced by anadjunct professor of New York University’s Stern School of Businesssince 2013, uses a holistic approach based on eight factors that willaffect the ultimate success of a foreign investment.
Thesefactors cover economic growth, financial stability, physical security,corruption, expropriation by government, exploitation by local partners,capital controls, and exchange rates.
MIDA chief executiveofficer Datuk Azman Mahmud said the index sends a clear message thatMalaysia provides a friendly business environment that makes it anattractive place to invest. This ranking is based not only on historicalconditions but also on expectations about conditions prevailing overthe next five years.
The ranking is a reflection of thecontinuous improvement in the delivery of public services and overallefficiency of the government machinery, he added.
Azman saidMalaysia has exceeded the average annual investment target of 148billionRM set in the 10th Malaysia Plan with a growth rate of 12.6 percent perannum.
Malaysia had consistently registered a double-digitgrowth of gross fixed capital formation (GFCF) since 2010. In thefirst quarter of this year, the GFCF increased 13.6 percent to 51.5billion RM from 45.3 billion RM a year ago.-VNA
The Malaysian Investment DevelopmentAuthority (MIDA) said on July 13 that the improvement in the country’sranking was published by the Foreign Policy Magazine, according to TheStar newspaper.
Among ASEAN countries, only Malaysia andSingapore featured in the top 10. Indonesia was ranked 12th, Vietnam(23), the Philippines (30) and Thailand at the 38th position.
Thisranking, which covered 110 countries across six continents reaffirmsthat Malaysia is an attractive profit centre in this region forinvestors, the MIDA said.
It said the BPI, introduced by anadjunct professor of New York University’s Stern School of Businesssince 2013, uses a holistic approach based on eight factors that willaffect the ultimate success of a foreign investment.
Thesefactors cover economic growth, financial stability, physical security,corruption, expropriation by government, exploitation by local partners,capital controls, and exchange rates.
MIDA chief executiveofficer Datuk Azman Mahmud said the index sends a clear message thatMalaysia provides a friendly business environment that makes it anattractive place to invest. This ranking is based not only on historicalconditions but also on expectations about conditions prevailing overthe next five years.
The ranking is a reflection of thecontinuous improvement in the delivery of public services and overallefficiency of the government machinery, he added.
Azman saidMalaysia has exceeded the average annual investment target of 148billionRM set in the 10th Malaysia Plan with a growth rate of 12.6 percent perannum.
Malaysia had consistently registered a double-digitgrowth of gross fixed capital formation (GFCF) since 2010. In thefirst quarter of this year, the GFCF increased 13.6 percent to 51.5billion RM from 45.3 billion RM a year ago.-VNA
