I believe many have read the article, which lacked information precision. The writer just couldn't write it pretty, afraid it won't be published.
In a letter to WSJ, Second Finance Minister Ahmad Husni Hanadzlah explained how the ETP is on track to create more than 370,000 new jobs, that the government has slashed red tape so that entrepreneurs can set up a company in just one day.
Malaysia too, he said have climbed well bove the likes of South Korea and the UAE to reach 21st place in the World Economic Forum's global competitiveness index.
The letter reads:
Malaysia's Economic Transformation Program is on track to create more than 370,000 new jobs, we've slashed red tape so that entrepreneurs can set up a company in just one day, and we've climbed above the likes of South Korea and the UAE to reach 21st place in the World Economic Forum's global competitiveness index.
Foreign direct investment in Malaysia is up 76 per cent year-on-year, we're the home of major new facilities for BAE, Cisco and AMD, and the IMF expects our economy to grow by more than five per cent not just this year but next year as well.
All this has been achieved by "following through" on our economic promises – and don't just take our word for it. Only last month Steve Forbes said: "It's one thing to make promises and another to work to make it all a reality. The Malaysian government has so far been delivering reality."
Alongside the ground-breaking political reforms announced back in September, these economic advances are further proof that Prime Minister Najib Razak is committed to delivering genuine and lasting change for all the people of Malaysia.
Ahmad Husni Hanadzlah
Second Minister of Finance
Note: Similarly, Bloomberg's writer Chong (in my previous posting) also fails to add some logic to his story about Penang which 'booms under Lim Guan Eng.