The program will also generate 3.3 million jobs, and over the past three years, the NKEAs have created 1.3 million positions. Looking ahead, the reforms should increase the proportion of middle- to high-income workers.
The country has seen steady economic growth, expanding by 5.6%, 5.1% and 4.7% in 2011, 2012 and 2013, respectively, reports The Star Online.
Malaysia recently attracted international attention after Malaysia Airlines Flight 370 inexplicably disappeared somewhere in the Indian Ocean.
iShares MSCI Malaysia ETF
For more information on Malaysia, visit our Malaysia category.