About Malaysia's Business Transformation Plan

The global financial crisis had hit hard on almost every country in the world in year 2009. Europe, as per the day of today, is still struggling. Several countries in especially southern Europe have tremendous financial debts and liabilities, the euro - as a consequence - has weakened with about 20% in less than 3 months, since March/April 2010. Initially, so it seemed, the emerging economies were a long way from the center of the storm - and that proved to be relatively true. Various emerging economies though are in different states of dealing with the fall out of the global financial crises. Malaysia was not spared from the global economic crises, which affected its overall performance. Malaysia's economy contracted by 1.7 in 2009. Though it is fair to say, that overall, Malaysia has quite well coped with the global financial crises of 2009.

At present, Malaysia is at the crossroads of change and transformation. The Government Transformation Program outlines the road map of how to turn Malaysia into a high income economy and a fully developed nation by 2020.