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PM: Economy doing well because M'sia is 'very stable'

Published:  |  Modified:

Prime Minister Dr Mahathir Mohamad has attributed Malaysia's stability to Bloomberg's glowing assessment of the country against other 19 other emerging markets.

According to Bloomberg, Malaysia remains on top of the list due to its current account surplus, relatively stable growth outlook and valuations.

When asked to comment on this last night, Mahathir said foreign investors are happy with Malaysia, adding that the numbers prove it.

"We are doing very well. Everybody knows Malaysia is very stable.

"Investments are coming in. Three times more investments are coming in than last year," he told reporters in Kuala Lumpur.

Countries studied by Bloomberg were either in the MSCI Emerging Markets Index, or a Bloomberg Barclays measure tracking local-currency government bonds.

Sovereign credit ratings and stock and bond valuations, among others variables, are then used to compute a scorecard used for the rankings.

Malaysia's ranking beat out regional neighbours and even China and South Korea.

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