Explore the Benefits of Economic and Political Stability in Malaysia |
Posted: July 4, 2018 |
Malaysia has one of the finest economic records in the world. The country is helmed as one of the Southeast Asian tiger cubs in the matters of economic development. The experts have given lots of credit to the political stability of the country behind its economic success. Hence, the idea of relocation to Penang has lots of hidden potential along with macro-level benefits. Worried for the relocation hassles? Don’t because relocation services are available in Penang. Turning Back the Pages of HistorySince 1957, the country’s GDP rose at an average of 6.5%. The fundamental of this growth story is plenty of natural resources however, it sustained through such a long period by diversification in the sectors of commerce, trade, tourism and electronics. The country is one of the largest economies in Southeast Asia and has opened up immense opportunities before globally renowned companies which have their offices in the posh commercial addresses of the capital city of Kuala Lumpur. The Point of view of the GovernmentIn the month of January this year, Minister Mr. Abdul Rehman Dahlan said at an event organised by Standard Chartered that thanks to the ongoing political stability, the country will witness further economic growth. The economic and political policies undertaken by the Malaysian government have translated into firmer Ringgit (Malaysian currency) and rising GDP. Even the figure of the national debt is not alarming and it is below 55% of a self-imposed limit. Multinational Companies are Exploring New OpportunitiesThe multinational companies are opening their offices in Kuala Lumpur. They are putting their trust in the prospering financial world of the country. You will find Deutsche Bank, HSBC, Citibank successfully operating their offices in Malaysia. This is facilitating the Malaysian economy in multiple ways. Tourism is a major draw and Malaysia My Second Home visa is quite popular with the foreign retirees. The criterion for opening a bank account and keeping a certain amount in the form of fixed deposit becomes easier with the availability of multinational banks. Stability is Encouraging more Foreigners to Relocate in MalaysiaYou will wonder to know that the age group of the foreign retirees is diversifying. Even the young foreigners in their 30s are applying for MM2H visas. They are taking a fruitful sabbatical from their hectic professional life. The retirees in their 50s or 60s are coming here and settling in the popular places like Penang. They have faith in the Malaysian government. They know that the ruling government will respect the existing financial policies and that their savings in the bank accounts will be there and the interest amounts will add with it. In the existing scenario, the investments made in the way of property purchase etc are in the safe custody of the government. Relocate to PenangTraditionally, Penang is quite popular with the foreigners. It is not difficult to guess the influence of the foreign cultures when we roam the streets, in the downtown George Town, on the beaches and the market. With the availability of licensed visa agents and their beyond expectation relocation assistance, retired foreigners could easily come and stay here.
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