20/09/2025 09:18 am MYT
Last week, I compared Malaysia with Singapore from multiple aspects - public administration, education, socio-economic policies and economics. In all these areas, Malaysia today comes far short of present-day Singapore. In this final part, we will reproduce some other comparisons that we have made in the past and in the process once and for all get rid of many wrong facts and perceptions about Malaysia's 4th/7th prime minister.
[1] Malaysia's average annual GDP growth from 1982 to 2003 under Malaysia's 4th prime minister is actually much lower than the GDP growth achieved from 1961 to 1981 (figure 1). A shocking fact that few Malaysians are aware of.
[2]. Malaysia's GDP per capita grew less than Thailand, Taiwan, and South Korea from 1982 to 2003 (figure 2), and way below that of Singapore. There was no economic miracle for Malaysia under Malaysia's 4th prime minister. He inherited an economic miracle and then destroyed it.
Note from Publisher
Traditionally, celebrating one’s 21st birthday carries with it special meaning as it signifies the reaching of adulthood and the independence that comes along with it. In some countries, it marks the gaining of significant rights, such as the legal ability to vote or consume alcohol. Although today, turning 21 is less significant than it used to be, as many countries now set the legal age of adulthood at 18, the 21st birthday remains a culturally important milestone.
icapital.biz Bhd (ICAP) is celebrating its 21st birthday this year. Being its “parent”, Capital Dynamics is extremely proud of ICAP’s achievement, given the many difficulties it has to overcome while growing up. At its 21st annual general meeting (AGM) on 4 Oct, there will be a special celebration to mark the occasion. If you are a share owner, please make a point to attend the AGM. If you are not a share owner yet, buy ICAP shares on or before 22 Sep for entitlement to attend the AGM. Come join us on this happy occasion. Share owners and proxy holders attending in person will get a special 21st anniversary gift.
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