News – Putting KL on world finance map

This is what a spending, consumption based economy looks like. Saving is not required because it halt ‘growth’ of the economy. Also, if you think that all these will benefit majority of the people here (the 99%), think again. Look what happen to Wall Street ‘financial district’ and its relation to the current overall condition to the US.

 

THE Kuala Lumpur International Financial District (KLIFD) is set to reshape Malaysia’s financial landscape in the region as well as on the global front, with state-of-the-art infrastructure and technology.

The KLIFD was one of the early Entry Point Projects (EPPs) under Malaysia’s Economic Transformation Programme (ETP), a national roadmap to more than double Malaysia’s per capita income to RM48,000 in 2020 while propelling the nation to a high-income economy.

The project will house a physical clustering of the right mix of key international institutions and support services, which is estimated to grow to three times its current size by 2020.
Prime Minister Datuk Seri Najib Razak is scheduled to launch the KLIFD on Monday.

The RM26 billion project also looks to deliver on the aspirations for Greater KL to drive rapid growth in parallel with upgrading the city’s liveability ranking to the top 20 in the world.

 

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