Forbes: M'sia on right track

NEW YORK - Steve Forbes, a former United States presidential candidate and chief executive/editor-in-chief of the Forbes Inc magazine, said that he was "deeply impressed" by Malaysia's business-friendly environment.

"I must say that I am deeply impressed with the business-friendly environment in Malaysia.

"Its policies have put it on track for the developed nation status," Forbes said on the sidelines of a conference on India's infrastructure needs at the Indian consulate general here.

Forbes who is very bullish about India's infrastructure development which is inherent with good business potential for US companies, attended the opening reception of the conference Friday evening.

Other prominent guests at the conference included Senator Larry Pressler and a number of prominent corporate representatives and Indian entrepreneurs.

A number of international companies including a few from Malaysia are bidding for some of the infrastructural projects.

The total outlay earmarked for India's infrastructure development is in the region of a whopping US$1 trillion (S$1.25 trillion).

On Malaysia, Forbes added the country Malaysia had made positive changes in its policies to attract investors and provide impetus to economic growth.

In his view, Malaysia had made an "impressive recovery" from the global recession and had done the "right things" to further enhance its competitiveness.