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KUALA LUMPUR: Malaysia is regarded as an excellent place for retirement as it has been ranked first in a list of 10 safest places to retire in Asia for less than US$2,000 (RM9,050) a month of expenditure, according to US-based financial services corporation Nasdaq.

Nasdaq, in an article in its GoBankingRates section recently, said to find these countries, it had pulled data from the United Nations Pacific-Asia Region Group and gross domestic product (GDP) from WorldPopulationReview.

It also obtained cost of living figures from Numbeo, and the Global Peace Index from the Institute for Economics and Peace Global Peace Index 2022 Report.

Nasdaq has also set a precursor that countries needed to have a global peace index of under 2.0 to qualify.

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