Malaysia has been named one of the world’s best five places to retire in, according to International Living, an organisation that helps people look for retirement and relocation opportunities. This former British colony is also an inexpensive place to live, with International Living placing it among the cheapest places to live in its global cost of living index, writes Bob Rudden for BBC. Monthly rent in Kuala Lumpur is about $560. Foreigners are welcome in the capital city and almost everyone speaks “adequate English,” says Live and Invest Overseas.