Malaysia 12th most attractive to investors
Malaysia moved up the world competitiveness ranking again, securing a spot in the enviable top dozen and improving the country’s attractiveness to investors. The International Institute for Management Development (IMD), a Switzerland-based top-ranked business school, lifted Malaysia to 12th position from 15th last year in a list of 60 economies.
With its latest position, Malaysia is third most competitive in Asia, behind Singapore (3rd) and Hong Kong (4th) but ahead of Taiwan (13th).
“The improved rankings will renew interest and attract investments to the country,” IMD World Competitiveness Center director Professor Arturo Bris told the New Straits Times.
The country also continues to be ahead of the United Kingdom (16th), Australia (17th), Finland (18th), New Zealand (20th), Japan (21st) and South Korea (26th).
There were no big changes among the top 10 as the US retained the No. 1 spot this year, reflecting the resilience of its economy, better employment numbers and its dominance in technology and infrastructure.
Malaysia, Bris said, improved its openness to foreign markets and attracted capital and investment at increasing rates.
In a separate statement, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said 12th position was Malaysia’s best performance in the past four years and reflected the progress of the Government Transformation Programme and the Economic Transformation Programme.
“Malaysia expects a much better performance in the next three to five years as more of its initiatives begin to bear fruit,” he said.
The findings are compiled each year by IMD’s World Competitiveness Center in a survey of 60 economies called the World Competitiveness Yearbook. The yearbook analyses and ranks the ability of each nation to create and maintain an environment that sustains the competitiveness of enterprises.
The survey rates at the availability of fixed telephone lines, broadband, railroad network, part-time employment market, illiteracy, medical assistance and other criteria. The report is based on statistical data and perception data obtained through a survey that reviews 338 criteria in four categories – economic performance, government efficiency, business efficiency and infrastructure.
Economic performance covers the domestic economy, international trade, international investment, employment and price.
Government efficiency looks into public finance, fiscal policy, institutional framework, business legislation and societal framework.
Business efficiency looks at productivity and efficiency, the labour market, finance, management practices, attitudes and values.
Infrastructure rates technological, scientific, health, environmental and educational infrastructure.
In the category of countries with gross domestic per capita of less than $20,000, Malaysia remained at the top among 29 economies. Among countries with populations above 20 million, Malaysia climbed up to 4th position from 5th last year.
In ASEAN, Malaysia remains number two after Singapore and ranked third in the Asia Pacific region compared with fourth last year, while Thailand, Indonesia and the Philippines are fourth, fifth and seventh respectively.
Malaysia moved up the world competitiveness ranking again, securing a spot in the enviable top dozen and improving the country's attractiveness to investors. The International Institute for Management Development (IMD), a Switzerland-based top-ranked business school, lifted Malaysia to 12th position from 15th last year in a list of 60 economies. With its latest position, Malaysia is third most competitive in Asia, behind Singapore (3rd) and Hong Kong (4th) but ahead of Taiwan (13th). "The improved rankings will renew interest and attract investments to the country," IMD World Competitiveness Center director Professor Arturo Bris told the New Straits Times. The country...
Malaysia moved up the world competitiveness ranking again, securing a spot in the enviable top dozen and improving the country’s attractiveness to investors. The International Institute for Management Development (IMD), a Switzerland-based top-ranked business school, lifted Malaysia to 12th position from 15th last year in a list of 60 economies.
With its latest position, Malaysia is third most competitive in Asia, behind Singapore (3rd) and Hong Kong (4th) but ahead of Taiwan (13th).
“The improved rankings will renew interest and attract investments to the country,” IMD World Competitiveness Center director Professor Arturo Bris told the New Straits Times.
The country also continues to be ahead of the United Kingdom (16th), Australia (17th), Finland (18th), New Zealand (20th), Japan (21st) and South Korea (26th).
There were no big changes among the top 10 as the US retained the No. 1 spot this year, reflecting the resilience of its economy, better employment numbers and its dominance in technology and infrastructure.
Malaysia, Bris said, improved its openness to foreign markets and attracted capital and investment at increasing rates.
In a separate statement, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said 12th position was Malaysia’s best performance in the past four years and reflected the progress of the Government Transformation Programme and the Economic Transformation Programme.
“Malaysia expects a much better performance in the next three to five years as more of its initiatives begin to bear fruit,” he said.
The findings are compiled each year by IMD’s World Competitiveness Center in a survey of 60 economies called the World Competitiveness Yearbook. The yearbook analyses and ranks the ability of each nation to create and maintain an environment that sustains the competitiveness of enterprises.
The survey rates at the availability of fixed telephone lines, broadband, railroad network, part-time employment market, illiteracy, medical assistance and other criteria. The report is based on statistical data and perception data obtained through a survey that reviews 338 criteria in four categories – economic performance, government efficiency, business efficiency and infrastructure.
Economic performance covers the domestic economy, international trade, international investment, employment and price.
Government efficiency looks into public finance, fiscal policy, institutional framework, business legislation and societal framework.
Business efficiency looks at productivity and efficiency, the labour market, finance, management practices, attitudes and values.
Infrastructure rates technological, scientific, health, environmental and educational infrastructure.
In the category of countries with gross domestic per capita of less than $20,000, Malaysia remained at the top among 29 economies. Among countries with populations above 20 million, Malaysia climbed up to 4th position from 5th last year.
In ASEAN, Malaysia remains number two after Singapore and ranked third in the Asia Pacific region compared with fourth last year, while Thailand, Indonesia and the Philippines are fourth, fifth and seventh respectively.
