WCR 2025 Performance Proves Effectiveness Of MADANI Govt's Economic Policies
PUTRAJAYA, June 19 (Bernama) -- Malaysia's performance in the World Competitiveness Ranking (WCR) 2025 demonstrates the country's investment appeal amid a challenging global landscape.
Minister of Housing and Local Government Nga Kor Ming said that this achievement also underscores the effectiveness of the economic policies implemented by the MADANI Government.
Malaysia jumped 11 places in the rankings to 23rd, marking the country's best performance since 2020 and signalling positive momentum in the national economic recovery and reform agenda.
Nga, in a statement yesterday, said that Malaysia remains the third most attractive investment destination globally, drawing interest from global tech giants such as Intel, Microsoft, Amazon, and Infineon to expand their investments in the local market.
'Under the leadership of the MADANI Government, Malaysia's economic growth reached 5.1 per cent in 2024, exceeding the expectations of the World Bank and other international agencies. The Employees Provident Fund (EPF) dividend rate also increased to 6.3 per cent, higher than the previous year,' he said.
The WCR is published annually by the Switzerland-based Institute for Management Development (IMD).
It is a comprehensive report that assesses economies based on their capacity to generate and sustain a business-friendly environment that contributes to long-term prosperity.
-- BERNAMA
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