Latest news with #WorldCompetitivenessRanking2025
Malaysiakini
11 hours ago
- Business
- Malaysiakini
Rankings speak louder than false narratives, PKR MP shells opposition
PKR lawmaker R Yuneswaran has urged the opposition to stop peddling 'false narratives' about the goods and services tax (GST), sales and service tax (SST), and subsidy rationalisation efforts. To underscore that the Madani government is on the right track, the Segamat MP pointed to the International Institute for Management Development World Competitiveness Ranking 2025, which saw Malaysia rise 11 spots with a record high of RM378.5 billion in foreign direct investments.
New Straits Times
16 hours ago
- Business
- New Straits Times
Anwar: Madani reforms driving Malaysia's surge in global competitiveness ranking
KUALA LUMPUR: The Madani government's reform initiatives are beginning to bear fruit, as Malaysia surged 11 spots to 23rd place in the World Competitiveness Ranking 2025, its best performance in the past five years, said Prime Minister Datuk Seri Anwar Ibrahim. He said the significant improvement reflects Malaysia's ability to make great strides through strong political will, efficient government machinery and close collaboration with the private sector. "Encouraging performance in trade, administrative efficiency and the investment environment is a strong foundation for inclusive and sustainable economic progress," he said in a post on Facebook. Anwar said the achievement belongs to all Malaysians. "It is one of the important foundations in our journey to place this country in the most competitive economic group by 2033 for a brighter future for our children." The World Competitiveness Ranking, published annually by the Institute for Management Development in Switzerland, is a comprehensive report that assesses countries on their ability to create and sustain a business-friendly environment that drives long-term prosperity. Earlier, the Investment, Trade and Industry Ministry in a statement said the improved ranking from 34th place last year reflects the strong momentum in Malaysia's economic recovery and reform efforts. The ranking reaffirms the country's path toward becoming one of the world's top 12 most competitive economies by 2033, as outlined in the Madani Economic Framework.
