KUALA LUMPUR, June 18 — Malaysia is now 34th out of 67 countries in the latest International Institute for Management Development (IMD) World Competitiveness Ranking, after...
KUALA LUMPUR, June 18 — Malaysia is now 34th out of 67 countries in the latest International Institute for Management Development World Competitiveness Ranking , after falling seven places since its previous edition.
Singapore, on the other hand, has regained its status as the world’s most competitive economy, climbing four places from the previous year to surpass Switzerland in second place, followed by Denmark in the third spot.Malaysia’s decline was evident across nearly all factors assessed, including economic performance, government efficiency, and business efficiency. Infrastructure was the only measure in which Malaysia maintained its position.
Despite the overall decline, Malaysia ranked second in the prices sub-factor and 11th in tax policy, though both were down one place from last year.Malaysia also slipped two places to end up 10th for the basic infrastructure category. The IMD World Competitiveness Ranking evaluates the ability of countries to create and sustain an environment conducive to the competitiveness of enterprises.
World Competitiveness Ranking International Institute For Management Development
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