ID :
123207
Thu, 05/20/2010 - 13:28
Auther :
Shortlink :
https://oananews.org//node/123207
The shortlink copeid
MALAYSIAN GOVT AIMS TO PUSH COUNTRY'S COMPETITIVENESS LEVEL HIGHER
KUALA LUMPUR, May 20 (Bernama) -- The Malaysian government aims to push the country's competitiveness level even higher, than its current 10th position, by continously improving its efficiency and that of businesses.
Prime Minister Najib Tun Razak, pleased with the country's eight
notch jumped to emerge as the tenth competitive country in the world, said the
remarkable achievement was a result of the many initiatives taken by the
government in the past one year.
Among the efforts undertaken are the Special Task Force to Facilitate
Business (Pemudah), government transformation plan, liberalisation and
deregulations.
After languishing from the global economic crisis, the economy recovered a
Gross Domestic Product (GDP) growth of 4.4 per cent in the fourth-quarter of
2009 and recorded a remarkable 10.1 per cent growth in the first-quarter of this
year.
Najib said he was suprised with the first quarter GDP growth.
"If we continue (to do so at this rate) we can move up further," he said at
Utusan Melayu's ground-breaking ceremony for its new headquarters building
here Thursday.
Najib added with more changes via the government transformation plan and in
the government's administration, Malaysia can achieve higher position in terms
of competitiveness.
In giving Malaysia high marks and propelling its position by eight notches,
the International Institute for Management Development (IMD), in its World
Competitiveness Yearbook 2010, said other telling factors were its effective
implementation of government decisions, mainly attributable to the able
stewardship of the economy by Najib, who is also Finance Minister.
The IMD World Competitiveness Yearbook (WCY) is the world's most renowned
and comprehensive annual report on the competitiveness of nations, ranking and
analysis of how a nation's environment creates and sustains the competitiveness
of enterprises.
Meanwhile, on the Sukuk Sovereign Bond announced Wednesday, Najib said
Malaysia could not have come up with the bond if the world market was not
confident enough in the country's capability in managing the economy.
The Prime Minister launched a benchmark US dollar denominated Global Sukuk
under the Malaysia International Islamic Financial Centre (MIFC) initiative.
The sukuk, structured under the Shariah principle of Ijarah, will be
Malaysia's second US dollar denomited sukuk since the successful issuance of the
world's first sovereign global sukuk in 2002.
Barclays Capital, CIMB and HSBC have been mandated as the joint bookrunners
and joint-lead managers for the sukuk offering.
--BERNAMA
Prime Minister Najib Tun Razak, pleased with the country's eight
notch jumped to emerge as the tenth competitive country in the world, said the
remarkable achievement was a result of the many initiatives taken by the
government in the past one year.
Among the efforts undertaken are the Special Task Force to Facilitate
Business (Pemudah), government transformation plan, liberalisation and
deregulations.
After languishing from the global economic crisis, the economy recovered a
Gross Domestic Product (GDP) growth of 4.4 per cent in the fourth-quarter of
2009 and recorded a remarkable 10.1 per cent growth in the first-quarter of this
year.
Najib said he was suprised with the first quarter GDP growth.
"If we continue (to do so at this rate) we can move up further," he said at
Utusan Melayu's ground-breaking ceremony for its new headquarters building
here Thursday.
Najib added with more changes via the government transformation plan and in
the government's administration, Malaysia can achieve higher position in terms
of competitiveness.
In giving Malaysia high marks and propelling its position by eight notches,
the International Institute for Management Development (IMD), in its World
Competitiveness Yearbook 2010, said other telling factors were its effective
implementation of government decisions, mainly attributable to the able
stewardship of the economy by Najib, who is also Finance Minister.
The IMD World Competitiveness Yearbook (WCY) is the world's most renowned
and comprehensive annual report on the competitiveness of nations, ranking and
analysis of how a nation's environment creates and sustains the competitiveness
of enterprises.
Meanwhile, on the Sukuk Sovereign Bond announced Wednesday, Najib said
Malaysia could not have come up with the bond if the world market was not
confident enough in the country's capability in managing the economy.
The Prime Minister launched a benchmark US dollar denominated Global Sukuk
under the Malaysia International Islamic Financial Centre (MIFC) initiative.
The sukuk, structured under the Shariah principle of Ijarah, will be
Malaysia's second US dollar denomited sukuk since the successful issuance of the
world's first sovereign global sukuk in 2002.
Barclays Capital, CIMB and HSBC have been mandated as the joint bookrunners
and joint-lead managers for the sukuk offering.
--BERNAMA
