ID :
123219
Thu, 05/20/2010 - 13:54
Auther :
Shortlink :
https://oananews.org//node/123219
The shortlink copeid
BOLD INTIATIVES BY GOVT PUSHED UP MALAYSIA'S COMPETITIVENESS
KUALA LUMPUR, May 20 (Bernama) -- The bold initiatives taken by the
government has helped to push up Malaysia to the top 10 most competitive economies in the world, International Trade and Industry Minister Mustapa Mohamed said Wednesday.
The 2010 World Competitiveness Yearbook released Wednesday has placed
Malaysia among the top ten competitive nations of the world.
"This unprecedented result is clearly rooted in the innovation and bold
initiatives the government has undertaken this past year to drive development
and economic growth and create a resilient private sector," Mustapa told
reporters at the 6th World Islamic Economic Forum, here Wednesday.
Malaysia for the first time since 1999 has earned a position among the top
10 most competitive countries in the world, jumping eight notches to 10th
place this year from 18th position in 2009.
The yearbook is published by the Swiss-based Institute for Management
Development.
"With an index score of 87.228, Malaysia has joined the ranks of the most
competitive countries in the world, sharing the top 10 ranking with Singapore,
Hong Kong, the United States, Switzerland, Australia, Sweden, Canada, Taiwan and
Norway.
Noting that it was an outstanding performance, Mustapa said Malaysia has
overtaken several developed countries such as Denmark, the Netherlands and
Luxembourg, adding that the country continues to be ahead of the United Kingdom,
Korea and Thailand.
Mustapa said a remarkable advancement in the government efficiency rating,
where it has moved up to 9th from 19th place, demonstrated that the Government
Transformation Programme (GTP) was beginning to deliver results.
The GTP, launched last year, has focused government efforts in key areas
such as enhancing the business climate, fighting corruption, improving the
infrastructure, streamlining government procedures and strengthening the
education system.
"While the government has implemented the right policies to improve
competitiveness, local entrepreneurs have played a vital role in leveraging this
business climate to create change and drive growth," Mustapa said.
The business efficiency rating has gone up to 4th place from 13th place
previously.
Mustapa said the government will continue to enhance the services delivery
system, strengthen high quality investments, groom small and medium
enterprises for global competition and nurture innovatiion and creativity.
-- BERNAMA
government has helped to push up Malaysia to the top 10 most competitive economies in the world, International Trade and Industry Minister Mustapa Mohamed said Wednesday.
The 2010 World Competitiveness Yearbook released Wednesday has placed
Malaysia among the top ten competitive nations of the world.
"This unprecedented result is clearly rooted in the innovation and bold
initiatives the government has undertaken this past year to drive development
and economic growth and create a resilient private sector," Mustapa told
reporters at the 6th World Islamic Economic Forum, here Wednesday.
Malaysia for the first time since 1999 has earned a position among the top
10 most competitive countries in the world, jumping eight notches to 10th
place this year from 18th position in 2009.
The yearbook is published by the Swiss-based Institute for Management
Development.
"With an index score of 87.228, Malaysia has joined the ranks of the most
competitive countries in the world, sharing the top 10 ranking with Singapore,
Hong Kong, the United States, Switzerland, Australia, Sweden, Canada, Taiwan and
Norway.
Noting that it was an outstanding performance, Mustapa said Malaysia has
overtaken several developed countries such as Denmark, the Netherlands and
Luxembourg, adding that the country continues to be ahead of the United Kingdom,
Korea and Thailand.
Mustapa said a remarkable advancement in the government efficiency rating,
where it has moved up to 9th from 19th place, demonstrated that the Government
Transformation Programme (GTP) was beginning to deliver results.
The GTP, launched last year, has focused government efforts in key areas
such as enhancing the business climate, fighting corruption, improving the
infrastructure, streamlining government procedures and strengthening the
education system.
"While the government has implemented the right policies to improve
competitiveness, local entrepreneurs have played a vital role in leveraging this
business climate to create change and drive growth," Mustapa said.
The business efficiency rating has gone up to 4th place from 13th place
previously.
Mustapa said the government will continue to enhance the services delivery
system, strengthen high quality investments, groom small and medium
enterprises for global competition and nurture innovatiion and creativity.
-- BERNAMA
