Malaysia comes 12th out of 185 competing countries
KUALA LUMPUR: Malaysia is the 12th most competitive economy in the world for doing business, according to the 2013 edition of The World Bank's "Doing Business" report.
The ranking places Malaysia ahead of economies like Sweden (13th), Taiwan (16th), Germany (20th), Japan (24th) and Switzerland (28th).
International Trade and Industry Minister Datuk Seri Mustapa Mohamed said in a statement that Malaysia’s new ranking is a significant improvement over last year’s 18th position and 23rd in 2010, continuing a trend of improving competitiveness which began four years ago.
"This year’s climb by six notches to 12th spot represents the country’s largest leap in competitiveness ranking in recent years," he added.
The World Bank report surveys 185 economies across competitive criteria such as ease of starting a business, getting licensing approvals, efficiency of tax administration and ease of trading across borders.
Malaysia improved its competitiveness in five areas of business, namely, getting electricity (from 59th to 28th), registering property (59th to 33rd), paying taxes (41st to 15th), trading across borders (29th to 11th) and dealing with construction permits (113th to 96th). - The Mole
Guess the Barisan Nasional-led Government must be doing something right to register such an achievement in the global arena. This is not about who talks more or who is the champion of champion in public debates. This is about achievements, real tangible achievements recognised by investors.
p/s This is something which Anwar Ibrahim and gang won't talk about because it involves showing results and fulfilling promises. Janji DiTepati must be a bad word in their vocabulary.