MALAYSIA Productivity Corporation (MPC) has launched a project on competitiveness strategy that aims to provide recommendations and guidelines to enhance Malaysia’s competitiveness, business environment, and ease of doing businesses, the agency said in a press statement today.
According to MPC director-general, Abdul Latif Haji Abu Seman, the project, which would be based on indicators in the World Competitiveness Yearbook (WCY), aimed to boost Malaysia’s ranking in global competitiveness.
Currently, Malaysia ranks 27th among 63 countries in WCY 2020, down from its 22nd position last year.
The WCY 2020 assesses a country’s competitiveness based on four input factors namely economic performance, government efficiency, business efficiency, and infrastructure with each factor encompassing five sub-factors.
“The project recently commenced after MPC received its mandate from the Special Task Force on Business Facilitation (PEMUDAH).
“PEMUDAH has been entrusted by the government to drive Malaysia’s competitiveness and productivity based on competitiveness reports published by international rating agencies,” said Abdul Latif.
“These reports assist the government to improve Malaysia’s competitiveness by enhancing its policies and regulations through innovative collaboration with related ministries,” he added.
The project, he noted, was expected to involve various stakeholders from the federal government agencies to the state and local governments during its nine-months project duration and its output would be delivered in the Unified Guideline Repository.
Businesses and the public are expected to benefit from the guidelines produced. – Sept 16, 2020