Extracted by Chris Ng
News Update
- Malaysia has fallen 6 places in global rank of competitiveness at 16th spot for year 2011.
- y-o-y declines in business legislation, institutional framework, international investment and finance
- challenges for Malaysia is to find new growth sources and modernise business regulations
- retainment of world class talent is priority, along with enhancement of technological infrastructure and R&D
- biggest declines were from growing inflation and lower current account balance
- Hong Kong and US shared the top ranking, whilst Singapore has dropped from 1st to 3rd place.
Our Final Thoughts
- Malaysia need to implement the economic transformation initiatives soonest possible
- Stop all "talk but no actions"!
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