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BUSINESS

MPC launches competitive strategy project to increase Malaysia's ranking

16/09/2020 01:14 PM

KUALA LUMPUR, Sept 16 -- Malaysian Productivity Corporation (MPC) has launched a project on competitive strategy which is expected to increase Malaysia’s ranking in the global competitiveness.

The project, with a nine-month duration, is aimed at providing recommendations and guidelines to enhance competitiveness, business environment, and ease of doing business.

In a statement today, director-general Datuk Abdul Latiff Abu Seman said the project will be based on indicators in the World Competitiveness Yearbook (WCY).

“Currently, Malaysia’s position has declined to 27th place among 63 countries in WCY 2020, which assessed 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) which has been entrusted to drive Malaysia's competitiveness and productivity based on competitiveness reports published by international rating agencies,” he said.

These reports, he said, would assist the government in improving the country's competitiveness ranking through improvement at policy level and to formulate better policies.

MPC added the project would involve various stakeholders from the Federal Government agencies to the state and local government, and would deliver its output in the Unified Guideline Repository, which will be beneficial to the business community and public.

Enquiries related to the project can be channelled to competitive@mpc.gov.my.

-- BERNAMA


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