MPC launched a project on competitiveness strategy to elevate Malaysia’s global ranking

Malaysia Productivity Corporation (MPC) recently launched a project on competitiveness strategy that aims to provide recommendations and guidelines to enhance competitiveness, business environment, and ease of doing businesses, which subsequently is expected to increase Malaysia’s ranking in global competitiveness.

According to Director-General of MPC, YBhg. Dato’ Abdul Latif Haji Abu Seman, the project will be based on indicators in the World Competitiveness Yearbook (WCY).

“Currently, Malaysia’s position has declined to 27^th, among 63 countries, in the World Competitiveness Yearbook (WCY) 2020. 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. These reports assist the government to improve Malaysia’s competitiveness ranking through improvement at policy level and to formulate better policies through engagements with related ministries and agencies through innovative collaboration in terms of policy making and regulatory,” he said.

The project is expected to involve various stakeholders from the federal government agencies to the state and local governments during its 9 months project duration. The project will deliver its output in the Unified Guideline Repository. Businesses and the public are expected to benefit from the guidelines produced.

Enquiries related to the project can be channeled to [email protected].