COMMENT | Chance to re-assess our priorities after IMD ranking drop

COMMENT | The Small and Medium Enterprises Association of Malaysia (Samenta) noted with concern the drop in Malaysia’s ranking in the International Institute for Management Development (IMD) World Competitiveness Ranking by seven places.

This is a wake-up call and an opportunity for the country to re-assess our national priorities and to build a stronger government and business nexus to drive our economy forward.

The IMD has been publishing the World Competitiveness Ranking since 1989 and ranks all participating economies’ ability to create and sustain an environment in which enterprises can compete and prosper.

This is derived from a blend of economic data and opinions of investors and the business community.

Many of our members took part in the survey which forms part of the ranking indicators.

Whilst it is true that this is our lowest ranking over the past 20 years, and Indonesia’s highest in the same period - we need to study deeper to understand better how we have come to this point.