Malaysia achieves significant improvement in global competitiveness, says WCR report

Malaysia's advancement from 34th place last year highlights the country's robust economic recovery and ongoing reform initiatives, as noted by Miti.
KUALA LUMPUR: Malaysia has climbed 11 positions in the 2025 World Competitiveness Ranking (WCR), securing the 23rd spot out of 69 economies—its highest placement since 2020.
The WCR, released each year by the Institute for Management Development in Switzerland, evaluates countries based on their ability to foster a supportive business environment and drive sustainable economic growth.
Malaysia's advancement from 34th place last year highlights the country's robust economic recovery and ongoing reform initiatives, as noted by the Ministry of Investment, Trade and Industry (Miti).
This progress supports Malaysia's goal of joining the world's top 12 most competitive economies by 2033, as set out in the Madani Economic Framework.
According to the WCR, Malaysia's enhanced global competitiveness is driven by strong economic performance, improved government efficiency, and more effective business operations.
The country now ranks 4th globally in economic performance—up four spots from last year—while government and business efficiency factors each improved by eight positions.
International trade has also seen significant progress, climbing 11 places to rank 6th, thanks to robust export growth, diversified markets, and increased tourism receipts, which together have strengthened Malaysia's trade surplus.
At the strategic level, the National Competitiveness Committee, co-chaired by the Finance Minister II, coordinates efforts across ministries to boost competitiveness.
At the same time, the Special Taskforce on Agency Reform (STAR), led by the Chief Secretary to the government, ensures the effective implementation of over 1,000 projects under the Public Service Reform Agenda.
Further, Miti emphasises that these bureaucracy-related reforms are closely linked to facilitating strong investment and industrial growth, both of which are essential for making Malaysia a more attractive investment destination.
The whole-of-government approach under the Madani framework demonstrates its commitment to comprehensive structural reforms.
With an ongoing commitment from federal and state governments and close collaboration with the private sector, Malaysia is well-positioned to achieve its goal of becoming one of the world's 12 most competitive economies by 2033.

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The Star

4 hours ago

The Star

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MALAYSIA achieved the strongest growth in the latest World Competitiveness Ranking (WCR), jumping 11 spots to reach 23rd place among the 69 countries surveyed. This remarkable improvement follows a decline in the 2024 WCR, where Malaysia dropped seven spots to rank 34th with a 68.13 score. Billed as RM9.73 for the 1st month then RM13.90 thereafters. RM12.33/month RM8.63/month Billed as RM103.60 for the 1st year then RM148 thereafters. Free Trial For new subscribers only

Malaysia to maintain anti-dumping duties on CRC imports from China, Japan

The Sun

6 hours ago

The Sun

Malaysia to maintain anti-dumping duties on CRC imports from China, Japan

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