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Malaysia leaps 11 spots to 23rd in global competitiveness – best position in five years
Malaysia leaps 11 spots to 23rd in global competitiveness – best position in five years

The Sun

time4 days ago

  • Business
  • The Sun

Malaysia leaps 11 spots to 23rd in global competitiveness – best position in five years

PETALING JAYA: Malaysia has climbed 11 positions in the 2025 World Competitiveness Ranking (WCR) list, securing 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. 'This achievement is a clear indication that the Madani government's reform efforts are bearing fruit,' Prime Minister Datuk Seri Anwar Ibrahim said in response to the WCR report. 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 fourth 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 sixth, 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 finance minister II, coordinates efforts across ministries to boost competitiveness. At the same time, the Special Taskforce on Agency Reform, 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, Miti said.

Empowering our youth
Empowering our youth

The Star

time16-05-2025

  • Business
  • The Star

Empowering our youth

Strengthening ties: Anwar attending the KazanForum 2025 in Tatarstan, marking the highlight of his official visit to Russia. — Bernama KAZAN: Malaysia has affirmed the crucial role of multilateral cooperation in addressing the evolving challenges faced by youth, especially within the Islamic world, says Datuk Seri Anwar Ibrahim. The Prime Minister said there is a need for inclusive efforts by all sectors of society to support youth development as the cornerstone for nation-building and economic growth. The younger generation, he said, should also not be exposed to the extreme differences of opinions among Muslim leaders and ulama. 'Our youth cannot witness their leaders and the ulama having continuous rancorous exchanges on their differences. 'Nor can they be left to despair over crises like Gaza. Our youth must be given hope and opportunity. We must present them with a vision rooted in unity, values and integrity,' he said in his keynote address at the Strategic Vision Group Meeting: Russia-Islamic World (KazanForum 2025) yesterday. Anwar highlighted the need for leaders and ulama to rise above differences and instil trust and right values in young people, noting that there is a deficit in these qualities within modern political and geopolitical discourse. He said Malaysia addresses these concerns through its Madani Framework which balances economic advancement with value- based governance, Bernama reported. 'We say to our youth, we have high hopes for you. You must be empowered to participate effectively in shaping our future,' he said. The KazanForum 2025 serves as a key platform for fostering economic cooperation between Russia and Islamic countries. Kazan, located more than 830km from Moscow, is the largest city and capital of the Republic of Tatarstan. It is known as an industrial, commercial and cultural centre for the Tatars.

Anwar champions Madani model at Russia–Islamic World dialogue in Kazan
Anwar champions Madani model at Russia–Islamic World dialogue in Kazan

New Straits Times

time16-05-2025

  • Business
  • New Straits Times

Anwar champions Madani model at Russia–Islamic World dialogue in Kazan

KAZAN: Prime Minister Datuk Seri Anwar Ibrahim today promoted Malaysia's Madani Framework as a forward-looking model that blends economic progress with moral leadership. Delivering his keynote at the Strategic Vision Group (SVG) Russia–Islamic World dialogue, Anwar called for the Islamic world to anchor youth empowerment in values, trust and character. The prime minister also urged Muslim nations to stop burdening their youth with despair and division, and instead offer them meaningful participation built on akhlak, ethics and good governance. "In Malaysia, we call this a Madani Nation, where economic growth in areas like semiconductors, artificial intelligence and energy transition is pursued alongside values, character and akhlak," he said. "Youth must be given not just hope, but the space to participate meaningfully in shaping our future. They should not be left in despair." Anwar's speech came as the SVG dialogue, which is part of the KazanForum 2025, focused on the experiences of Russia and Islamic countries in youth policy. The session was opened by Rais (Head) of Tatarstan Rustam Minnikhanov, who welcomed participants and reaffirmed the importance of building platforms for youth engagement across cultures. Reflecting on his earlier meeting with President Vladimir Putin in Moscow, Anwar said the Russian leader had urged stronger Malaysian support for the KazanForum, which aims to bridge ties between Russia and the Islamic world. "President Putin made a clear appeal to encourage countries like Malaysia to support KazanForum for development, peace and sustainability and of course, inclusiveness," Anwar said. He warned against "continued rancour" and division among political and religious leaders, especially in the face of global crises such as the war in Gaza, saying it left young people feeling helpless and disillusioned. "Our youth cannot keep watching leaders and scholars engaged in constant rancour over differences. We must offer them hope and opportunity, not despair." He praised the leadership of Tatarstan for not only hosting high-level dialogues but also involving youth directly in evaluating the outcomes and offering alternative solutions. "I commend my brother Rais Rustam. This dialogue does not end with speeches from us, he will ensure the youth themselves participate, respond and shape the next steps," Anwar said. He urged future editions of the forum to elevate youth voices further, calling for decision-makers to listen to what the next generation believes should be prioritised in global Islamic cooperation. Anwar's remarks capped the final day of his four-day official visit to Russia, which began in Moscow and included meetings with President Putin, Prime Minister Mikhail Mishustin and key industry players. His Kazan leg focuses on Islamic diplomacy, halal economy partnerships and South–South cooperation.

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