Vital to improve the ease of doing business

Challenging landscape: A couple enjoying the view of the Kuala Lumpur city skyline. While Malaysia is still the second best place to do business in South-East Asia, the drop in the ranking is somewhat of a concern, given the latest developments in global finance and policy.

OVER the past four years, Malaysia’s ranking in the World Bank’s Doing Business report has slipped.

Since 2013, Malaysia’s ranking as the sixth easiest place in the world to do business has fallen to 24th place. Many reasons have been attributed to the decline, but the overall explanation is that other countries are doing more and running faster to improve their position in the ranking.