Malaysia on right track of revitalisation, competitiveness, says IMD

“The nation requires reforms aimed at specialising in its strengths, ensuring that the education system prepares students for future jobs and preventing brain drain, implementing digital transformation in businesses and advancing in all aspects of digitisation, from infrastructure to innovation,” International Institute for Management Development's (IMD) head of competitiveness centre, Arturo Bris said.

KUALA LUMPUR: The Malaysian government should continue its efforts to revitalise the economy and increase the country’s competitiveness, says the International Institute for Management Development (IMD).

Its head of competitiveness centre, Arturo Bris said there are many uncertainties that are beyond the control of the central government including inflationary pressures emanating from abroad, rising energy prices, the risk of recession not only in the United States but globally, and the repercussions of the Russia and Ukraine conflict, which has impacted not only Malaysia but also other countries.