Malaysia’s competitiveness set to improve further

Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

KUALA LUMPUR: The recovery of exports, inflow of investments and better fiscal management are expected to improve Malaysia’s competitiveness, going forward, says Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

Commenting on the recent IMD World Competitiveness Ranking 2024 Report that showed Malaysia had slipped seven places to rank at 34th position out of 67 countries, he said one of the main reasons for the country’s decline in the index was that it was based on data from 2023, citing the ministry’s preliminary study of the report.