KUALA LUMPUR: The government and business sectors need to work together as ‘Team Malaysia’ to boost the nation’s flagging competitiveness, according to the Small and Medium Enterprises Association of Malaysia (SAMENTA).
It said the latest IMD World Competitiveness Ranking, which saw Malaysia sliding by seven places to the 34th spot out of 67 economies ranked from its previous 27th position in 2023, was a wake-up call and an opportunity for the country to reassess national priorities and strengthen the synergy between government and business to drive economic growth.
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