Push away the dark clouds

Investors will go where they get the best bang for the buck. Malaysia must ensure that it remains relevant to not only foreign investors but also domestic ones to drive growth. — IZZRAFIQ ALIAS/The Star

MALAYSIA’S standing within the business community took a hit following the World Competitiveness Ranking 2024 released by the Swiss-based International Institute for Management Development (IMD).

The seven-notch drop to 34th out of 67 countries was made more painful by neighbours Indonesia and Thailand, which leapfrogged Malaysia to 25th and 27th respectively. Singapore remains the most competitive country in the world, according to the annual ranking list.