Enhancing competitiveness via strategic incentives

Attractive tax incentives can only be effective if they are accompanied by certainty and clarity in policies.

MALAYSIA’s rise in the 2023 IMD World Competitiveness Ranking, from 32nd place in 2022 to its current standing at 27th place, is a testament to the nation’s resilience and growth.

This progress aligns with the government’s ambitious goal outlined in the Madani Economy framework: to ascend towards the top 12 global competitiveness ranking within the next decade.