Malaysia carried out six business reforms in the past year, regaining a position among the top 20 ranked economies in the world. The acceleration in reforms helped Malaysia advance nine places to a global rank of 15.
“I hope that the government will continue with their reform agenda to sustain the country’s ranking in the top 20 economies in the world,” World Bank Group Senior Economist Arvind Jain told reporters at a press conference here today.
According to the report, Malaysia implemented six business reforms in the past year, covering the areas of starting a business, dealing with construction permits, getting electricity, registering property, trading across borders and resolving insolvency.
However, it said despite the reforms, Malaysia continues to underperform in the area of starting a business, with a global ranking of 122.
Source: The Sun Daily