Summary
While the news that Malaysia has climbed five steps in this year's Global Competitiveness Report compiled by the Geneva-based World Economic Forum augurs well for the country, more needs to be done to counter bureaucratic ineptitude, abuse of power and corruption to further boost our image.
THE news that Malaysia has climbed five steps in this year's Global Competitiveness Report (GCR) compiled by the Geneva-based World Economic Forum (WEF) could not have come at a more trying time.See the full content of this document
Extract
Translating Perception Into Reality
Just days before that, Bank Negara Malaysia Governor Tan Sri Zeti Akhtar Aziz announced that Malaysia's economic growth decelerated to its slowest pace of 4% since the 2009 recession.
The Central Bank chief said the country was hit by a slowdown in external demand and moderation in government spending, despite some soothsayers in the government saying otherwise.This was the fifth consecutive decline in quarterly growth and down from the ...See the full content of this document
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