Monday, May 23, 2011

Malaysian Competitive Position

Malaysia has been hit by the problem of losing its competitive position in the world market. While the government is trying to convince the Malaysian on how good things are going, but the majority may feel otherwise.

While the ETP ( economic transformation program) is still hot in its implementation, it does not really respond to the issue of competitiveness. They consist of projects that was intended to increase the GDP.

While Jala, the minister for transformation tried to play down the report by saying that it was the opinion of 110 people from 28 million, the truth may be far from it. I doubt the report of world standing was made solely based on opinion on 110 people.

Read more from the paper..

May 22, 2011 ... Jala surprised by fall in world competitive ranking. By YUEN MEIKENG meikeng@ thestar.com.my. KUALA LUMPUR: Minister in the Prime Minister's ...
thestar.com.my/news/story.asp?file=/2011/5/22/nation/8733876&sec=nation


Sunday May 22, 2011

Jala surprised by fall in world competitive ranking

By YUEN MEIKENG
meikeng@thestar.com.my


KUALA LUMPUR: Minister in the Prime Minister's Department Datuk Seri Idris Jala has expressed surprise that Malaysia has fallen six places in international competitiveness ranking from last year.

However, Jala, who is also the Performance Management and Delivery Unit (Pemandu) CEO, said he accepted the ranking and would look into areas which could be improved.

“We are studying the report on Malaysia's position in the World Competitiveness Yearbook 2011.

“We will look into issues and areas of weaknesses and find ways to improve them,” he said after the “How you can participate and benefit from the Economic Transformation Pro-gramme (ETP)” seminar held at Wis-ma Chinese Chambers here yesterday.

Jala added that the Government would analyse the details of the report next week.

In the scoreboard released by Switzerland-based Institute of Management Development, Malay-sia's ranking dropped from 10th place to 16th out of 59 participating countries.

Jala said the ranking was produced from interviews with 110 people although there were about 28 million Malaysians.

“The ranking is the result of the views of those 110 people. If you ask another 110 people, they may have different views,” he said, adding that it had only been six months since the ETP was introduced.

“It will take time for the ETP to show fruition in the economy.

“I remain positive that this is a great country with a great future,” he said, adding that there was still a need to improve government and business efficiency.

On the Chinese community's acceptance of the ETP, Jala said their response was excellent and he was very encouraged by it.

“Many Chinese small and medium enterprises have raised their issues with us and we are looking for solutions,” he said.

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