ASEAN KEY DESTINATIONS
Malaysia’s “doing business” rating improves
Malaysia has moved up five notches to 18th place in the World Bank Doing Business Report 2012, ahead of developed economies such as Germany, Japan, Taiwan and Switzerland.
In a statement here Thursday, Chief Secretary to the Government, Tan Sri Mohd Sidek Hassan, said the report came in the wake of concerted efforts and initiatives launched by the government to improve public service delivery.
The country was also cited for being one of 24 countries that had set up regulatory reform committees reporting directly to a prime minister or president, he said.
"Among other Asian countries ranked above Malaysia in the report is Singapore which is ranked in the first place, Hong Kong and China shared the second position, South Korea was in eighth place and Thailand 17th," he said.
"The world ranking showed that the reform measures implemented by the government are beginning to show results," he said.
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