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Tengku Zafrul will elaborate on Malaysia’s placement in world competitiveness ranking today | Scoop

Tengku-Zafrul — Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz says he will give a detailed explanation on the issue later today. – Bernama file pic, June 20, 2024

Tengku Zafrul will elaborate on Malaysia’s placement in world competitiveness ranking today

The ministry has received the report and is currently in the midst of reviewing it

Updated 20 June, 2024

20 June, 2024

1:19 PM MYT

KUALA LUMPUR – Investment, Trade, and Industry Minister, Datuk Seri Tengku Zafrul Tengku Abdul Aziz will elaborate on details of Malaysia’s position in the World Competitiveness Ranking released by the International Institute for Management Development (IMD) today.

According to him, the ministry has received the report and is in the process of reviewing it to understand the various issues related to global trade.

“I will discuss it with the team and all relevant parties, and I will provide a detailed explanation on the matter this evening,” he told reporters after the announcement of Malaysia’s participation in the World Expo 2025 in Yumeshima island, Osaka, Japan.

Malaysia has slipped by seven places to rank at 34th out of 67 countries in IMD’s World Competitiveness Ranking 2024, after ranking 27th in the index last year.

In the Asia-Pacific region, Malaysia slid by four spots to the 10th position out of 14 countries. – June 20, 2024

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