logo
MITI Urged To Step Up Anti-Corruption Engagement With Business Community

MITI Urged To Step Up Anti-Corruption Engagement With Business Community

Barnamaa day ago
PUTRAJAYA, July 15 (Bernama) -- The Ministry of Investment, Trade and Industry (MITI) has been urged to intensify engagement with the business community and investors to gather feedback on corruption-related issues that could impact Malaysia's business and investment prospects.
This reform strategy was among key priorities identified during the meeting of the Corruption Perceptions Index (CPI) Special Task Force chaired by Chief Secretary to the Government Tan Sri Shamsul Azri Abdul Bakar here today.
In a statement issued after the meeting, the Task Force said the engagement sessions should also involve the Special Task Force to Facilitate Business (PEMUDAH).
Other priority reform strategies identified by the CPI Focus Group include fostering a culture of integrity and adopting technology to combat corruption, with local authorities (PBT) being positioned as role models for other municipal councils.
'The CPI Special Task Force, under the leadership of the Chief Secretary, remains fully committed to strengthening governance and anti-corruption efforts through a whole-of-government approach.
'The Task Force expressed hope that the strategic initiatives it is implementing will positively influence Malaysia's performance in future CPI rankings and bolster public and investor confidence in the nation's governance system,' the statement read.
It also noted that Malaysia's performance in the IMD World Competitiveness Ranking 2025 showed significant improvement, climbing 11 spots from 34th in 2024 to 23rd this year.
'The Bribery and Corruption indicator, which improved by 12 positions, also contributed to the overall rise in Malaysia's competitiveness ranking,' the statement added.
The meeting today was attended by Malaysian Anti-Corruption Commission (MACC) Chief Commissioner Tan Sri Azam Baki and members of the CPI Special Task Force.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

DPM Zahid To Visit New Zealand's National Crisis Management Centre Today
DPM Zahid To Visit New Zealand's National Crisis Management Centre Today

Barnama

time5 hours ago

  • Barnama

DPM Zahid To Visit New Zealand's National Crisis Management Centre Today

GENERAL WELLINGTON, July 17 (Bernama) -- Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi is scheduled to visit New Zealand's National Crisis Management Centre today to observe the country's disaster and crisis response framework. Located in the Beehive Bunker beneath New Zealand's Parliament, the visit forms part of the fourth day of his official working trip to the country, in line with his responsibilities as Chairman of Malaysia's Central Disaster Management Committee (JPBP). The visit aims to gain insights into New Zealand's emergency response systems, inter-agency coordination, and post-disaster recovery strategies – areas for which the country is widely recognised for its preparedness and transparency. Ahmad Zahid is also expected to hold a bilateral meeting with New Zealand's Minister for Agriculture, Trade and Investment, Todd McClay, to explore potential cooperation in food security and strategic supply chains. Later in the day, he will attend a community engagement session with Malaysians in Wellington, where over 250 citizens residing in the country are expected to participate. The Deputy Prime Minister is scheduled to conclude his working visit and return to Kuala Lumpur on Friday (July 18). Since arriving in Auckland on July 14, he has met with local industry leaders and business groups, including the ASEAN–New Zealand Business Council (ANZBC). On the second day, he travelled to Rotorua for the Māori Business Roundtable, aimed at strengthening collaboration in indigenous and social development initiatives. On the third day, he was in the capital for meetings with senior New Zealand government officials at the Beehive, as part of ongoing efforts to further enhance Malaysia–New Zealand bilateral relations.

PM urges business-friendly reforms following Malaysia's ranking rise
PM urges business-friendly reforms following Malaysia's ranking rise

New Straits Times

time7 hours ago

  • New Straits Times

PM urges business-friendly reforms following Malaysia's ranking rise

PUTRAJAYA: Prime Minister Datuk Seri Anwar Ibrahim has urged all stakeholders to intensify efforts to enhance the ease of doing business in Malaysia, following the country's improved performance in the IMD World Competitiveness Ranking 2025, where it jumped 11 places to rank 23rd globally. Anwar described the result, the best in five years, as a clear sign of progress, but warned that sustained reforms remain necessary to maintain momentum. "I urge all relevant parties to continue strengthening their resolve and efforts to improve the ease of doing business in the country," he said in a Facebook post after chairing the National Physical Planning Council meeting. He also said that comprehensive reform in governance and public service delivery is important, highlighting the need for systems that are more efficient, transparent and uphold integrity. Anwar added that effective planning under the Town and Country Planning Act 1976, including reviewing state structure plans and land use proposals, is vital to ensure that development remains people-centric and investor-friendly. "These steps are crucial to safeguard national prosperity, boost investor confidence, and most importantly, ensure that the well-being of the people remains at the heart of development," he said.

Ringgit closes slightly lower vs US$, stays defensive despite Fed concerns
Ringgit closes slightly lower vs US$, stays defensive despite Fed concerns

The Star

time7 hours ago

  • The Star

Ringgit closes slightly lower vs US$, stays defensive despite Fed concerns

KUALA LUMPUR: The ringgit slipped 0.01 per cent against the US dollar at the close, as the local note continued trading on the defensive today, which offered some technical comfort for the ringgit. At 6 pm, the local note was traded at 4.2400/2490 from 4.2395/2440 at Wednesday's close. SPI Asset Management managing partner Stephen Innes said the ringgit is under pressure mainly because of concerns that the United States (US) Federal Reserve (Fed) might keep interest rates higher for longer, as markets reassess the inflation outlook. He added that the US dollar has strengthened recently as investors are becoming less certain that the Fed will cut rates in September. Innes also said that the dollar's recent bid reflected a subtle but growing shift in sentiment, which markets are slowly walking back their conviction that the Fed will cut the interest rate in September. "Sticky core inflation, fueled in part by service-sector dynamics and the slow-burn impact of tariffs, is keeping the Fed in a wait-and-see mode. "The ringgit remains vulnerable to a temporary widening in the US-Malaysia exchange rate spread. This does not necessarily break the broader 4.20-4.30 range, and we are still inside expected bands for now, but it does create a bias for further weakness,' he added. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said that the ringgit weakened against the US dollar in the early morning session to 4.2575 in response to the US Consumer Price Index, which continued to increase in June to 2.7 per cent from 2.4 per cent previously. "The latest CPI print appears to give the impression that the Fed may not be inclined to cut the Fed Fund Rate in the upcoming meeting in July. "In a nutshell, the ringgit maintained its narrow-range trade in light of the ongoing uncertainties over the US tariffs,' Mohd Afzanizam said. At the close, the ringgit was traded higher against a basket of major currencies. It strengthened against the British pound to 5.6786/6907 from yesterday's close of 5.7047/7107, improved against the Japanese yen to 2.8508/8569 compared with 2.8702/8734, and was up versus the euro at 4.9248/9352 versus 4.9539/9591. The local note also trended higher against ASEAN currencies. It traded higher vis-a-vis the Singapore dollar at 3.2999/3071 from 3.3095/3133 yesterday, inched up against the Indonesian rupiah to 260.3/260.9 from 260.6/261.0, and strengthened versus the Philippine peso to 7.43/7.45 from 7.47/7.49. It also gained against the Thai baht to 13.0301/0630 from 13.0784/0988. - Bernama

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store