logo
MITI urged to boost anti-corruption efforts with business community

MITI urged to boost anti-corruption efforts with business community

The Sun9 hours ago
PUTRAJAYA: The Ministry of Investment, Trade and Industry (MITI) has been urged to strengthen collaboration with businesses and investors to address corruption concerns affecting Malaysia's economic growth.
The recommendation emerged during a meeting of the Corruption Perceptions Index (CPI) Special Task Force, led by Chief Secretary Tan Sri Shamsul Azri Abdul Bakar.
The task force highlighted the need for MITI to conduct engagement sessions with the business community, including the Special Task Force to Facilitate Business (PEMUDAH), to gather direct feedback on corruption risks.
The sessions aim to enhance transparency and trust in Malaysia's governance system.
Key reform strategies identified include promoting integrity culture and leveraging technology to combat corruption.
Local authorities were also encouraged to lead by example in ethical governance.
'The CPI Special Task Force remains fully committed to strengthening governance and anti-corruption efforts through a whole-of-government approach,' the statement read.
Malaysia's improved performance in the IMD World Competitiveness Ranking 2025, rising 11 spots to 23rd place, was partly attributed to progress in the Bribery and Corruption indicator.
The task force hopes these efforts will further elevate Malaysia's CPI ranking, targeting a top-25 global position within a decade.
The meeting was attended by MACC Chief Commissioner Tan Sri Azam Baki and CPI task force members.
The group was formed to strategise improvements in Malaysia's anti-corruption measures and global perception. – Bernama
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Miti urged to ramp up anti-graft meetings with business community
Miti urged to ramp up anti-graft meetings with business community

Malaysiakini

time44 minutes ago

  • Malaysiakini

Miti urged to ramp up anti-graft meetings with business community

The Investment, Trade, and Industry Ministry (Miti) was urged to intensify engagement with businesses and investors on corruption-related issues. This was among the priorities identified in a meeting of the Corruption Perceptions Index (CPI) Special Task Force, chaired by Chief Secretary to the Government Shamsul Azri Abdul Bakar in Putrajaya yesterday. In a statement issued after the meeting, the task force said...

Canada's CPI rises 1.9 pct in June
Canada's CPI rises 1.9 pct in June

The Star

timean hour ago

  • The Star

Canada's CPI rises 1.9 pct in June

OTTAWA, July 15 (Xinhua) -- Canada's Consumer Price Index (CPI) rose 1.9 percent on a year-over-year basis in June, up from a 1.7 percent increase in May, Statistics Canada said Tuesday. Headline inflation grew at a faster pace, as gasoline prices fell to a lesser extent in June than in May, said the national statistical agency, adding that faster price growth for some durable goods, such as passenger vehicles and furniture, put upward pressure on the CPI in June. The CPI excluding energy remained higher than the CPI in June, partly due to the removal of consumer carbon pricing in April, said the agency. On a monthly basis, the CPI rose 0.1 percent in June, said Statistics Canada.

Trade performance on track to hit growth target
Trade performance on track to hit growth target

The Star

time2 hours ago

  • The Star

Trade performance on track to hit growth target

Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz. — Reuters KUALA LUMPUR: Malaysia's trade performance for this year remains within expectations and is on track to reach the target growth of 4% to 5%, says Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz. Nevertheless, Tengku Zafrul said the Investment, Trade and Industry Ministry (Miti) expects global trade to moderate in the second half of 2025 (2H25) amid ongoing uncertainties. 'Yes, there is some front-loading, especially in the last five months, but at the same time, given the Aug 1 deadline (for US tariffs), we expect the (moderation) to continue. 'We are going to issue the latest trade numbers for June on Friday, and what is important is that Malaysia's trade performance is still within expectations,' he told a press conference on Miti's report card for the second quarter of this year. Tengku Zafrul noted that the projection by Bank Negara for trade growth is around 5% this year, while the Finance Ministry has projected about 3.9%. 'We will continue to focus on achieving (those) targets,' he said. Earlier during the report card presentation, Tengku Zafrul highlighted that the country has been gathering a total of RM25.6bil in potential investments and RM30.8bil in potential exports from the trade and investment missions held to date. Malaysia has also recently inked new free trade agreements with the European Free Trade Association (EFTA) in June, which is expected to reach a total of RM14.4bil in trade with the EFTA market. Meanwhile, on the tariff negotiation with the United States, Tengku Zafrul said his ministry is now looking at tariff and non-tariff related matters that can be agreed upon by both parties. 'I have set a deadline for the negotiation team, and there are issues that we still need time for because they involve many agencies and ministries. 'We are trying to conclude it before US President Donald Trump's tariff deadline on Aug 1. We are doing the calculations as well on what the impact is to our export and the impact to the government's revenue as well. 'We will continue to have another discussion this week and accelerate the discussion until the end of this month,' he added. Tengku Zafrul noted that some concerns on non-tariff issues have been addressed by Miti through the implementation of the Strategic Trade Act 2010, while 'red line' issues, such as those related to the equity interest in certain sectors, need to be studied carefully. 'As you know, Malaysia has equity restrictions for foreign shareholders for certain sectors, so there is a request for us to relook at or liberalise those sectors. Many countries have also been asked to do the same. 'For us, we need to consult the industries whether we are ready to liberalise those equity shareholding restrictions, especially when it comes to foreign equity restrictions that we have for many sectors. 'So we need to study carefully what the impact is,' he said. — 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