Latest news with #WorldCompetitivenessRanking2025
Malaysiakini
20-06-2025
- Business
- Malaysiakini
Rankings speak louder than false narratives, PKR MP shells opposition
PKR lawmaker R Yuneswaran has urged the opposition to stop peddling 'false narratives' about the goods and services tax (GST), sales and service tax (SST), and subsidy rationalisation efforts. To underscore that the Madani government is on the right track, the Segamat MP pointed to the International Institute for Management Development World Competitiveness Ranking 2025, which saw Malaysia rise 11 spots with a record high of RM378.5 billion in foreign direct investments.
Barnama
20-06-2025
- Business
- Barnama
MADANI Economic Reform Agenda Yielding Results
BUSINESS PUTRAJAYA, June 20 (Bernama) – The MADANI economic reform agenda has yielded results, said Prime Minister Datuk Seri Anwar Ibrahim. Despite global geopolitical and economic uncertainties, Malaysia has shown encouraging achievements in investment, economic performance, and fiscal stability, said Anwar, who is also the Finance Minister. Citing the World Competitiveness Ranking 2025 by the Institute for Management Development (IMD) recently, Anwar said Malaysia ranks 23rd in the global ranking, up 11 places from 34th in 2024. "This is the best achievement since 2020. We are the only country to record an improvement of more than 10 places," he said at the Finance Ministry's monthly assembly today. Anwar said the overall ranking was driven by improvements in three key areas — economic performance, which rose four spots to 4th in 2025, up from 8th in 2024; government efficiency, which jumped eight steps to 25th in 2025 from 33rd last year; and business efficiency, which rose eight rankings to 32nd in 2025 from 40th in 2024. "This achievement is not only the result of prudent fiscal and financial policies but also due to the competence and capability of our civil servants. "It shows that introducing the Public Service Remuneration System was not in vain – it's an encouragement to consider bonus-related matters next,' he added. Anwar also said the International Monetary Fund (IMF) had noted the reform efforts. "Through the 2025 Article IV mission, the IMF praised Malaysia's commitment to fiscal reforms.
The Sun
20-06-2025
- Business
- The Sun
MADANI economic reform agenda yielding results
PUTRAJAYA: The MADANI economic reform agenda has yielded results, said Prime Minister Datuk Seri Anwar Ibrahim. Despite global geopolitical and economic uncertainties, Malaysia has shown encouraging achievements in investment, economic performance, and fiscal stability, said Anwar, who is also the Finance Minister. Citing the World Competitiveness Ranking 2025 by the Institute for Management Development (IMD) recently, Anwar said Malaysia ranks 23rd in the global ranking, up 11 places from 34th in 2024. 'This is the best achievement since 2020. We are the only country to record an improvement of more than 10 places,' he said at the Finance Ministry's monthly assembly today. Anwar said the overall ranking was driven by improvements in three key areas — economic performance, which rose four spots to 4th in 2025, up from 8th in 2024; government efficiency, which jumped eight steps to 25th in 2025 from 33rd last year; and business efficiency, which rose eight rankings to 32nd in 2025 from 40th in 2024. 'This achievement is not only the result of prudent fiscal and financial policies but also due to the competence and capability of our civil servants. 'It shows that introducing the Public Service Remuneration System was not in vain – it's an encouragement to consider bonus-related matters next,' he added. Anwar also said the International Monetary Fund (IMF) had noted the reform efforts. 'Through the 2025 Article IV mission, the IMF praised Malaysia's commitment to fiscal reforms. They described the implementation of the Public Finance and Fiscal Responsibility Act (FRA) 2023 as a key pillar of the country's fiscal reform,' he said. Anwar reiterated that targeted subsidies and taxation measures are intended to protect the majority of the population. He explained that each fiscal reform initiative does not neglect the welfare of the people. Instead, the government is broadening the tax base and targeting subsidies to improve aid and public services. He noted that in 2023, the government adjusted electricity subsidies in a way that did not burden 85 per cent of the population. 'As a result, we saved RM4 billion – for what? For schools and hospitals,' he said. Anwar added that the targeted diesel subsidy implemented last year also did not burden the public. 'Smuggling to Thailand and Indonesia had gone on for decades and (cost us) tens of billions of ringgit. The government cannot allow that. That is why we enforced controls,' he said. He said the inflation rate was kept under control at 1.8 per cent in 2024 versus 2.5 per cent in 2023 due to targeted subsidy measures.
Barnama
19-06-2025
- Business
- Barnama
Bursa Malaysia Almost Flat At Midday
KUALA LUMPUR, June 18 (Bernama) -- Bursa Malaysia remained almost flat at midday today with buying support continuing in selected heavyweights, interspersed with profit-taking led by consumer products and services counters. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.009 per cent, or 0.13 of-a-point weaker at 1,511.51 from Tuesday's close of 1,511.64. The benchmark index opened 0.25 of-a-point higher at 1,511.89 and moved between 1,509.42 and 1,512.96 throughout the morning session. The broader market was negative, with 419 decliners surpassing 288 gainers. Another 441 counters were unchanged, while 1,258 were untraded and 13 suspended. Turnover stood at 1.62 billion shares worth RM818.59 million. Malacca Securities Sdn Bhd said in a note that interest would persist in gold and oil and gas-related counters, given a prolonged Israel-Iran tension. 'Meanwhile, with Malaysia advancing 11 spots to 23rd in the World Competitiveness Ranking 2025, which measures how business-friendly a country is, we believe investors should continue to look into the construction sector, supported by data centre investments and the Johor-Singapore Special Economic Zone (JS-SEZ) initiative,' it said. The Investment, Trade and Industry Ministry said in a statement yesterday that the latest ranking, up from 34th last year, also reaffirmed the nation's trajectory towards becoming one of the world's top 12 most competitive economies by 2033 as targeted under the MADANI Economy framework. The stockbroking and financial services company also said that it remains optimistic about the solar sector, as many players reported increasing revenue and profits and are expected to benefit from the country's renewable energy goals.
New Straits Times
18-06-2025
- Business
- New Straits Times
Bursa Malaysia almost flat at midday
KUALA LUMPUR: Bursa Malaysia remained almost flat at midday today with buying support continuing in selected heavyweights, interspersed with profit-taking led by consumer products and services counters. At 12.30 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.009 per cent, or 0.13 of-a-point weaker at 1,511.51 from Tuesday's close of 1,511.64. The benchmark index opened 0.25 of-a-point higher at 1,511.89 and moved between 1,509.42 and 1,512.96 throughout the morning session. The broader market was negative, with 419 decliners surpassing 288 gainers. Another 441 counters were unchanged, while 1,258 were untraded and 13 suspended. Turnover stood at 1.62 billion shares worth RM818.59 million. Malacca Securities Sdn Bhd said in a note that interest would persist in gold and oil and gas-related counters, given a prolonged Israel-Iran tension. "Meanwhile, with Malaysia advancing 11 spots to 23rd in the World Competitiveness Ranking 2025, which measures how business-friendly a country is, we believe investors should continue to look into the construction sector, supported by data centre investments and the Johor-Singapore Special Economic Zone (JS-SEZ) initiative," it said. The Investment, Trade and Industry Ministry said in a statement yesterday that the latest ranking, up from 34th last year, also reaffirmed the nation's trajectory towards becoming one of the world's top 12 most competitive economies by 2033 as targeted under the MADANI Economy framework. The stockbroking and financial services company also said that it remains optimistic about the solar sector, as many players reported increasing revenue and profits and are expected to benefit from the country's renewable energy goals. On the technical front, Malacca Securities noted that resistance is anticipated to range between 1,526 and 1,531 points, while support is located between 1,491 and 1,496 points today. Among the heavyweights, Maybank gained 6.0 sen to RM9.61, Tenaga dipped 6.0 sen to RM14.24, Public Bank added 1.0 sen to RM4.23, CIMB slid 1.0 sen to RM6.65, and IHH Healthcare eased 5.0 sen to RM6.84. On the most active stocks, Magma Group rose 3.0 sen to 46 sen, NexG dropped 1.5 sen to 34.5 sen, SNS Network Technology gained 4.0 sen to 53.5 sen, Tanco Holdings inched up 1.0 sen to 98.5 sen and Alam Maritim Resources slid half-a-sen to 3.0 sen On the index board, the FBM Emas Index reduced 5.55 points to 11,297.73, the FBMT 100 Index lost 7.30 points to 11,076.63, and the FBM Emas Shariah Index fell 8.53 points to 11,309.84. The FBM 70 Index lost 35.54 points to 16,187.46, and the FBM ACE Index was 12.86 points lower at 4,430.11. By sectors, the Plantation Index trimmed 13.56 points to 7,237.18, while the Energy Index increased by 5.43 points to 744.20. The Financial Services Index gained 3.38 points to 17,399.95, and the Industrial Products and Services Index decreased 0.08 of-a-point to 150.07.
