Malaysia has been ranked among the top 20 investor-friendly countries for the period between 2014 and 2018, according to The Economist Intelligence Unit (EIU)’s latest Business Environment Rankings (BER).
The report, released in May, ranked Malaysia 19th out of 82 countries as the best places to do business in.
Malaysia came in ahead of countries like the United Kingdom, France, South Korea, and Japan, showing an improvement of five places after ranking 24th for the 2009-2013 period.
The country’s regional ranking was unchanged at sixth place, out of 17 countries measured.
“The business rankings model measures the quality or attractiveness of the business environment in the 82 countries covered by The Economist Intelligence Unit’s Country Forecast reports."
“It is designed to reflect the main criteria used by companies to formulate their global business strategies, and is based not only on historical conditions but also on expectations about conditions prevailing over the next five years,” the EIU said in the report.
It said: "Market opportunities in Malaysia would improve, in large part due to the Government’s efforts to raise private sector investment levels."
“The higher global ranking is an indication that the Government’s reforms will overcome many of the structural and political impediments to its ambitious plans to transform the country into a middle-income nation."
“However, Malaysia’s unchanged regional position indicates that it faces strong competition in its own backyard,” the report added.
Singapore retained its No. 1 spot from the 2009-2013 period, and is expected to continue remaining a popular destination for investors over the next five years.
/PEMANDU 17-06-2014
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