Prime Minister Datuk Seri Najib Tun Razak is committed to continue propelling Malaysia to a higher level of competitiveness, guided by the New Economic Model (NEM) announced in 2010.
"I am committed to make Malaysia more competitive and I have been clear on this stand with my domestic policies," he said in his posting on the website www. najibrazak.com last night.
"I have always maintained that our New Economic Model's aim is to catapult Malaysia into a more competitive, productive and investor-friendly destination.
"And as Prime Minister, my policies both domestic and abroad, aim to deliver this and ensure that we put the people's needs first," he said.
Najib, who has just returned home after a three-day official visit to Germany since Monday, said there were many positives to be taken from the recently released annual World Economic Forum's Global Competitiveness Report (GCR).
Last Wednesday, Malaysia has been ranked a highly commendable 25th out of 138 economies, however, it was down from 18th last year.
"In this increasingly competitive world, we cannot afford to rest on our laurels. We must remain committed in dissecting the causes and make immediate improvements.
"We must admit that the drop in overall rankings was also due to external and domestic factors, some of which are beyond the ambit of the government," Najib stressed.
In order to remain competitive, he pointed out that Malaysia must strive to continuously improve the accessibility to loans and produce talent.
With regards to education, he said the recently launched blueprints for education and higher education have made it clear that science, technology, engineering and mathematics must be integrated with the humanities, social sciences and entrepreneurship in an interdisciplinary manner.
Meanwhile, Najib was satisfied that Malaysia has again been recognised as the most competitive among other emerging markets in Asia.
"We are still ahead of economic giants in the likes of South Korea, Iceland and China and this is even more remarkable in a tumultuous global economic climate," he said.
Najib said the government's policies were working properly in line with the aims to reach a high income status by 2020 and attract as well as retain investors.
"We are now 4th in the world, up from an already praiseworthy 5th – in protecting our investors here in Malaysia.
"Malaysia is also held in high regard among investors for ease of doing business and we have managed to uphold our very enviable 6th ranking.
"Our policies also encourage and nurture start-ups. Today, four days is all it takes to start a business in Malaysia – advancing our ranking to 15th from 24th previously," he said.
Najib, who is also Finance Minister, said Malaysia's 8th ranking in efficient government spending reflects the success in cutting budget deficit since he took office as Prime Minister.
He said the government's initiative in efficient spending has also managed to consistently reduce the fiscal deficit and Malaysia's GCR ranking of 69th in the world, up from 85th was an acknowledgement of that fact.
For Malaysia to become even more competitive, it is imperative for the government to provide an attractive environment for talent, as well as one which enables them to thrive.
"Malaysia's efforts to offer an environment which nurtures innovation and creativity has proven to be fruitful.
"We are 8th and 11th respectively in our ability to retain and attract talent," he said. - Bernama
Bernama
Fri Sep 30 2016
DATUK SERI NAJIB: I have always maintained that our New Economic Model's aim is to catapult Malaysia into a more competitive, productive and investor-friendly destination. - Filepic
Akaun Fleksibel KWSP: Pengeluaran tahun pertama dianggarkan cecah RM25 bilion
Akaun 3 KWSP yang menjadi tumpuan ramai, dikenali sebagai Akaun Fleksibel dan merupakan pilihan bagi sejumlah 16.07 juta ahli.
Lelaki ragut wanita di Klang menangis dipenjara lima tahun, dua sebatan
Tertuduh, Muhammad Syafiei Hasan, 24, dikenakan hukuman itu selepas mengaku bersalah atas pertuduhan yang dibaca di hadapan Hakim, Sharifah Hascindie Syed Omar.
UAE salur AS$544 juta baiki rumah penduduk yang rosak akibat hujan
UAE meluluskan pakej bernilai AS$544 juta untuk membantu membaiki kediaman penduduk yang terjejas semasa cuaca buruk baru-baru ini.
‘Silent Cinema’ - Pengalaman baharu tonton filem dengan gaya hip dan trendy
Jangan lupa untuk membawa fon kepala atau fon telinga anda untuk merasai sendiri pengalaman baharu ini.
AWANI Ringkas: Lelaki lepas tembakan di KLIA didakwa cuba bunuh isteri
Ikuti rangkuman berita utama yang menjadi tumpuan sepanjang hari di Astro AWANI menerusi AWANI Ringkas.
Peniaga wanita ditahan jual beg tiruan dalam talian
Seorang peniaga wanita ditahan selepas dikesan menjalankan aktiviti menjual beg tiruan dalam talian menggunakan cap dagangan secara salah.
Fahmi kesal Universiti Malaya jemput penceramah cetus kontroversi berkaitan Palestin
Beliau kesal terhadap Universiti Malaya kerana menjemput seorang penceramah warga asing yang mengeluarkan kenyataan mencetuskan kontroversi berkaitan Palestin.
Nahas helikopter Lumut: Mendiang Joanna Felicia disemadi dengan istiadat ketenteraan
Keranda mendiang diturunkan sekitar jam 11.20 pagi selepas upacara keagamaan berakhir, diikuti kawad hormat bersenjata disempurnakan oleh 12 pegawai dan anggota TLDM yang berpangkalan di Kuching.
DNB umum ahli lembaga pengarah baharu merangkumi lima pengendali rangkaian mudah alih
DNB melantik ahli lembaga pengarah baharu, yang terdiri daripada pemimpin-pemimpin kanan industri telekomunikasi dan teknologi.
Warga emas maut langgar penghadang besi di Gua Musang
Seorang lelaki warga emas maut selepas kenderaan dipandunya terlanggar penghadang besi di Jalan Persiaran Raya susur Taman Damar, Gua Musang.