The adverse impacts of RM55 billion 1MDB global scandal are beginning to bite on the country’s long-term competitiveness prospects.
The ebullient statement by the Minister for International Trade and Industry, Datuk Mustapha Mohamad that Malaysia maintained its top 20 position among 61 global economies in World Competiveness Year (WCY) 2016 cannot hide the fact that Malaysia’s WCY ranking is the worst in the seven-year premiership of Datuk Seri Najib Razak.
Malaysia’s WCY rankings in the past seven years under Najib’s premiership, falling from the 10th ranking in 2010 to the present 19th position, were: Continue reading “Call on Najib to relinquish the portfolio as Finance Minister as one step to deal with the headwinds undermining Malaysia’s economy and competitiveness caused by the 1MDB scandal”