Guan Eng: ETP fails to improve Malaysia Competitiveness..good article

KUALA LUMPUR (Sept 6): Penang Chief Minister Lim Guan Eng took the government to task for Malaysia’s fall in the latest fall in Global Competitive Index, which was released by the World Economic Forum on Wednesday.

In a press release on Thursday, Lim said: “Malaysia’s drop in the Global Competitiveness Index 2012-2013 to 25th spot from 21st last year is not only simply a failure of the Prime Minister Datuk Seri Najib Razak’s Economic Transformation Programme (ETP) but also a failure in technological readiness, fighting crime and building human capital formation.

“In Jakarta, the City Mayor has just announced free WiFi would be available on main roads and highways. As digital intelligence is of critical importance in the internet connected world, providing free WiFi in public places would provide a much needed boost. There is no reason why free WiFi in public places cannot be done throughout Malaysia, if it can be implemented in Penang,” said Lim, who is also DAP Secretary-
general and MP for Bagan.

Lim added the common perception of an increase in crime also negatively impacted Malaysia’s ranking as there is a cost to that in business and people’s daily life. Lim noted that the Global Competitiveness Report “shows [that not] only the general public, but even investors and international community, do not feel as safe as they would like in Malaysia“.

The report has also identified inefficient government bureaucracy, corruption, an inadequately-educated workforce, poor work ethics in the labour force and restrictive labour regulations as the top five problems faced when doing business in Malaysia.

“Unless Malaysia succeeds in stopping the ruinous exchange of human talent with unskilled foreign workers, Malaysia’s hopes to escape the middle-income trap and join the ranks of high-income economies will remain a pipe dream,” Lim said. The Global Competitiveness Report is a yearly report published by the World Economic Forum.

Source: The Edge

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Alex Wong CPA Australia Melbourne University, Australia In Tune specialises in finance and accounting outsourcing, human resource (HR) outsourcing to SME business owners; that traditionally cannot afford professional services which they now can at a fraction of the cost less the headache; so that they have more time to focus on the business operations that matters to them. Why hire an executive when you can now get at least one qualified professional with an executive at less than an executive pay.

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