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Malaysian economy is Top 20 in the world

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Malaysia ranked No.1 in the world when it comes to getting credit for businesses while our economy is ranked amongst the Top 20 by World Bank 2011.

On similar note, World Bank recently published a new report regarding the easiest country to do business in the world. A high ranking on the ease of doing business index means the regulatory environment is more conducive to start and operate a local firm.

This index averages the country’s percentile rankings on 9 topics, made up of a variety of indicators, giving equal weight to each topic. The rankings are from the Doing Business 2011 report. Malaysia is ranked at position 20 for the year 2011.

Malaysia showed improvements in its online procedures for starting a business, speedy registration of properties and notable ease in tax procedures especially with the introduction of online tax submissions.

Earlier this year, Malaysia also made a significant leap in its IMD World CompetitivenessYearbook, moving up eight places and becoming the 10th most competitive nation in the world.

Sign of economy stabilizing under the leadership of our Prime Minister.