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Sunday, 11 September 2011

Country is 6th most competitive —Review

KUCHING: Malaysia is the sixth most competitive country in Asia-Pacific in the Global Competition Review (GCR) 2011-2012 published in the World Economic Forum (WEF).

Deputy Minister of International Trade and Industry Datuk Jacob Dungau Sagan said the country being rated 21st this year was behind Singapore, Japan, Hong Kong, Taiwan and Australia.
“Among the Asean countries, we are the second after Singapore. According to the latest standing of GCR, Malaysia is now placed 21st against 26th last year,” he said when witnessing the signing of a Memorandum of Understanding (MoU) between Smart Reader Worldwide Sdn Bhd and Prodigy Music Centre at a leading hotel here yesterday.
Sagan, who is Baram MP, pointed out that GCR evaluated a country’s economic performance based on 12 core aspects including infrastructure, macro economic environment and education.
He said WEF reported that Malaysia had to work harder on three aspects namely market size, innovation and technology preparation.
He added that the improved global standing showed that government transformation programme (GTP), economic transformation programme (ETP) and new economic model (NEM) had come with positive impacts.
Thus, he called on the private sector to co-operate with the government, to ensure that all official programmes would be implemented successfully.
“This is also in line with the government’s effort to maintain Malaysia as a competitive country with heightened economy in offering job opportunities to its people,” he said.
Smart Reader Worldwide Sdn Bhd corporate advisor S Selvanathan and Prodigy Music Centre managing director Sharnaz Saberi signed the MoU.
The deal was sealed to enhance skills of music teachers from Smart Reader with the ultimate aim of providing quality lessons.


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