Booklet WCY 29 Mei 2013 1 - MPC

A BETTER BUSINESS NATION THROUGH EFFICIENCY
31. Malaysia ranked significantly higher for Business
Efficiency at 4 th position this year (2012:6 th ). This
position is bolstered by the effectiveness of several key
criteria which include Attitudes and Values, ranked 4 th
(2012:5 th ), Finance, ranked 9 th (2012:10 th ) as well as
Productivity & Efficiency, ranked 22 nd (2012:23 rd ). Key
to the business environment are issues pertaining to
talent as well as human capital which are crucial to
sustain Malaysia’s competitiveness. Strategic
programmes include review of the education system,
review of existing and proposed labour legislation and
policies, foreign worker policies, upskilling and upgrading
the workforce, and strengthening human resource
management had been prioritised. The effectiveness of
these programmes are reflected in Management
Practices, Attitudes and Values as well as Labour
Market achieving top 10 positions at both 4 th and 6 th
respectively.
32. For Malaysia to compete regionally and globally, Malaysia
must unleash productivity-led growth and innovation. In
this context, efforts to drive productivity and innovation
through higher Total Factor Productivity (TFP) is
imperative. To achieve this, Malaysia has to ensure that
private sector investment grows by at least 12.8% per
annum with TFP growth of 2.3% and productivity growth
of 4.6%. Boosting productivity involves many
socio-economic dimensions. Especially important is to
inculcate a high performance culture across all strata of
the economy, creating high performing institutions, firms,
industries as well as high potential corporate leaders and
Malaysia improved
its Business Efficiency
ranking to 4th in 2013.
The effecveness of
programmes
pertaining to talent
as well as human
capital had been
successful as
reflected in
Management
Pracces, A tudes &
Values as well as
labour market
achieving top 10
posions at both
4th & 6th
respecvely.
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