Zafrul: Malaysia set to improve position in IMD's 2025 competitiveness ranking
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The government is confident that Malaysia’s position in the International Institute for Management Development's (IMD) World Competitiveness Ranking 2025 will improve from this year, driven by an increase in high-technology product exports. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said a reduction in the country’s high-technology exports influenced Malaysia’s lower positioning in the IMD list this year, and this is a short-term situation that is expected to improve in 2025. Malaysia’s lower position in the IMD competitiveness ranking this year resulted from a fall in electronic communications exports due to lower global demand, and increased global competition for electronic communications products. However, global sales of semiconductors are projected to increase in 2024 and 2025, benefiting Malaysia as the world’s sixth largest semiconductor exporter. Stable economic growth, low unemployment, and controlled inflation rate are expected to improve Malaysia’s position in the near future.

#Malaysia #CompetitivenessRanking #Imd #Exports #HightechnologyProducts #Investment #Semiconductors

https://theedgemalaysia.com/node/716400