Malaysia’s competitive ranking up

KUALA LUMPUR: Prime Minister Datuk Seri Najib Abdul Razak today expressed his appreciation for those who took various measures to improve Malaysia's global competitiveness ranking.
"Alhamdullilah (Praise be to God), we are the 20th most competitive economy.
"We climbed up four ranks thanks to our collective effort," he said in a post on Twitter.
Najib re-tweeted a report by Bernama entitled "Malaysia Climbs Four Notches on Global Competitiveness Ranking" based on the Global Competitiveness Report 2014-2015.
According to the report, Malaysia's ranking in global competitiveness improved to 20th position among 144 economies, ahead of developed economies such as Austria, Australia, France and South Korea.
Malaysia Productivity Corp director-general Datuk Mohd Razali Hussain said the country was ranked 24th out of 148 countries last year.
Meanwhile in Putrajaya, Deputy Prime Minister Tan Sri Muhyiddin Yassin received a courtesy call from Developing Eight for Economic Cooperation (D-8) secretary-general Dr Seyed Ali Mohammaf Mousavi at his office today.
Seyed Ali is on a two-day visit and this is his first visit since assuming the post in January last year.
In a statement later, Muhyiddin said he hopes the visit will strengthen existing cooperation among D-8 member states and would lead to more pragmatic results in strengthening ties.
"Malaysia has been committed in our participation within the D-8 cooperative framework since its inception on June 15, 1997 and will remain so through the course of our endeavours in improving the socio-economic development of D-8 member states," he said.
The D-8 Organisation comprises Bangladesh, Egypt, Indonesia, Iran, Nigeria,Pakistan, Turkey and Malaysia. – Bernama