Malaysia maintains ranking in World Bank’s Doing Business Report
As a country with an ever expanding growth and portfolio within the world of business, Malaysia has long held a strong ranking within the World Bank’s Doing Business Reports.
Their 2016 ranking, 18th out of 189, puts them as one of the highest ranks nations on the planet as they have provided a fresh change in impetus for startup companies in Malaysia, particularly with regards to how they moderate and control the regulatory process.
Despite the economic challenges facing Malaysia at this moment in time – as the country goes through a challenging period of processes involving headwinds thanks to the volatile nature of the economy in nations surrounding them – Malaysia has had no problem encouraging new startup companies in Malaysia with the means to actually take their dreams from the paper and turn them into a long-term reality. It’s estimated that the growth Malaysia has experienced also shows no signs of slowing down.
A Growing Power
Malaysia was ranked on the list as the second most part ASEAN country, with only Singapore ranking above it; this shows you the incredible depth and growth being shown with this nation. It points to the rapid growth and change that the country is experiencing, as they start to move swiftly away from being a developing nation into becoming a far more developed option.
These changes are brought forward by the Malaysian government to try and help to resolve a large range of long-running deficiencies within the operational nature of the country, ensuring positive change is afoot. This means that now review procedures can take place and regulations under the Government Transformation Program, as well as the Economic Transformation Program, can take place without any problems.
This is further flanked by the news that an attributing factor to the high ranking which Malaysia is running with here comes from the fact that the Special Taskforce to Facilitate Businesses has been doing – startup companies in Malaysia have never had such a strong opportunity as they do at this moment in time.
The rapid growth and expansion of the local economy has seen the public and private partnerships across the country soar as new business and fresh opportunities come to the surface for everyone to pick from.
As the private sector and government align together and create a fresh and more innovative way of doing business and making sure that startup companies in Malaysia can have the correct apparatus to work from, these new changes will ensure that the blockages which can halt progress so severely can now take part in the most efficient manner possible.
For more information: Malaysia maintains ranking in World Bank’s Doing Business Report