https://www.scmp.com/rss/305767/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Competition, in any progressive nation, is not only encouraged but a necessary catalyst for a more efficient and dynamic economy. It promotes better performance and innovation - and more importantly, benefits the end users with high-quality products and services at the lowest possible prices. Applying such a principle in its economic transformation programme (ETP), Malaysia identifies competitiveness as a key to its transition into a high-income, fully developed nation by 2020. With PEMANDU at... https://www.scmp.com/article/1046108/economic-programme-set-unlock-nations-competitiveness?utm_source=rss_feed https://www.scmp.com/article/1046108/economic-programme-set-unlock-nations-competitiveness?utm_source=rss_feed Mon, 24 Sep 2012 09:07:37 +0000 Compete or be prepared to be irrelevant. Among the six SRIs, the plan on competition, standards and liberalisation leads Malaysia's bid in becoming a competitive global player. "Competition, standards and liberalisation were one of the first things that we introduced inside the discussion groups for the SRIs," says Idris Jala, CEO of PEMANDU and minister in the prime minister's department. Formerly known as international standards and liberalisation, this SRI has been renamed as competition,... https://www.scmp.com/article/1046103/boosting-economy-through-competition-standards-and-liberalisation?utm_source=rss_feed https://www.scmp.com/article/1046103/boosting-economy-through-competition-standards-and-liberalisation?utm_source=rss_feed Mon, 24 Sep 2012 09:03:06 +0000 Effecting change in an environment of decades-long business practices is a formidable task. Undaunted, the Malaysia Competition Commission (MyCC) is enforcing the Competition Act 2010, which aims to create a more competitive business environment in the country. "The expectations are high in that people expect changes overnight. Managing these expectations is one of the biggest challenges that MyCC faces," says Shila Dorai Raj, CEO of MyCC. These challenges include a lack of awareness of the... https://www.scmp.com/article/1046102/cultivating-competition-towards-becoming-high-income-nation?utm_source=rss_feed https://www.scmp.com/article/1046102/cultivating-competition-towards-becoming-high-income-nation?utm_source=rss_feed Mon, 24 Sep 2012 08:59:39 +0000 The signing of Malaysia's first minimum wage law, affecting approximately 3.2 million private sector workers, signifies great progress in modernising labour legislation, reflecting the government's commitment to human capital development. Aiming to boost productivity and competitiveness in the workplace, the government set the minimum wage rate at 900 ringgit (HK$2,213.70) per month for peninsular Malaysia and 800 ringgit for Sarawak, Sabah and Labuan Federal Territory. Extending the retirement... https://www.scmp.com/article/1046101/revitalising-workforce-creates-conducive-business-environment?utm_source=rss_feed https://www.scmp.com/article/1046101/revitalising-workforce-creates-conducive-business-environment?utm_source=rss_feed Mon, 24 Sep 2012 08:58:00 +0000 Recognising that private sector investments are crucial to attaining high-income nation status, Malaysia is earnestly pursuing the privatisation of state assets in industries where commerce is working well. This thrust is contained in Malaysia's ETP, which sets SRIs designed to raise more than US$400 billion in investments from the private sector over the next eight years. "We brought the private sector into the SRI discussion right from the start," says Idris Jala, CEO of PEMANDU and minister... https://www.scmp.com/article/1046091/privatisation-sets-course-countrys-global-rise?utm_source=rss_feed https://www.scmp.com/article/1046091/privatisation-sets-course-countrys-global-rise?utm_source=rss_feed Mon, 24 Sep 2012 08:49:55 +0000 For Malaysia's economy to flourish, businesses and investments need an environment that will help them grow. This includes the support of a government that makes it easier for entrepreneurs and companies to do business. To help create this environment, the government fast-tracked two major initiatives under the public service delivery SRI - Business Process Reengineering (BPR) and the Online Licences Approval Programme. These initiatives reflect the government's determination to remove overlaps... https://www.scmp.com/article/1046073/enhanced-public-service-delivery-enables-new-businesses-grow?utm_source=rss_feed https://www.scmp.com/article/1046073/enhanced-public-service-delivery-enables-new-businesses-grow?utm_source=rss_feed Mon, 24 Sep 2012 08:34:02 +0000