As usual, WE (Malaysia) paid for positive news.

The professional friend who posted in Facebook about Malaysia fast becoming the next Greece economic crisis story soon had just posted another view. She said that the Malaysian economic growth would end soon. Of course, I do not dare dispute what she said because everyone must have their own opinion, whether totally irrelevant to the fundamentals or false based on a narrow point of view. Oops. Haha. Oh yeah, the below two pieces of good news, do look at some of the comments for them online. Good news for Malaysia? To some of the amazing online critics, “It’s definitely paid for by the government.” How can any sane and established organisations give Malaysia a positive rating today? Well, apart from the three international rating agencies which are still putting Malaysia under the ‘investment grade’ category, the below two are pretty awesome too.
Business Profitability Index (BPI) which was introduced in 2013 by an adjunct professor of New York University’s (only ranked 41st in the WHOLE WORLD by QS) Stern School of Business  has just  given Malaysia a boost. Malaysia is now ranked 6th out of a total of 110 countries in the world. The other top 10 includes Singapore as well. I am sure with their stronger currency, if Malaysia can pay for this award, they can too. Haha. Indonesia was ranked 12th, Vietnam (23), the Philippines (30) and Thailand at the 38th position. It uses a holistic approach based on eight factors which are attractive for foreign investment. They are: economic growth, financial stability, physical security, corruption, expropriation by government, exploitation by local partners, capital controls, and exchange rates. It includes also the changes from the World Bank in its measurement of GDP which measures living standard across countries.
What about the next one which many have also claimed that this one must have also been ‘bought.’ A few claim that this report is false because they know for sure it is false. Haha. World Economic Forum (WEF) has ranked Malaysia the 8th most efficient government globally in the Global Competitive Report 2014-2015. Singapore is also ranked, they are are second. Finland is third. Hong Kong is fourth. This report from WEF evaluates following: efficiency and competitiveness landscape of 144 of the world’s governments based on, among others, the wastefulness of government spending, burden of regulation and transparency of policy-making, to produce an overall global ranking. The reason is because the efficiency of any government has a significant bearing on a country’s competitiveness and economic growth. Negative points include excessive bureaucracy and regulation, a lack of transparency, and inadequate legal frameworks all impose additional costs on business and impede expansion.
Only two for today. If only Malaysians can come up with some sort of ranking or awards which the other world economies are willing to pay for them, that would be great. Oh yeah, I personally do not think the rankings above can be bought. I am sure if it was bought, one day the receipt showing this purchase would surface online. Happy forwarding more negative news or forwarding a positive news.
written on 14 July 2015
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