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Wednesday 15 Jul 2015 - 15:01 Makkah mean time-28-9-1436
Kuala Lumpur (Google image)
Kuala Lumpur (IINA) – Malaysia jumped five rungs from 11th in 2014, to the 6th position in this year’s Baseline Profitability Index (BPI), a ranking of destinations of attractiveness for foreign investors published by the Foreign Policy Magazine.
Among the Association of Southeast Asian Nations (ASEAN), only Malaysia and Singapore featured in the top 10. Indonesia was ranked 12th, Vietnam (23rd), Philippines (30th) and Thailand at the 38th position.
“This ranking, which covered 110 countries across six continents reaffirms that Malaysia is an attractive profit center in this region for investors,” said the Malaysia Investment Development Authority (MIDA) in a statement to BERNAMA News Agency.
“The ranking is a reflection of the continuous improvement in the delivery of public services and overall efficiency of the government machinery.”
It also sends a clear message that the country offers a friendly business environment which makes it an attractive destination to invest, MIDA added.
AB/IINA
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