The 2018 CG Watch report published by the Asian Corporate Governance Association (ACGA) and CLSA in December has ranked Malaysia fourth out of 12 Asia-Pacific economies in terms of market accountability and transparency.
Finance Minister Lim Guan Eng announced this today, saying Malaysia had moved up from 7th place in 2016.
“This means Malaysia is the biggest 2018 gainer among regional rivals that include Australia, China, Hong Kong, Japan and Singapore.
“The rise further proves that the government’s continuous efforts to instill the principles of Competency, Accountability and Transparency (CAT) in its administration are bearing fruits,” said Lim in a statement today.
He said the ACGA had stated the 2018 improvement reflected Malaysia’s “concrete moves to tackle endemic corruption issues fostered by the previous (Datuk Seri) Najib (Razak) regime.”