Malaysia aims to be among world's top 10 nations for ease of doing business, says Mustapa

KUALA LUMPUR, Oct 25 (Bernama) -- Malaysia aims to be among the world's top 10 economies for ease of doing business, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said Tuesday.

The World Bank in "World Bank Doing Business Report 2012" reported that Malaysia had achieved significant improvement when it was ranked 18th from 23rd position this year.

"We have seen improvements. Our wish is to be in the top 10," Mustapa said at the launch of KL Metropolis here.

The minister said the evaluation was based on various factors including infrastructure such as transportation.

He said the government has provided a comprehensive and conducive environment for foreign investors to do their business activities in Malaysia.

It is hoped that with KL Metropolis, Malaysia would be able to strengthen its ranking and attract more foreign investors to expand their businesses in Malaysia, he said.

Mustapa also said there was demand for space for exhibition centres in Malaysia. "There is demand, if you talk to KLCC (Kuala Lumpur Convention Centre) and PWTC (Putra World Trade Centre). Demand created can be supply-driven. If you can create supply, you can promote and create demand," he said.

He said currently Malaysia has four international exhibition centres, including PWTC, the largest, and KLCC.

"To host world-class events, we need to have international centres. Exhibition is big business. We are catching up and we can do more," he added.

Meanwhile, the new Matrade Centre, which spans one million square feet, comprises three floors of exhibition space with 11 large-sized exhibition halls, a multi-purpose hall, meeting rooms and conference rooms, a press conference room supported by business centres as well as VIP rooms.

The centre is expected to be completed in 2014.

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