KUALA LUMPUR: The improvement achieved by Malaysia in the Corruption Perception Index (CPI) this year will further boost investor confidence in Malaysia, among foreign and domestic investors, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said yesterday.
He said ratings and rankings are very important to Malaysia as a developing economy to woo more investments and increase trade movements to developed nations.
“Foreign investors will not be interested to invest in countries that have high corruption level. Thus, this ranking is very encouraging for Malaysia,” he told reporters after his ministry’s monthly assembly.
Mustapa said the credit to the achievement must be given to ongoing efforts by the government through the Malaysian Anti-Corruption Commission (MACC) to curb corruption at all levels in the public and private sectors.
“MACC has done a fantastic job and I think with their continuous effort, higher rankings can be achieved in years to come,” he added.
Malaysia moved up six notches to 54th spot in this year’s CPI from 60th position last year, according to the Transparency International-Malaysia (TI-M).
Malaysia scored 49 out of 100 on the CPI’s survey which gauges the perceived level of public sector corruption among 176 countries.
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