KUALA LUMPUR, June 25 — The government is confident that its World Competitiveness Ranking (WCR) will improve this year and be reflected in the 2025 report, Prime Minister Datuk...
KUALA LUMPUR, June 25 — The government is confident that its World Competitiveness Ranking will improve this year and be reflected in the 2025 report, Prime Minister Datuk Seri Anwar Ibrahim said in Parliament today.
Among the reasons cited for the decline was the high level of subsidies offered to businesses, which exceeded 3 per cent of the gross domestic product based on 2022 data.“In January 2023, the electricity subsidy was implemented and managed to generate savings worth up to RM5 billion by reducing subsidies for large companies and homes with high consumption.
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