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Utusan Digital

The government should continue to strengthen labor and infrastructure quality to further enhance the country’s competitiveness and move up the production value chain.

“Aside from the government, organizations also need to provide the people with the right tools and skillsets. Companies need to invest in their people and anticipate where they are heading in the next five to 10 years, ” KPMG Malaysia managing partner Datuk Johan Idris told reporters at a virtual press conference with InvestKL yesterday.

According to a finding by KPMG cost of doing business (CoDB) index among 17 countries, Malaysia is ranked at the top along with China, Mexico and Vietnam for primary expenses including hourly compensation costs, real estate costs and corporate tax rates.

The study evaluated a total of 23 cost factors that impact the cost of doing business.

Read the full article here as published in the The Star or click here to view the online article.

© 2021 KPMG PLT, a limited liability partnership established under Malaysian law and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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