Cover image via businesscircle.com.my
The Global Competitiveness Index of the World Economic Forum has placed Switzerland at the top of its latest ranking for the eighth year in a row, followed by Singapore which is ranked above the US
The same WEF report, however, reveals that Malaysia has slipped seven places from its previous ranking of 18th. After losing its spot in the top 20, Malaysia is now ranked 25th out of 140 countries.
Image via Wikimedia
On the other hand, while Malaysia was ranked 7th among the 27 Asia-Pacific countries this year, its performance showed a decline in several of the indicators including institutions, health and primary education, higher education and training, reported The Malay Mail
Meanwhile, International Trade and Industry Minister, Mustapa Mohamed, blamed the drop in the ranking on the "false news" which was spread about Malaysia, thus developing a negative perception towards the country, reported Free Malaysia Today
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