Malaysia ranked fourth out of 12 Asia-Pacific economies in terms of market accountability and transparency, according to the recent 2018 CG Watch Report published by the Asian Corporate Governance Association (ACGA) and CLSA. Finance Minister Lim Guan Eng said the ranking was a significant improvement from seventh place in 2016 and Malaysia was the biggest 2018 gainer among regional rivals, including Australia, China, Hong Kong, Japan and Singapore. “The rise further proves that the government’s continuous efforts to instil the principles of competency, accountability and transparency in its administration is bearing fruit. “The ACGA says the 2018 improvement reflects Malaysia’s concrete moves to tackle endemic corruption issues fostered by the previous Datuk Seri Najib Tun Razak regime,” he said in a statement today. “The improvement in the report was only an example of how the government’s institutional reform agenda is raising Malaysia’s governance quality and contributing to its fiscal sustainability...This has not only increased the level of transparency in the public sector, but also influenced the private sector positively."

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New Straits Times