Friday, December 28, 2007

Malaysia ranked 4th for investor protection

In the latest ranking by World Bank and International Finance Corp on Investor Protection, Malaysia ranked a high of 4th position, just behind New Zealand, Singapore and Hong Kong. Malaysia finished ahead of regional powerhouses like Japan, Taiwan, South Korea and China.

Countries were judged based on three indices of investor protection, comprising the extent of disclosure, extent of director liability and ease of shareholder suits where all indices range from 0-10, with higher values indicating more protection or greater disclosure

Malaysia had scored a perfect 10 for extent of disclosure, an equally impressive nine for director liability and seven for shareholder suits.

The report also suggested that starting a business in Malaysia next year would take a shorter period of 24 days compared with 30 days previously, although dealing with licences would remain the same at 25 days.

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