Tuesday, January 29, 2013

Malaysia tops bribery table.

This is an article I'm not proud to post/share at all.

Getting the front page coverage for the wrong reason, Malaysia sits on top in the bribery table. How I wish this is FIFA ranking for 2012 instead!

Malaysia called the most corrupt country for business? Source: WSJ

Wall Street Journal reported that Malaysia scored worst in the 2012 Bribe Payers Survey. It asked about 3,000 executives from 30 countries whether they had lost a contract in the past year because competitors paid a bribe—and in Malaysia, 50% said yes. Second on the dubious honor roll was Mexico, at 48%.

Since taking office in 2009, Prime Minister Najib Razak has pledged to eradicate corruption and regain public confidence. Hundreds of cases have been investigated. Yet Malaysia’s overall scores in Transparency International’s Corruption Perception Index have deteriorated for three consecutive years since 2010.

Malaysia's score for the past 4 years declining: (out of possible 10)

2008 : 5.1
2009 : 4.5
2010 : 4.4
2011 : 4.3   (By comparison, Singapore's score is 9.2)

It's sad, that:
Foreign companies looking to supply to the government have to be aware that they’re likely to be asked for a bribe. - Paul Low, TI-Malaysia president.


tehr said...

nampak makin terkenal la negara kita dalam bab ni

keliru sama ada mahu berbangga atau malu

princess said...

oh my ******, we went from hero to zero!