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Wall Street Journal : Malaysia Ranked No 1 Most Corrupted Country In The World For Doing Business

Despite Malaysia’s high-profile anticorruption crusade, half of the corporate executives surveyed by a global corruption watchdog believe that competitors have obtained business through bribery.

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.

Japan ranked as the world’s least-corrupt place to do business, with just 2% of respondents saying they had lost out due to bribery; Malaysia’s neighbor Singapore was second-cleanest, at 9%. Even Indonesia, with a long-standing reputation for corruption, fared better than more-developed Malaysia: Southeast Asia’s largest economy came in at 47%. By comparison, 27% of respondents in China said they thought bribes had cost them business.

“It shows the attitude of private companies in Malaysia, indicating that bribery in the public sector could be systemic and in a sense institutionalized,” said Paul Low, president of the Malaysian chapter of Transparency International.

Source : WSJ

53 Comments

53 Comments

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  3. Sampah

    June 27, 2022 at 3:44 am

    Look at the source WSJ! . 10yrs AGO STORY!!. Cheap news by dumb admin

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  6. rubbish

    June 27, 2022 at 9:26 pm

    stupidity. 2012 article

  7. LMGTFY

    June 28, 2022 at 12:13 am

    The source article is from 2012 you guys, come on.

  8. TMFHK

    June 28, 2022 at 12:19 pm

    Statistics is fm 2012, yet Malaysia is still most corrupted in doing business whether money or materials is a must to secure orders.

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