How can Malaysia rebuild public trust in its institutions?

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Rebuilding Public Trust Through Institutional and Policy Enhancements

Malaysia can rebuild public trust in its institutions by focusing on improving public institutions, policies, and factors that influence national competitiveness. Restoring confidence is crucial as trust fosters economic development by enhancing the efficiency of capital accumulation, accelerating technological diffusion, and improving the overall functioning of legal, political, and social frameworks.
Enhancing the Institutional Environment

Malaysia's institutional environment, particularly trust in government, was ranked 24th out of 140 countries in the 2018 Global Competitiveness Index (GCI). However, specific indicators within this pillar require significant attention and improvement. These include the freedom of the press, where Malaysia ranked 118th, budget transparency at 77th, the incidence of corruption at 55th, and judicial independence at 33rd. Addressing these specific areas is fundamental to strengthening the overall trust in governmental institutions.
Fostering a Conducive Business Environment

To meet business expectations, especially from small and medium enterprises (SMEs) and entrepreneurs, the government is committed to creating a more conducive environment. This involves simplifying regulations and introducing consumer-friendly rules to facilitate business operations. While Malaysia ranked 58th out of 137 countries in the 2018 Global Entrepreneurship Index (GEI), improvements are needed in areas such as start-up skills, technology absorption, product innovation, business growth, and risk capital, alongside existing strengths in innovation and human capital.
Addressing Public Well-being Issues

Beyond economic competitiveness, rebuilding trust also necessitates addressing various public well-being issues. These include the rising cost of living in urban areas, malnutrition among urban poor children, inadequate public transportation connectivity outside the Klang Valley, and challenges in the quality of education and healthcare. Furthermore, the lack of affordable housing remains a concern that requires targeted government intervention and improved service delivery.

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How can Malaysia rebuild public trust in its institutions?

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