Malaysia jumps 15 ranks in the World Bank Logistics Index. (Photo: VNA)
Kuala Lumpur (VNA) 🥃– Malaysia wasranked the second best-performing ASEAN country in the World Bank LogisticsPerformance Index (LPI) 2023, behind Singapore.
According to The World Bank's website, the LPI servesas a benchmarking tool to help countries identify the challenges andopportunities they face in their performance on trade logistics and what theycan do to improve their performance. The index is based on a worldwide survey ofinternational logistics operators on the ground across 139 countries, as wellas information on maritime shipping and container tracking, and postal and airfreight activities collected and made available to LPI by several datapartners. In a statement, Malaysia Productivity Corp (MPC)director general Datuk Abdul Latif Haji Abu Seman noted that the country jumped 15spots to the 26th on the index, a significant improvement from the 41st whenthe LPI report was last published in 2018, and the 32nd in 2016. The best showingby Malaysia in the index was the 25th in 2014. Champion of Logistics Productivity Nexus (LPN) DatukSeri Michael Tio added that Malaysia will be able to enter the top 10 of theLPI ranking if it continues to benchmark Singapore. He said that the LPI measures the ease ofestablishing reliable and timely supply chain connections and the structuralfactors that make it possible, such as the quality of logistics services, tradeand transport-related infrastructure, and border controls. Tio stressed that the logistics industry has much roomfor improvement to be the preferred logistics destination in ASEAN. Malaysia has comprehensive infrastructure for thelogistics industry to thrive while having good connectivity via land, sea, andair, he said, adding that institutional and regulatory mismatch,bottlenecks at borders, low-value chain activities, and insufficient andunskilled manpower still need to be addressed./.
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Malaysia jumps 15 ranks in the World Bank Logistics Index. (Photo: VNA) 
