THE HOLE IN PETRONAS: Slide in index shows BN ineffective in governing our resources

June 21, 2013

Dateline 2013-05-30, Malaysian Chronicle:

Malaysia fares worse than Kazakhstan, Azerbaijan and Iraq in the latest Resource Governance Index published by Revenue Watch Institute.

Malaysia ranks 34th out of 58 countries with a score of 46 out of 100 in Resource Governance Index (RGI) published on 8 May 2013 by Revenue Watch Institute (RWI), a non-profit organization that promotes effective, transparent and accountable management of natural resources. Malaysia is categorized as ‘weak’ among the four standards of governance – satisfactory, partial, weak and failing while our neighboring countries Indonesia and Philippine are categorized as partial with better rank of 14th and 23rd respectively. We also tail behind 8 African countries – Ghana (15th), Liberia (16th), Zambia (17th), Morocco (25th), Tanzania (27th), Botswana (30th), Gabon (32nd) and Guinea (33rd) as well as countries like Indonesia Kazakhstan (19th), Venezuela (20th), Azerbajian (28th) and Iraq (29th).