The STAR report by Royce Cheah on 14th March 2007 stated: We're seen to be more corrupt than last year.
Malaysia's economy is perceived by foreign bussinessmen to be more corrupt this year compared to last year, according to an annual survey carried out by Hongkong-based Political and Economic Risk Consultancy(PERC).
'This corruption perception indes is something we've done for over 20 years now......., when it comes to corruption, it becomes very important,' PERC's director said.
'Companiies usually base their investment decisions on perception, not reality. If companies pperceive the situation in a particular country to be difficult, then that is likely to work against their decision to invest,' he added.