Procurement as Part of Good Governance in New Malaysia: Challenges and Recommendations

Public procurement remains an important tool for many countries in the world to stimulate economic growth while addressing socio-economic needs. In Malaysia, the government spends more than RM150 billion in procuring goods, works, and services every year. This is equivalent to almost one-fifth of Malaysia’s nominal GDP.1 As this amount of taxpayers’ money is extremely huge, it is of paramount importance to ensure that the money is well spent by the government in the best interest of the public.