Malaysia: Malaysia joins global race to reform procurement

16 May 19: There is a global race to reform procurement. Governments are finally starting to bust open the old ways of buying, allowing a new generation of startups to win deals. A new report this week sets out the urgency, noting that procurement has favoured “insiders and incumbents”, while “ smaller and more agile organisations struggle to sell to governments”. With US$9.5 trillion spent on global public procurement each year, change is vital. Malaysia is one of the nations joining the race.