More efficient, equitable distribution of income needed


“And furthermore, in our efforts to maximise production and profit, how do we ensure we do not produce too much that will only go to waste?” Abdul Farid said in his closing remarks at Invest Malaysia 2020 yesterday.

PETALING JAYA: Diverging trends in the distribution of incomes, a practice embedded in societies throughout time, have exacerbated in recent decades, opines Malayan Banking Bhd (Maybank) group president and chief executive officer Datuk Abdul Farid Alias.

“I don’t have the answer, but we need to explore how this allocation can be done better. Case in point, we produce enough food for the world’s population, but how can we distribute it more efficiently and equitably?

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Ringgit to trade in tight range of 4.46-4.48 versus US dollar next week
Reaping the Max from streaming
The ringgit recovery
EQ expands to Thailand
RHB, CGC in LCTF portfolio guarantee deal
Market struggles to find direction
Singapore playing roulette with casino licensing
Bidding big on Malaysian art
Inflation rises slightly in October
Building a firm facade

Others Also Read