Structural reforms vital for economic resilience


By ROYCE TANXIAO TONG

While Malaysia’s gross national income per capita has improved from about US$2, 500 (RM10, 287) in the 1990s to US$11, 200 (RM46, 088) last year, Prof Tan Sri Dr Noor Azlan Ghazali (pic) said behaviours are not changing.

PETALING JAYA: Despite all the projections that Malaysia is on track to achieve high-income nation status, renowned economists are of the view that the country is not yet ready unless it carries out structural reforms.

But the onus does not fall entirely on the government as the willingness to change still needs to come from both the society and businesses alike.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

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

Malaysia implements MPSO 2.0 to boost sustainable palm oil standards
Malaysia's economic momentum to continue into 2025, GDP to grow 6%
Permaju in capital reduction bid
Calls for EU to seek ‘win-win’ tariff position
Retailers face higher costs from hike in power rates
New energy dominates Inner Mongolia’s power supply
CBH Engineering set to capitalise on chip sector
Hong Kong’s billionaire Cheng family aims to sell China toll roads
JS Solar eyes ACE Market IPO
Oxford Innotech eyes ACE Market listing

Others Also Read