new unity government will be to tackle the high cost of living, weakening ringgit and looming recession worries globally and how it will impact open economy like Malaysia.
Saw said to reverse the trend, confidence in the economy from foreigners and Malaysians must be rebuilt whereby leakages and corruption stopped. “Almost all of Malaysia’s revenue was spent on operating expenses which does not bring much, if any, economic benefit. Saw said there was also a measure the government could take to achieve substantial savings, which was exercising the integrity clause contained in most concession agreements for contracts awarded by the government.
Saw said one reason was the inability of workers to get to the workplaces due to the absence or poor connectivity of public transport, hence, hours were spent in traffic which decreased productivity and raised worker unhappiness.
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