The World Bank Group foresees the possibility of Malaysia achieving high-income status in the next five years.
Benedict Weerasena of Bait Al-Amanah said the prevalence of such tampering and influence on governing institutions and the civil service was “eroding effective economic and financial decision-making”. He described political tampering and influence on institutions as being among the “biggest stumbling blocks” and added that reliance on migrant workers had weighed down efforts to promote higher value industries.To overcome these, he told FMT, pro-market reforms and the development of a business friendly environment would be essential.
“Freedom as expressed by the ability to live a life one chooses is perhaps the most important goal that the country should strive for,” he said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.