PETALING JAYA: Wages in Malaysia have stagnated over the past decade due to a series of structural problems which include increased competition from globalisation, as well as the education system struggling to meet evolving demands, say economists.
“The nation’s debt had gone up by RM600 billion over the last three years. The previous government had used the money for subsidies and grants.”
(The Sun Daily) - The government spends about RM45 billion a year to repay borrowings, which could have been put to better use, said Universiti Tun Abdul
The government's economic policy, although not a complete failure, is in need of improvement to generate more Malay tycoons in the country.
According to Bank Muamalat.
PETALING JAYA: An economist has proposed that the government introduce a masterplan to raise household income to lift the nation out of the middle-income trap.