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Mixed signals will drive investors away, warn economists

Mixed signals will drive investors away, warn economists Faye Kwan © Provided by Free Malaysia Today Human resources minister M Saravanan (second from right) had been doing well to address issues of workers’ accommodation and it was therefore disappointing to see Putrajaya making a U-turn, says an economist. (Bernama pic) PETALING JAYA: Two economists have urged the government to review its latest policies on foreign labour and mineral extraction, saying Putrajaya is sending mixed signals to foreign investors. Speaking to FMT, they said the decision to relax the enforcement of rules on workers’ housing and on the extraction of non-renewable minerals raised questions about the government’s commitment to human rights and protection of the environment.

Focus more on high-value investments

Bernama The announcement that International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali will table a Cabinet paper on Malaysia’s new investment policy this week is welcome news. Less welcome are the reports that it focuses on innovation, technology and digital investments, which raises concerns that it might miss the target in creating wider value in the economy. The announcement comes hard on the heels of Microsoft’s US$1 billion (RM4.1 billion) five-year investment in Malaysia which is expected to generate US$4.6 billion (RM19 billion) in revenue and create around 19,000 jobs for Malaysians, including 4,000 related to information technology.

Right and wrong in online higher education

Right and wrong in online higher education 11 Apr 2021 / 20:39 H. AS we enter the second year of the Covid-19 pandemic, many universities, particularly owners of private institutions, have finally decided to change their teaching and learning model or, more accurately, business model. Crushed by a year of falling student income and fixed costs, and forced into online teaching, millions of dollars and faculty hours are being spent to convert course material, assessments and notes into online formats as quickly as possible. The economics of this model is simple. Once the core course content has been created and uploaded, it can be used for many years with minimal maintenance. It is almost always of a minimum standard and there is rarely any appetite to improve it.

PM s plan for escaping middle-income trap old fashioned, say economists

PM’s plan for escaping middle-income trap old fashioned, say economists Nicholas Chung © Provided by Free Malaysia Today While Malaysia wants to become a global export player, it has to reduce its dependence on cheap foreign labour just to stay competitive, says economists PETALING JAYA: Two economists have scoffed at Prime Minister Muhyiddin Yassin’s ideas for springing Malaysia out of the middle-income trap, saying they reflect a mindset that is too traditional. The project required fresher ideas, said Geoffrey Williams of Malaysia University of Science and Technology (MUST) and Mohamed Aslam Haneef of International Islamic University Malaysia (IIUM). Muhyiddin said at a recent economic forum that Malaysia needed to become a global export player producing new, sophisticated and high-value products.

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