Like a skilled navigator relying on a compass, the nation must embrace big and bold ideas as its guiding force, steering it towards new horizons of prosperity. theSun thesundaily Malaysia economicreform SME GDP
pursuing economic reform, Malaysia has found itself at a crucial crossroad, which demands bold and innovative ideas to drive meaningful change.
Without this, economic reform risks becoming a mere exercise in incremental change, resulting in stagnant growth and missed opportunities. To replicate this success, Malaysia can establish entrepreneur hubs that provide a supportive environment for startups, offer tax incentives to encourage investments and facilitate collaborations between academia and industry.
Investing in renewable energy projects, such as solar and wind, will not only reduce reliance on fossil fuels but also cut carbon emissions. Furthermore, this move will position Malaysia as an attractive destination for international investors seeking environmentally conscious ventures. Prioritising digital literacy and offering comprehensive training will equip the Malaysian workforce with the necessary tools to thrive in the digital age.Investing in human capital development is the cornerstone of unlocking Malaysia’s economic potential.
The high-speed rail project connecting Kuala Lumpur and Singapore holds immense promise for tourism, trade and investment.
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