How Malaysia can become a high income by 2025 ― Saleh Mohammed

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How Malaysia can become a high income by 2025 ― Saleh Mohammed
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JUNE 24 ― We missed the boat in 2020 but we have another chance. S&P Global’s chief economist says Malaysia is on track to becoming a high-income nation by 2025 and it...

JUNE 24 ― We missed the boat in 2020 but we have another chance.

Our industry structure is primarily electronics and integrated circuits manufacturing. Over the next 20 years, we will further develop as a hub for exporting manufacturers of electronics, software services and communications industry such as information technology business process outsourcing. To earn the extra dollars or pennies, we need smart and visionary leaders who can propel us to greater heights.

True, “a penny saved is a penny earned” but the plans should not be “penny wise and pound foolish”. Don't focus on minutiae and lose sight of the big picture while glaring inefficiencies are going on. There will be projects that ‘cost a pretty penny’ but it must be closely monitored so it is “worth every penny”.

For the rakyat, many may not understand the plans and there must be transparency and clear explanation until “the penny drops”.

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