Malaysia must escape middle-income trap, says Zahid
Deputy Prime Minister Ahmad Zahid Hamidi says Malaysia has been languishing in the upper middle-income bracket for the past two decades. – The Malaysian Insight file pic, February 9, 2023.
Zahid said if Malaysia fails to elevate its competitive advantage and attractiveness as a centre for investment, its competitors will forge ahead and this will affect national prosperity and the people’s well-being. “Toward this end the government will continue to cut red tape that hinders businesses and entrepreneurs. Making profit, paying your fair share of taxes, and creating quality employment is a good thing, it must be facilitated at all levels of government be it federal, state or local.
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