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UM Don calls on government to choose quality FDIs over quantity | Money

Sunday, 09 May 2021 11:51 AM MYT File photo of a worker inspecting a container at North Port in Port Klang outside Kuala Lumpur in this January 8, 2009 file photo. Reuters pic Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, May 9 ― When it comes to foreign direct investments (FDIs), the government should emulate South Korea, Japan and Taiwan’s strategies by focusing on quality over quantity, said a leading economist. Prof Datuk Dr Rajah Rasiah, who is a distinguished professor of economics at University Malaya’s Asia-Europe Institute, said these countries are engaged in sophisticated technology and are very selective with regards to the FDIs.

Expected increased consumer spending accompanying move would help economic recovery, say experts

Expected increased consumer spending accompanying move would help economic recovery, say experts Pix for representational purpose only. PETALING JAYA: The revocation of the work-from-home (WFH) policy will give the economy a much needed boost. However, strict adherence to standard operating procedures (SOP) is essential to prevent another surge in Covid-19 infections, according to healthcare experts and economists. An associate professor at Universiti Putra Malaysia, epidemiologist Dr Malina Osman, said the decision by the National Security Council would have been made based on proper risk assessments by the relevant authorities. She said the authorities would have considered the fact that vaccines were already available although the number of new cases daily has not abated in the past 10 days, and decided that it was important for economic activities to resume gradually.

Explore NEP factor in poverty eradication plans

‘Explore NEP factor in poverty eradication plans’ Bernama PETALING JAYA: Any strategy to address the poverty issue in Malaysia must take into consideration provisions in the New Economic Policy (NEP). Apart from that, an academic said political interests in the implementation of affirmative action must be curtailed. Dr Rajah Rasiah, a professor of economics at Universiti Malaya’s Asia-Europe Institute, said while the NEP was the right approach towards addressing the poverty problem in Malaysia in the 1960s and 1970s, the conditions today are very different. “To some extent, we can agree with the original thrust (for ethnic-based affirmative action) when the NEP was introduced through the Second Malaysia Plan in 1971,” he told

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