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THIS is the best definition for “value-chain”––”A value-chain is a step-by-step business model for transforming a product or service from idea to reality. Value-chains help increase a business’s [or a country’s] efficiency so the business [or country] can deliver the most value for the least possible cost.” Countries with outstanding value-chain policies are Singapore, South Korea, Iceland [all with little resources] and China. Malaysia and Sabah have not done well

Published on: Sunday, July 18, 2021 By: Datuk John Lo Text Size: IN advanced countries Government policies and administration/implementation system are in sync with the private sector, government leaders providing leadership to drive the economy with clear directions, well defined policies, effective implementation strategy and where appropriate, financial assistance and/or incentives for the private sectors to thrive and prosper. Singapore and China have gone one step further with their excellently well managed GLCs or SOEs [State Owned Enterprises]. Often, these organizations are the econom...