Hard task for the committee

THE Prime Minister has appointed very credible personalities to the economic committee charged with the task of recommending measures to address the economic problems currently facing the country – the rising prices, outflow of funds and the falling ringgit.

Most of those named are veterans of the major restructuring programmes that were undertaken in the aftermath of the 1997/98 East Asian financial crisis to restore confidence in the economy and they did an excellent job of creating a stronger financial and corporate sector, complementing the internationally-acclaimed financial sector reforms carried out by Bank Negara Malaysia.