Need for private sector roadmap

MALAYSIA’S future economic growth can be driven by the private sector, say economists, but a clear policy roadmap of how this is to be achieved needs to be established to put the private sector firmly at the controls.  

This roadmap can include a tax system reform with a shift from direct to indirect taxes, incentives to reward efficiencies and productivity, and encourage local research and development activity, particularly in areas where the country has a comparative advantage such as agriculture.