Institutional reforms are key

Discussion time: Economic roundtable panel guests (from left) Nungsari, Shanmugam (moderator) Gomez and Lee.

The Pakatan Harapan government has promised bold measures to drive the reform agenda towards strengthening the check-and-balance mechanism at all levels to restore trust and confidence in the country’s key institutions. These changes may not bring immediate economic value, but are important to regain investor confidence. The education system is seen as one area that needs an overhaul if the country is serious in bringing about reforms.

Private-sector investments have been on a downtrend over the last couple of years. Is it because we don’t have a new economic story to tell?