On the domestic side, Lee Heng Guie is seeing weaknesses in the local economy which is running on one leg – private consumption. He said consumper spending will be dampened if sentiments continue to be poor. Hence, the government has to step in instead of relying on the central bank.
PETALING JAYA: Developers, real estate consultants, an economist and a representative from an overseas developer that some structural changes are needed in the overall management of the economy to lift the country to the next level.
They comprised speakers and panellists at the annual developers conference "CEO Series: Surviving the turbulence and World of Disruptions" organised by Rehda Institute on Tuesday.
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