More efficient, equitable distribution of income needed


“And furthermore, in our efforts to maximise production and profit, how do we ensure we do not produce too much that will only go to waste?” Abdul Farid said in his closing remarks at Invest Malaysia 2020 yesterday.

PETALING JAYA: Diverging trends in the distribution of incomes, a practice embedded in societies throughout time, have exacerbated in recent decades, opines Malayan Banking Bhd (Maybank) group president and chief executive officer Datuk Abdul Farid Alias.

“I don’t have the answer, but we need to explore how this allocation can be done better. Case in point, we produce enough food for the world’s population, but how can we distribute it more efficiently and equitably?

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