Do more to curb monopolies

Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid

PETALING JAYA: With the new cabinet under Prime Minister Datuk Seri Anwar Ibrahim ready to go full steam, one of the measures experts hope the government would undertake soonest is to curtail monopolistic practices that will impact the economy amid anticipation of a slower growth next year.

Some of the country’s economic sectors are still in the hands of companies that have a strong grip and they dictate policies to ensure higher prices to reap bigger profits and reduce competition.