THE Prime Minister has appointed very credible personalities to the economic committee charged with the task of recommending measures to address the economic problems currently facing the country – the rising prices, outflow of funds and the falling ringgit.
Most of those named are veterans of the major restructuring programmes that were undertaken in the aftermath of the 1997/98 East Asian financial crisis to restore confidence in the economy and they did an excellent job of creating a stronger financial and corporate sector, complementing the internationally-acclaimed financial sector reforms carried out by Bank Negara Malaysia.
