'As he reached the first 100 days of his tenure, it is clear that the road ahead will not be an easy one, and already he has been called out for a few early missteps.'
The Challenges Ahead
While his re-tabled Budget presented on 24 February is still being sliced and diced, the general sensing is that the Budget is not going to be a major game changer, given the current state of the government’s finances. Malaysia ranked 32nd globally in the International Institute for Management Development World Competitiveness Ranking 2022, and this can in part be attributed to the various initiatives implemented by Malaysia Digital, which offers fiscal and non-fiscal initiatives to local and international tech companies, to encourage them to operate, grow, expand or invest anywhere in the country.
The brain drain that Malaysia currently faces could be a potential stumbling block in Anwar’s attempts to boost the Malaysian economy.by Kuala Lumpur-based independent think tank, EMIR Research, showed that 2 million residents were residing overseas, and out of this, half a million are people above 25 years old, who are more likely to be employed by companies overseas. The government needs to create opportunities to have these Malaysians return.
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