PUTRAJAYA: Malaysia should seize the ongoing West Asia crisis as an opportunity to rethink its economic model and enhance long-term growth, said Capital A Bhd
chief executive officer Tan Sri Tony Fernandes.
He said global supply disruptions, particularly involving key routes such as the Strait of Hormuz, could have prolonged economic effects on the country, underscoring the need for Malaysia to remain resilient.
"Malaysia has done well diplomatically, but this crisis is an opportunity to rethink our economic model, from subsidies to energy to productivity,” he said at the "Malaysia’s Strategic Position in a Turbulent Global Economy” forum here today.
Fernandes said that to achieve and maintain growth, the country must make difficult decisions, especially regarding the re-evaluation of subsidies.
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