Malaysia should consider to implement a innovative economy and transform the manpower into a highly-skilled workforce in order for the country to thrive in coming years, said former second finance minister Ahmad Husni Hanadzlah.
Malaysia needs to focus on spurring the economy as its current structure is stifling the growth.
If we continue with the labour-intensive economy, we will certainly be overtaken by Indonesia and Vietnam,” he said.
He told this when speaking to reporters after opening the Asian Forum of Parliamentarians on Population and Development Malaysia (AFPPD) here today.
The country must transform the production sector and labour skills, as well as boost research and development, suggests Husni.
Husni added that he would take part in the 2017 Budget debate and voice his opinion from his own perspective.