Expert suggests meticulous planning to shape Malaysia’s economic direction

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While the Malaysian government may have its hands full with unveiling one economic stimulus package after another during the current Covid-19 pandemic, it also has to look into the oil and gas revenue, tourism receipts, and unstable commodity prices in shaping the country's economic direction, according to an expert. Kanes Rajah, executive director of London-based Centre for Executive and Professional Development, said the projects which had been approved so far by Putrajaya were mainly to address urgent needs. The government announced a RM260-billion economic stimulus package immediately following the Covid-19 pandemic. This was followed by another RM35-billion short-term National Economic Recovery Plan (Penjana). "(Hence), it is hard to assess how these can lead to enduring benefits to the economy, particularly for jobs and to inspire investor confidence,” Rajah told Be…