'Time to reset economy by addressing low wages, foreign labour issues'

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The government should be taking the current situation under the Covid-19 pandemic as an opportunity to reset the economy by addressing wage inequality and over-reliance on foreign labour, among others, said former Permodalan Nasional Berhad (PNB) CEO Abdul Jalil Rasheed. "One thing that the government should be looking at is trying to take this current situation as an opportunity to reset the economy. Have a hard look and see where we really want to be in 10 to 15 years and what are going to be our key drivers of the economy," Jalil said in an interview in an online podcast called 'Bicara Minggu Ini'. He said Malaysia had suppressed wages for a long time and some people are still being paid the same wages now as they were in the 1990s, despite the rise in inflation. In the early 1990s, Malaysia was known as an 'Asian tiger' on the reasoning that Malaysia…