Higher-quality investments may take time to lift wages, household incomes: Bank Negara
KUALA LUMPUR: Malaysia’s efforts to attract higher-quality investments and move up the value chain could eventually translate into higher wages and household incomes, although the benefits may take time to filter through the economy.
Bank Negara Malaysia's Governor, Datuk Seri Abdul Rasheed Ghaffour, has indicated that Malaysia's efforts to attract higher-quality investments and move up the value chain could eventually lead to higher wages and household incomes. However, he emphasized that these benefits might take time to filter through the economy, as there is typically a lag between economic growth and its impact on household incomes.
Abdul Rasheed stated that as Malaysia continues to attract quality investments and improve productivity, it will ultimately help improve the livelihoods of the population. The Governor also highlighted that foreign investment inflows have been flowing into high-value-added activities in the manufacturing and services sectors, such as electrical and electronics, chemicals, and information and communications technology services.
Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — it may contain errors, so check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
