Finance minister: Malaysia embracing digital technology in bid to become high-income nation | Malay Mail

PublishedLim said there is a need to create new jobs through income incentives or supplements to replace jobs lost through digital disruption. — Picture by Firdaus Latif

He said Malaysia, however, is aware that the technology will pose a risk of digital disruption, causing loss of jobs in traditional sectors with many of these jobs not replaced by new ones. Lim said this when delivering a keynote address with the theme ‘Unlocking the Potential of the Digital Economy’ at an event during the International Monetary Fund and World Bank Group Spring Meetings, held from April 11 to 13 in Washington DC.

According to the statement, during the meetings, the minister also emphasised the importance of WBG to not just uplift the living standards of poor countries but also the need to set up a model of how middle-income member countries can avoid slipping back into low-income status, or escape the middle-income trap to be a high-income economy like Singapore, South Korea or Chile.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Finance Minister denies govt neglecting development in Sarawak, says RM41b allocated | Malay MailKUALA LUMPUR, May 4 — Finance Minister Lim Guan Eng today refuted claims that the Pakatan Harapan (PH) government had neglected the infrastructure development of Sarawak. He said the ruling party has allocated RM4.3 billion for the state this year alone, which is more than what the previous...
La source: malaymail - 🏆 1. / 86 Lire la suite »

Finance minister urges Securities Commission to study CEO-worker pay disparity at profitable firms | Malay MailKUALA LUMPUR, May 6 — Finance Minister Lim Guan Eng has called upon the Securities Commission (SC) to look into fairer compensation for employees in well-performing companies for its Corporate Governance (CG) Monitor next year. In his speech read out by political secretary Tony Pua at the launch... It's nothing SC can do about, but surely CEO compensation should be deliberated at AGMs and duly approved by shareholders Were going to have mutineers amongst the companies now. Simple, why not the employees just be their own boss then? Then they can have any amount of salary they wish to have.
La source: malaymail - 🏆 1. / 86 Lire la suite »