By Shannon Teoh
The Malaysian Insider
Oct 11, 2011
KUALA LUMPUR, Oct 11 — Global banking giant Goldman Sachs believes Malaysia must push through tougher reforms such as a goods and services tax (GST) and slashing subsidies if it wants to transform into a high-income nation.
Its review of Budget 2012 proposals said the recovery in private investment since the 1997 Asian financial crisis has been held back “by scepticism over the government’s transformation efforts over the years.”
“Pushing through tougher reforms is ultimately what is needed to catalyse the economic transformation process. Continue reading “Goldman Sachs says Malaysia needs tougher reforms”