Prof Yeah said government support in the form of wage subsidies extension, access to funds and guarantees, and various reliefs to low business costs would be welcomed, especially by large and mid-sized firms that are considering downsizing, relocating or exiting.
Prof Dr Yeah Kim Leng called for a review of the various regulatory agencies especially if they caused the country’s investment climate to be less attractive.
Prof Yeah Kim Leng has cautioned against the second round of lockdown, adding it will dampen economic recovery over the Chinese New Year festive season.
Prof Dr Yeah Kim Leng commentfs on efforts to revive the tourism sector and emphasis should now be placed on food security through modern farming techniques.
Prof Dr Yeah Kim Leng said the government could increase the focus on business transformation and re-engineering, through technological upgrading and innovations.