KUALA LUMPUR (Nikkei Markets) -- Malaysia, raring to break into the club of high-income nations, needs to unleash few structural reforms to lift local wages and shrink income inequality in an economy that has enjoyed near-full employment for years, policymakers and economists said.
Nikkei Markets
Malaysia needs structural reforms to shrink income gap
Government eyes raising skills and boosting foreign investments in key sectors
Malaysian Prime Minister Mahathir Mohamad has raised the minimum wage to 1,100 ringgit per month since coming to power in 2018. © Reuters
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