Phar Kim Beng is a professor of ASEAN Studies at the International Islamic University of Malaysia and a director at the Institute of Internationalization and ASEAN Studies (IINTAS)
Nation, trapped by old tax system and bureaucracy, invests too little in the future

The Kuala Lumpur skyline is seen on July 31. © Reuters
Phar Kim Beng is a professor of ASEAN Studies at the International Islamic University of Malaysia and a director at the Institute of Internationalization and ASEAN Studies (IINTAS)