Rafidah’s economic recovery council idea gets thumbs down

Free Malaysia Today

Economist Geoffrey Williams says the panel will have no independence with the prime minister as its chairman.  Read More: https://www.freemalaysiatoday.com/category/nation/2024/03/06/rafidahs-economic-recovery-council-idea-gets-thumbs-down/   Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #RafidahAziz #GeoffreyWilliams

Transcript

00:00 Former Minister Rafiq Deh Aziz's proposal to establish an ad-hoc National Recovery Council

00:07 has failed to garner support from an economist and a business sustainability group.

00:12 Jeffrey Williams of the Malaysia University of Science and Technology discounted it outright,

00:17 saying such a council would give the impression that the economy is in crisis.

00:21 He said the unity government's problems are legacy issues which require a different

00:26 approach, adding that it is better to establish an independent economic policy institution

00:31 to formulate long-term strategies and analyze short-term ones.

00:35 Meanwhile, Malaysia SME Sustainable Entrepreneurship Organization treasurer Angus Ng offers conditional

00:41 support for the idea.

00:43 He said an ad-hoc council would be valuable only if the government heeds the advice of

00:47 its members.

00:48 Such a council may be rendered redundant if it was chaired by the Prime Minister since

00:52 he would have the final say.

00:54 However, Small and Medium Enterprises Association chairman William Ng said the proposal may

00:59 be worth considering if certain conditions are met.

01:03 He said only the best brains in the country should sit on the council, with representation

01:07 from the public and private sectors, as well as civil society.

01:11 Ng highlighted the need for innovative ideas from unconventional sources, stressing that

01:16 membership of the council should not be limited to the same associations and government agencies.

01:21 (upbeat music)

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Transcript

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