It is time for the industrial players to move forward by constantly thinking out of the box – reviewing their business model to survive from the COVID-19 pandemic.
The government has ensured that our institutions continue to improve on their resilience as seen in two key areas, namely “digitalisation” and “improvisation”.
Instead of bailouts, the suppressed aviation market calls for consolidation between the traditional rivals Malaysia Airlines and AirAsia through strategic merger.
To better address socio-economic issues, the government must adopt data-driven approach – cooperating with relevant ministries, agencies and representatives from private sector for more inclusive data.
Crop insurance would be the bait for farmers to take the risk in utilizing modern technologies, should there be any losses, they do not lose anything because their crops are already insured.
For Malaysia 5.0 important building blocks must be put in place. Focus more on developing human strengths, introduce correct 4IR elements into the curriculum, and transcend the humanities/sciences divide.