KUALA LUMPUR, Aug 28 (Bernama) — As Malaysia turns 63 years old, the country will need to continue its transformation in becoming a knowledge-based economy to achieve its status as a developed nation, says Chris Wang.
Wang, CEO of the Asia Pacific Investment Bank (APIB) says Malaysia’s economic development has been stable as compared to its Southeast Asian peers, but it faces several constraints in breaking through the middle-income trap and become an advanced country.