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Malaysia should focus on helping businesses grow and scale if it wants to achieve higher wages for workers, rather than relying on a single national salary target, said economist Dr Carmelo Ferlito.
The chief executive officer of Center for Market Education Sdn Bhd said policymakers should remove barriers that prevent businesses from expanding, including regulatory compliance costs, licensing complexity and policies that could discourage firms from growing.
He said making it easier for businesses to merge, raise capital and expand would help create the conditions needed for wages to rise sustainably.
