CEO Forum 2014
concurren t session c
“A crisis resilience scorecard for Malaysia”
moderator
Tan Sri Dato’ Seri Haji Megat Najmuddin Datuk Seri Dr Haji Megat
Khas | President, MICG
“In terms of subsidies, they are still kicking the can down the road. There is no
political will (to reduce subsidies). It is
draining the Government coffers. We
are talking about RM30 billion a year for
fuel subsidies. The Government must
make a hard and fast decision and bite
the bullet to ensure subsidies go to the
right category of people”.
panellists
Dato’ Charon Wardini Mokhzani
| Managing Director of Khazanah
Research Institute and Executive
Director Khazanah Nasional Berhad
“One big theme at the moment is income inequality...Malaysia has income
inequality. However, the Statistics
Department and World Bank data
show that our income inequality has
not worsened over the last 20 years
whereas other countries’ inequality
have worsened. As such Malaysia is
not as bad as other countries. But a
possible cause of the next crisis could
be income inequality.”
14 | P e r d a n a M a g a z in e 2 0 1 5
Dato’ Steven CM Wong | Deputy
Chief Executive, ISIS
“Today, the entry-level salary for the
banking sector is about RM2,600 –
RM2,700. Salaries have hardly doubled
in thirty years at the entry level. If we go
by MEF’s (Malaysian Employers Federation) survey on salaries, there’s a disparity in the increase in salaries at the top
and at entry levels...If the current wage
remains the same, of course, you won’t
be able to get people to fill positions.
Does this mean we have a shortage of
workers? It means we have a shortage
at that particular price point, no more
and no less than that.”
Mr Nor Zahidi Alias | Chief Economics, Malaysian Rating Corporation
Berhad
“When compared with other countries, we are not too bad in terms of our
growth profile. In terms of economic
structure, one of the concerns is that
Malaysia is overly dependent on a particular economic sector. This issue was
brought up in July 2013 when an international rating agency downgraded their
outlook (not their rating) on Malaysia.”