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Can Forest City Be Malaysia’s Economic Lifeboat

Lim Teck Ghee, Murray Hunter and Carolyn Khor As the nation battles insufficient tax revenue, growing government debt and GLC inability to provide the catalyst of dynamism and change to the economy, young Malaysians are increasingly unable to find rewarding employment and losing hope that their future in Malaysia will be promising and secure.  The writing was on the wall from a long time ago with worker out migration to Singapore and elsewhere increasing with arithmetic progression since the launch of the NEP. According to Human Resources Minister V. Sivakumar some 1.13 million out of 1.86 million Malaysians who have migrated overseas resided in Singapore. Two Malaysian diaspora studies conducted in 2022 and the findings of which were recently announced found that 39 per cent of the diaspora working in Singapore are skilled workers and 35 per cent are semi-skilled workers, while in Brunei, 68 per cent of the working diaspora are skilled workers and 24.1 per cent a...