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Services sector reform crucial for Malaysia - World Bank

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Some restrictions imposed by the authorities need to be reviewed to attract more trade and investment, it says.

It is crucial for Malaysia to reform its services sector in order to achieve advanced services and innovations for its future economic growth post-Covid-19, said Aaditya Mattoo, chief economist of the East Asia and Pacific Region of the World Bank.

He is of the view that some restrictions imposed by the authorities, particularly access to the Malaysian market, need to be reviewed to attract more trade and investment in the services sector going forward.

 

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