Malaysia needs proactive, not reactive policies - PM Najib

Malaysia's economy is now in need of a structural change and therefore national policies should not be reactive but proactive, said Datuk Seri Najib Tun Razak.

The Prime Minister said that for Malaysia to remain competitive, it needed infrastructure and investment in human capital.

"We have taken steps to increase the value chain by targeting services and higher income for the people," he said in his latest posting on his blog, www.najibrazak.com, tonight.

Najib was commenting on the consultation session with academicians from the faculty of economics and business of public and private institutions of higher learning in Malaysia that was held at Parliament House this morning.

"All those present were specialists with in-depth knowledge of the economy, and their views can help us move forward as a country in this rapidly developing world.