Muhammad says there’s a need for a new operating landscapePETALING JAYA: A “new real economy” calls for a new operating landscape, according to Bank Negara governor Datuk Muhammad Ibrahim. “In the ‘new real economy’, value creation will no longer just be generated by traditional growth drivers such as manufacturing and banking services. It is clear that the rules have changed, and regulatory authorities are striving to cope with this new environment,’’ said Muhammad. The immediate challenge for policymakers was to create an enabling environment to expedite the rise of this “new real economy”, he said, noting that from the emerging markets’ perspective, a critical aspect is infrastructure readiness – but with a bias towards the new economy. “However, while things are advancing rapidly in the virtual world, physical infrastructure needs to keep pace.

Source: The Star October 10, 2016 22:18 UTC