Only strong govt can undo Mahathir’s damaging policies, says fund manager

[superadmin]

PETALING JAYA: A global fund manager says a strong government and solid policies are needed to undo the damage caused by Dr Mahathir Mohamad’s economic policies.

Tan Teng Boo, who heads the Capital Dynamics group, said Malaysia was still paying the price for policies initiated decades ago.

He said Mahathir’s policies in the 1980s and in the Pakatan Harapan government of 2018-2020 had been damaging to the country.

He cited Mahathir’s focus on heavy industries and the development of the national car industry as examples of those policies.

“Why would we, as a small market at the time, think we needed a national car policy when we had other priorities?” he told FMT Business in an interview.

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