Focus on services, says Acer’s Shih

by Julian Matthews

KUALA LUMPUR: Acer cofounder Datuk Dr Stan Shih advises Malaysia to focus on services in order to get ahead of the curve and compete in a globalised economy.

He said thinning margins in hardware manufacturing and the rise of China as the “factory of the world” has left manufacturing-dependent countries like Malaysia with little choice.

“The services industry is the next wave in economic development. In advanced countries, the services sector comprises two-thirds of their economies. There are higher returns and more opportunities in services.

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