While we ruminate about our recovery efforts amid the third wave of this deadly pandemic, I want to refocus our energies on the troubled state of our state-owned enterprises (SOEs).

It’s through their reform and restructuring that we begin to sustainably build confidence levels and claw ourselves out of this decades-long low-growth trap. Selling a majority stake in SAA is just one step, but it promises a much-needed pragmatic approach to the problems that SOEs continue to pose...

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