Forbes.com, 22 May 2009, Associated Press
Malaysia and Singapore said Friday they may tweak their economic models as a collapse in demand from the U.S. and Europe sends the Southeast Asian neighbors into recession.
Malaysia plans to emphasize "greater creativity, innovation and high-value" as part of an effort to spark economic growth, Prime Minister Najib Razak said. Details of the plan would be announced "when we're ready," he said.
Singapore, which relies on trade, finance and tourism, will review over the next few months which manufacturing and services it may branch into, Lee said.
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