Malaysia needs to shift to an economy based on technology, digital, innovation.

The Malaysian economy needs to be shifted to a 21st-century economy based on digital, technology, added value, creativity, and innovation from an economy based on commodities and low-value manufacturing, Economy Minister Rafizi Ramli has said.

"I hope that within these five years, we can shift the government's dependence from only a few financial sources to a combination of stronger, sustainable, diverse, and progressive sources of income," he said at the debate on the motion for a vote of confidence for Prime Minister Datuk Seri Anwar Ibrahim at Parliament on Monday.

Rafizi said Malaysia also needs to build an economic ecosystem that is fair to workers and offers wages that commensurate with qualifications and...