Bernama
PETALING JAYA: Job losses and salary cuts resulting from the Covid-19 pandemic have pushed an estimated 20% of those in the M40 (middle-income) group down to the B40, or lower income category.
While various government initiatives have helped tide them over the current lean period, nothing short of a strong economic recovery will push them back up to their original level, according to economists
theSun spoke to.
It is also unclear how long this will take.
Universiti Utara Malaysia professor of economics Dr K. Kuperan Viswanathan said even those who have tertiary education are having trouble getting a job, or if they manage to land one, they are offered low salaries.
Cautious approach best for health, economy Sunpix
PETALING JAYA: Measures to curb the spread of Covid-19 must be tempered with efforts to give the economy a much-needed boost.
A medical expert and an economist
theSun spoke to agreed that while measures to prevent another surge in infections must continue, some easing of restrictions are in order.
Economist Dr Yeah Kim Leng said now that the work-from-home policy has been lifted, the next step will be to ease restrictions on interstate travel.
Sharing similar views is Dr Victor Hoe Chee Wai Abdullah, who said that there must eventually be some semblance of normalcy.
Published on: Saturday, April 10, 2021
By: Bernama
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Kuala Lumpur: Malaysia’s Industrial Production Index (IPI) growth in the first two months of the year shows that the external environment has been constructive for the domestic economy.
The IPI, which is a monthly economic indicator measuring real output in the manufacturing, mining, electricity, and gas industries, rose 1.5 per cent year-on-year in February 2021, propelled by a 4.5 per cent rise in the manufacturing index.
Bank Islam Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid
(pic) said the higher exports volume in February, which grew 17.6 per cent, had also translated into a continued positive print in IPI growth.
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Friday, 09 Apr 2021 04:36 PM MYT
A bird s-eye view of Kuala Lumpur July 8, 2020. Picture by Hari Anggara
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KUALA LUMPUR, April 9 Malaysia’s Industrial Production Index (IPI) growth in the first two months of the year shows that the external environment has been constructive for the domestic economy.
The IPI, which is a monthly economic indicator measuring real output in the manufacturing, mining, electricity, and gas industries, rose 1.5 per cent year-on-year in February 2021, propelled by a 4.5 per cent rise in the manufacturing index.
Bank Islam Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the higher exports volume in February, which grew 17.6 per cent, had also translated into a continued positive print in IPI growth.