For struggling families, it will be a gloomy Festival of Lights


Noel Achariam Looi Sue-Chern Ravin Palanisamy

Indian Malaysians will celebrate Deepavali next week but many families say that they have had to tighten their belts. – The Malaysian Insight file pic, October 14, 2017.

AS the Festival of Lights draws near, many Malaysian families celebrating Deepavali are facing dark times.

Despite the World Bank forecasting a positive GDP growth of 5.2% for the third quarter, the average Malaysian continues to struggle with inflation, which hit 3.7% in August, compared with 3.2% in July.


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Comments


  • His company stopped overtime for employees after budget cuts were enforced.

    Posted 6 years ago by Joe Fernandez

  • If you want to know how B40 is doing, this is a perfect indicator. For rest of economy, look at CNY in Feb. Last year, the mood was not good at the luxury end. This year the negativity will spread wider

    Posted 6 years ago by Bigjoe Lam