People not benefitting from Malaysia’s ‘2-speed economy’, says DAP lawmaker


Bede Hong

Howard Lee says despite good macro economic numbers, people on the streets are struggling to make ends meet. – The Malaysian Insight pic by Hasnoor Hussain, January 17, 2018.

SMALL business owners and the working class are not reaping the benefits of Malaysia’s growth because a “two-speed economy” existed under Prime Minister Najib Razak’s administration, an opposition-funded forum was told. 

Malaysia’s economy recorded a higher-than-expected growth of 5.8% last year, thanks to improving domestic demand and labour market.


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Comments


  • The government and it's 'closed-loop' crony capitalist enablers( M'sia Inc) deliberately limits you to subdue and subjugate you.

    An economically emasculated populace is kept impoverised, disoriented, fatigued and dysfunctional to prevent subversion.

    It is all for unbridled power. They feed on the cerebral waste they produce for that purpose only.

    Time to stop this canibalism for power and greed!

    Posted 2 years ago by Arun Paul

  • First he says SMEs are suffering. Then he wants to increase their costs by increasing minimum wages. huh? Does he know that there is already minimum wages in Malaysia where you pay foreign workers the same as locals? What is he smoking?

    Posted 2 years ago by Eugene Tan