Despite growing economy, people just don’t have enough money


Mydin managing director Ameer Ali Mydin says hypermarkets throughout the country suffered low sales last year due to the rising price of goods. – The Malaysian Insight file pic, February 5, 2018.

THE average consumer is unable to meet the rising cost of goods even as the country reports high economic growth.

This was the conclusion by local hypermarket boss Ameer Ali Mydin when analysing data on how hypermarkets throughout the country suffered low sales last year.


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Comments


  • " ......100 common foods shot up by 14% in the past five years ..." - What? Hawker and restaurant food rose much more. Professionals (who have no time to cook) who eats out suffered the most. Not surprising Putrajays's kids are malnourished.

    Posted 2 years ago by Malaysian First

    • Economists will normally write glowing reports just to please their boss who in turn has to please their political masters. Who suffers because of all this misreporting? No need for three guesses.

      Posted 2 years ago by Brandy henderson

  • This is what I mean by intellectuals are actually very stupid people. They might have been smart once, but then they kept on forcing themselves to be stupid so that they can keep their job or get promoted or basically satisfy their egoistical desires, until at one point , they didn’t have to force themselves to be stupid anymore - they were just naturally stupid. Its because they are down right stupid that an intellectual like an economist can predict that the country’s economy is doing well and expected to be better in the future, when on the ground their predictions and calculations and a measurement misses reality by a wide margin.

    Posted 2 years ago by Nehru Sathiamoorthy

    • It is not stupid. Economics is an art not a science. There are just too many ramifications. Of course many of our economists are substandard or biased and not well known for their economic acumen, a result of our racist policies.

      Posted 2 years ago by Malaysian First

  • " ..... the country reports high economic growth ...." ..... - .... it only benefited the rich tycoons and businessmen while the common folks, middle class and the poor are saddled with an unwanted by-product .... high inflation.

    Posted 2 years ago by Malaysian First

  • Ilan kembung up only 19%?? Even for 2017 alone, it's too low.

    Posted 2 years ago by Bigjoe Lam

  • All already pocketed by the politicians! When not enough, they buy land at $1 and sell $100 to foreign countries!

    Posted 2 years ago by Fun fun

  • Regarding the economic problems facing lower income group I have to agree with smart Alex Mazlan on how to react when you have limited resources. I recall him encouraging ppl to grow their own veggie which incidentally I have done so at every available space in my small two bed rooms house Meanwhile I have nasi goreng daily with different flavours. I am so grateful to the government of the day.

    Posted 2 years ago by Joseph Ally