ENTERING 2024, the country once again finds itself entangled in a web of political speculation and deepening economic challenges. The main issue dominating the nation’s political discourse is the “Dubai Move”, in reference to an alleged secret meeting in Dubai, supposedly with the intention of overthrowing the sitting government. Although these rumours have captured public attention, they are increasingly seen as potentially fabricated distractions from more pressing issues.

The introduction of a 10% sales tax on certain online goods, implemented a week ago to level the playing field between local and foreign products, has quickly become a point of contention. The public, already facing job instability and reduced household budgets, view this as an additional financial burden, exacerbating their economic difficulties.

This pressure is further intensified by the government’s failure to control the prices of essential goods, especially eggs and vegetables. The impact of these price hikes is profoundly felt by the low-income group, increasing the burden of daily living.

Moreover, the devaluation of the ringgit, reaching its lowest value against the US dollar in 25 years, also contributes significantly to the economic woes of the people. This decline in currency value, coupled with rising commodity prices, is a major factor in the current cost-of-living crisis. The people are not only struggling with a political narrative but are also deeply affected by these “real” issues. The increase in the cost of living is not just a topic of political discussion but a significant crisis affecting the lives of ordinary citizens.

In this scenario, even though the Dubai Move controversy continues to attract national attention, it pales in comparison to the more urgent and ongoing economic difficulties faced by the people. The real story that requires immediate attention and action is the rising cost of living and the economic hardship of the people, not the Dubai Move. – January 7, 2024.

* Mahathir Mohd Rais is Bersatu Federal Territories information chief.

* This is the opinion of the writer or publication and does not necessarily represent the views of The Malaysian Insight. Article may be edited for brevity and clarity.