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Over Six Million Malaysians Are Earning Salaries Below The Poverty Line

Malaysia’s official poverty statistics paint a picture of steady progress. Absolute poverty fell to 5.1 per cent of households in 2024, hardcore poverty is near zero outside a few pockets, and the average Poverty Line Income (PLI) stands at RM2,705 per household
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Indonesia Finance Minister Firing Exposes Policy Disarray

Indonesian President Prabowo Subianto dismissed outspoken Finance Minister Purbaya Yudhi Sadewa on September 14, exactly one year after appointing him to take over from globally respected finance chief Sri Mulyani Indrawati
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‘Patriot Bonds,’ An Indonesian Shakedown?

One might think that Indonesia’s President Prabowo Subianto would have learned lessons from the careers of his father, Sumitro Djojohadikusumo, one of the architects of Suharto’s mostly successful orthodox economic agenda, and his grandfather, Margono Djojohadikusumo, the founder of Bank Negara Indonesia, the country’s first central bank
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As India Remains In Coal’s Grip, China May Escape

The government in New Delhi can’t get out of its own way. On the one hand, it has made strides to ramp up renewable energy investment and development to help rein in its greenhouse gas emissions
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Malaysia’s Ministry of Economy: A Redundant Layer?

In Malaysia today, the creation of the Ministry of Economy (MoE) might seem like a rational move in a world of ever-evolving complexity, where economies aren’t just shaped by numbers and markets but by narratives, ecosystems, and political choreography
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BRICS And De-Dollarization, How Far Can It Go?

WASHINGTON, US: As the current chair of BRICS, Russia is pursuing a rather extensive agenda related to finance that includes enhancing the role of member countries in the international monetary and financial system and developing interbank cooperation and settlements in national currencies.
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Malaysia’s Retirement Savings Crisis Exposes Deeper Problems

KUALA LUMPUR, Malaysia: The Asian financial crisis of 1997 revealed critical flaws in the country’s social safety net. But the lesson was seemingly forgotten until the recent Covid pandemic once again exposed the nation’s vulnerabilities.
 

 

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Tax incentives – Boon or Bane?

KUALA LUMPUR, Malaysia:PMX DS Anwar Ibrahim’s administration has repeatedly highlighted the need to be prudent in government spending in order to reduce deficits. We are constantly reminded by the Finance Minister that he has inherited more than a trillion dollars of debt from previous administrations that his government has to pay back. 
 
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Iraq Can't Hold Off Gaza's Spillover Much Longer

WASHINGTON, US: The Iraqi army captain who assassinated King Faisal II and his family in 1958 claimed, “All I did was remember Palestine, and the trigger on the machine-gun just set itself off.”
 
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