Malaysia has the lowest cost of living among ASEAN Countries, the Prime Minister of Malaysia, Datuk Seri Najib Tun Razak shared on his blogpost . In his speech that being posted at his blog najibrazak.com , Najib wen on to outline how the government had made it a priority to tackle the issue of living cost while at the same time setting sights on making the country as a high-income nation.
Najib was referring to the EIU’s Worldwide Cost of Living 2017 report published last month and he pointed out that Malaysia’s capital city Kuala Lumpur was ranked 96th out of 133 cities globally in the report but we are not resting on our laurels.
“There is still more that we are and will be doing to increase income and reduce the cost of goods.
“The government has continued its efforts to reduce living cost by introducing various measures including Bumiputera-specific programmes under Teraju, MARA, SUPERB, Facilitation Fund, Tekun; as well as cost-control measures for all Malaysians under subsidised grocery chain Kedai Rakyat 1Malaysia, Klinik 1Malaysia clinics, 1Malaysia book vouchers and affordable housing programme 1Malaysia People’s Housing Programme (PR1MA).
In figures released last month, Bank Negara Malaysia (BNM) expects headline inflation to be 3 to 4 percent in 2017, against 2.1 percent last year, EconoTimes reports.
“I really hope these programmes will lift up the people’s standard of living because this is what I work towards each day as prime minister,” he concluded.
Reference :- Malaysian Digest
Honestly, I think most people disagree with the statement. Yes, government help by giving subsidised using the programme such as Kedai Rakyat 1Malaysia, Klinik 1Malaysia but that not all people get the subsidised. Most middle income people have problem to survive especially on housing. An affordable housing programme using PR1MA is not working well and many project still hold because of the money problem.
The statement compare with other ASEAN? I don’t know about other’s country and I don’t care about it. The important is our life in Malaysia and not others.
GST and petrol hike also affected our expenses as it become a chain problem. GST that could help decreased price of goods still not happen. I think Custom and KPDNKK need to do some mechanism to ensure this could happen.
For me, I need to work harder to increase my source of income and make sure I could retire before 50s(next year I will reach 40s).