High income nation soon? Let’s get real
Forbes releases latest list of 50 richest Malaysians, their net worth can actually buy into this whole country many times over.
Syed Nadzri Syed Harun
Caution : Mixed signals; get real to overcome the dizzy spin ahead.
This could very well be the handy advice thrown to Malaysians today as the country wades through the unpredictability of international economic conditions. Look, for instance, at the wealth and cost of living issues through the following headlines that came up so criss-cross over the past one week:
• Malaysia set to be a high income nation in five years, earlier than anticipated;
• Chicken prices up, minister suggests to switch in diet, consumers were upset;
• Malaysians top buyers of London properties;
• Malaysia’s household debts going through the roof, more young people declared bankrupt; and
• Forbes releases latest list of 50 richest Malaysians, their net worth can actually buy into this whole country many times over.
If this is not convoluted enough, there is a deep lament all over the social media about the escalating cost of living and a purchasing power that seems to be on a slippery slope.
