fbpx
Connect with us

News

Mahathir: “Meaningless For M’sians to Have High Income With No Purchasing Power”

Published

Mahathir: Meaningless For M'Sians To Have High Income With No Purchasing Power - World Of Buzz 4
Source: Malay Mail

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Many countries aim to become high income nations so that their citizens would have better lives, but it isn’t as simple as that. Being able to draw a high salary doesn’t automatically improve the quality of your lives especially if the prices of goods continue to increase. 

Mahathir: Meaningless For M'sians To Have High Income With No Purchasing Power - World Of Buzz

Source: malay mail

Prime Minister Tun Dr Mahathir Mohamad gave some nuggets of wisdom when he arrived at the Prime Minister’s department today (May 21). When addressing the staff at his inaugural speech, he said that there was no meaning if people were to earn a high income but did not have purchasing power, Bernama reported.

“In this country, we find there is an effort to be a high-income nation, but high income without the ability to make more purchases has no meaning at all.”

“If we raise wages but, at the same time, the prices of goods increase greatly, the additional money will not allow us to buy more than before. So, the increase in income will not have any positive impact on the country,” he said.

Mahathir: Meaningless For M'sians To Have High Income With No Purchasing Power - World Of Buzz 1

Source: instagram

However, he reminded civil servants to always follow the law and not do anything illegal even when under pressure. PM Mahathir said that he would have to clean up Malaysia’s name and make it respected again, according to Channel NewsAsia.

“We must be aware that our country is not accorded the respect it once enjoyed. I am very disappointed (now) because at one time, we were known as the best administration among the Commonwealth countries as we carried out tasks well and implemented successful programmes and plans. But today, we find that this country is no longer respected, and the administrators are no longer held in high regard,” he explained.

Mahathir: Meaningless For M'sians To Have High Income With No Purchasing Power - World Of Buzz 2

Source: bernama

Let’s hope we will have high income and high purchasing power soon!

 

Also read: Mahathir is Not Showing Any Mercy to Najib for 1MDB Scandal

 - World Of Buzz

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

Collage 31 1 Collage 31 1
News12 hours ago

PDRM Fires Shots at Tapah R&R in Self-Defense After 2 M’sians Try to Flee & Ram into Officer’s Car

On November 5, 2 suspects attempted to ram into a police vehicle that was trying to stop them at the...

Feat Image Socket Feat Image Socket
News13 hours ago

Loke: Use of Sockets on All Express Buses is Temporarily Banned After Fatal Electrocution Case in Penang

Transport Minister Anthony Loke Siew Fook has announced that the Land Public Transport Agency (APAD) has issued a temporary ban...

Collage 30 1 Collage 30 1
News15 hours ago

Honest Driver Gives Bag Containing RM1 MILLION Cash to PDRM After Finding it on Jalan Hulu Kelang

The police made a recent discovery on November 6 regarding a missing bag that contained RM1 million in cash, which...

Collage 1 1 Collage 1 1
News15 hours ago

16-Year-Old High School Student in Seremban Tragically Falls to His Death from 4th Floor of School Building

Chung Hua High School in Seremban released an official statement this morning to announce heartbreaking news – a 16-year-old male...

Collage 28 1 Collage 28 1
News16 hours ago

PDRM Arrests Mechanic for Beating Dog to Death at Keningau Workshop, Allegedly to Cook and Eat It

A man from Keningau, Sabah, who was seen in a viral video allegedly beating a dog to death with an...

Feat Image Pas Trump Feat Image Pas Trump
News17 hours ago

PAS Congratulates Trump on US Election Win, Urges Him to Foster Global Peace & Not Yield to Israel

As Donald Trump was named the winner of the 2024 US Presidential Election in a historic comeback to the White...

Collage 27 1 Collage 27 1
News18 hours ago

MACC Freezes RM1.1 Million Bank Accounts of FashionValet Founders & Seizes Items Worth RM200,000

The Malaysian Anti-Corruption Commission (MACC) has frozen multiple bank accounts, both personal and business, tied to the husband-and-wife founders of...

Collage 30 Collage 30
News19 hours ago

“I hope we’re not entering a dark time” – Kamala Harris Accepts Defeat & Will Help Trump in Power Transition

4 years after leaving office, Donald J Trump cleared the 270 electoral vote threshold and reclaimed the White House after...

Announcement

Latest Videos



TRENDING TODAY