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 89 Collage 89
News6 hours ago

Johor Government May Implement a 4.5-Day Workweek in the Near Future

A 4-day workweek sounds ideal, but a 4-and-a-half day workweek doesn’t sound bad either. Johoreans may be in luck next...

My Post 1 2024 11 21T160023.537 My Post 1 2024 11 21T160023.537
News7 hours ago

“UPSR get D, SPM can get A” – PMX Responds to BERSIH Giving Him a Grade D in ‘Report Card’

Prime Minister Datuk Seri Anwar Ibrahim has opened up about BERSIH’s ‘report card‘ on his administration’s performance in conjunction with...

My Post 1 2024 11 21T114442.032 1 My Post 1 2024 11 21T114442.032 1
News12 hours ago

PDRM is Offering 60% Off Selected Traffic Summons at Govt’s 2nd Anniversary Event This Weekend!

In conjunction with the MADANI government’s 2nd anniversary on 24 November (Sunday), the Ministry of Home Affairs of Malaysia (KDN)...

Collage 17 1 Collage 17 1
News1 day ago

MCPF Calls for Vape Ban, Warns Addiction to Substances Can Lead to Unhealthy Behaviours Like Theft

The Malaysian Crime Prevention Foundation (MCPF) is urging for the sale of e-cigarettes or vape devices to be banned or...

Feat Image Lesen Feat Image Lesen
News1 day ago

Anthony Loke: Road Users in M’sia May Have to Pay for Physical Driving License Cards Starting Next Year

Transport Minister Anthony Loke Siew Fook today iterated that the Government will continue with the implementation of digital driving licenses...

Collage 15 2 Collage 15 2
News1 day ago

Filipino Couple Caught Living & Working Illegally in Malaysia Using Fake MyKads That Cost RM250 Each

A Filipino husband and wife were arrested during a raid on November 19 at a house in Pandan Indah yesterday...

Feat Image Apple Ind Feat Image Apple Ind
News1 day ago

Apple Offers to Increase Investment in Indonesia Tenfold to RM446 Million to Lift Country’s iPhone 16 Series Ban

Previously, we shared how the Apple iPhone 16 Series is banned from being sold in Indonesia until the tech giant...

My Post 1 2024 11 20T144359.263 My Post 1 2024 11 20T144359.263
News1 day ago

BERSIH Names Ismail Sabri the Best PM Since 2009, Calls Out PMX for Lack of Urgency with Reforms

In conjunction with the upcoming 2nd anniversary (24 November) of Anwar Ibrahim’s administration, The Coalition for Clean and Fair Elections,...

Announcement

Latest Videos



TRENDING TODAY