The purpose of the government’s initiative to disburse RM100 in e-wallet credit is not to substantially boost consumer spending in the short-term, as much as it is to widen national e-wallet adoption to transform the economy, say economists.
Except a stalled reform agenda has meant the 76-year-old has been unable to boost the nation’s revenues and pare debt, as the rising cost of living hits the pockets of ordinary Malaysians.
PETALING JAYA: A proposal to expand social protection coverage to working Malaysians starting from the age of 18 will be deliberated by the Cabinet, says Datuk Seri Anwar Ibrahim.
PETALING JAYA: Corporate Malaysia is not expected to see a surge in bankruptcy risks amid persistently high interest rates globally, owing to the magnitude of its interest rate hikes and well-capitalised and regulated banking system.