12 Feb '18, 9am

Economic outlook: Who is right - Rahman Dahlan or Mydin boss?

Economic outlook: Who is right - Rahman Dahlan or Mydin boss?

A delectable plate of char koay teow at Kimberly Street - Mouth-watering, ya? 8 SHARES Whatsapp Facebook Twitter Email Print RSS feed So minister Rahman Dahlan has dismissed Mydin boss Ameer Ali Mydin’s comments that despite Malaysians don’t have money to spend. He pointed to Malaysia’s strong economic growth, which he said has clearly benefited the people. They now have rising income and purchasing power. “The economic performance and condition of a country and its people cannot be measured by just one sub-sector, such as the hypermarket industry, alone… This is evident from the fact that private consumption continued to be the biggest contributor [53.2%] to Malaysia’s economy.” In the contrast, the Mydin boss said many ordinary Malaysians simply don’t have enough cash to cope with the higher cost of living. “I think people just don’t have money,” Ameer Ali Mydin told BFM...

Full article: http://anilnetto.com/economy/economic-outlook-right-rahma...

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