Tuesday 30 May 2017
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NAJIB POURS SALT INTO MALAYSIA’S WOUND: WE ARE ‘CHEAPEST’ COUNTRY IN ASEAN, SAYS NAJIB OMITTING TO MENTION RINGGIT PLUNGE DUE TO HIS 1MDB SCANDALS, MISRULE

KUALA LUMPUR A survey which shows that Malaysia has the lowest cost of living in Southeast Asia indicates the government’s success in tackling the issue, the prime minister said today. Datuk Seri Najib Razak said Putrajaya had prioritised efforts to tackle the issue of living costs and to lessen Malaysians financial burden in its effort to make the country a high-income nation. He cited measures such as the authorities price controls and cutting out middlemen, as well as the distribution of cash assistance under the 1Malaysia People s Aid (BR1M) to low-income earners. “The government believes these efforts have to an extent borne fruit when Malaysia was assessed as the city with the lowest cost of living among the Asean countries according to a 2017 global survey on living costs by the Economist Intelligence Unit,” he said in a speech posted on his blog today. The EIU had, in its Worldwide Cost of Living 2017 report last month, listed Malaysia s capital city Kuala Lumpur as ranking 96th out of 133 cities

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