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World sees first increase in extreme poverty in 20 years: UN report

World sees first increase in extreme poverty in 20 years: UN report

The report highlights urgent need to reform international development finance to better support country-level responses to global crises.
Fri Oct 18 2024
Budget 2025: Any minimum wage increase unlikely to exert significant inflationary pressure - Economist

Budget 2025: Any minimum wage increase unlikely to exert significant inflationary pressure - Economist

Key factors in determining the minimum wage include the poverty line income, productivity growth, and the consumer price index.
Thu Oct 17 2024
[COLUMNIST] Economic violence: A barrier to women empowerment

[COLUMNIST] Economic violence: A barrier to women empowerment

Economic violence, though more common in poorer households, can impact families of any social or economic status, including the wealthy.
Thu Oct 17 2024
122,000 Year 1 pupils still lack 3M skills - Fadhlina

122,000 Year 1 pupils still lack 3M skills - Fadhlina

Fadhlina Sidek attributed this issue to learning loss during COVID-19 pandemic, poverty and the needs of special children.
Mon Oct 07 2024
Govt steps up efforts to eradicate hardcore poverty in line with economic growth - Rafizi

Govt steps up efforts to eradicate hardcore poverty in line with economic growth - Rafizi

So far, economic indicators show promising data with positive economic growth, controlled inflation, best-performing stock market.
Mon Sep 30 2024
Covid-19 undermined progress in reducing poverty, urban households hit hardest - KRI

Covid-19 undermined progress in reducing poverty, urban households hit hardest - KRI

Absolute poverty increased from 2019 to 2022, especially among urban households, rising to 4.5 per cent in 2022 from 3.8 per cent in 2019, according to a Khazanah Research Institute (KRI) report.
Thu Sep 26 2024
Nobel laureate Muhammad Yunus was arch foe of ousted Bangladesh PM Hasina

Nobel laureate Muhammad Yunus was arch foe of ousted Bangladesh PM Hasina

Muhammad Yunus and the Grameen Bank he founded won the 2006 Nobel Peace Prize for helping lift millions from poverty.
Tue Aug 06 2024
Children disproportionately affected by poverty - Sultan Nazrin

Children disproportionately affected by poverty - Sultan Nazrin

His Royal Highness said that children are also suffering disproportionately in humanitarian crises and conflict situations.
Mon Jul 29 2024
Durian exports, zero hardcore poverty issues among highlights at Dewan Rakyat today

Durian exports, zero hardcore poverty issues among highlights at Dewan Rakyat today

After the session, Dewan Rakyat will continue with debate on Annual Reports and Financial Statements of Suhakam for the Years 2021 and 2022.
Mon Jul 01 2024
World Bank says 1.8 mil additional Ukrainians in poverty as Russia's war drags on

World Bank says 1.8 mil additional Ukrainians in poverty as Russia's war drags on

The situation would be much worse if Ukraine had not received substantial foreign budget support to pay old-age pensions and salaries.
Fri May 31 2024
PM wants hardcore poverty in Sabah to be eradicated by end of July

PM wants hardcore poverty in Sabah to be eradicated by end of July

Datuk Seri Anwar Ibrahim said the issue of hardcore poverty in Sabah, is far more serious than other states such as Penang and Selangor.
Fri May 31 2024
S'gor govt aiming to eradicate hardcore poverty by July - MB

S'gor govt aiming to eradicate hardcore poverty by July - MB

Datuk Seri Amirudin Shari said there are some of them who only need an additional RM17 per month to get out of the poverty group.
Wed May 01 2024
PM expresses confidence in IsDBs in addressing inequality, marginalisation of Muslims

PM expresses confidence in IsDBs in addressing inequality, marginalisation of Muslims

Datuk Seri Anwar Ibrahim said Muslims still happen to be the largest in terms of numbers of poverty-stricken areas of neglect.
Mon Apr 29 2024
Malaysia’s headline inflation to moderate to 2.5 pct in 2024 - World Bank

Malaysia’s headline inflation to moderate to 2.5 pct in 2024 - World Bank

Core inflation will also likely trend lower in 2024, and poverty is expected to decline further, World Bank noted.
Mon Apr 01 2024
How nature can alter our sense of time

How nature can alter our sense of time

Taking control of your time and how you use it can help to you overcome the sense that time is running away from you.
Sun Mar 31 2024
Immediate allocation of RM150 mln for local authorities, DID to tackle flash floods

Immediate allocation of RM150 mln for local authorities, DID to tackle flash floods

Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Fri Oct 18 2024
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM

Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM

Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.
Fri Oct 18 2024
Minimum wage to increase to RM1,700 effective Feb 1, 2025

Minimum wage to increase to RM1,700 effective Feb 1, 2025

The Progressive Wage Policy would be fully enforced next year with an allocation of RM200 million, benefiting 50,000 workers.
Fri Oct 18 2024
Bursa Malaysia ends higher on Budget 2025 optimism

Bursa Malaysia ends higher on Budget 2025 optimism

The benchmark index, which opened 1.85 points higher at 1,643.29, moved between 1,641.71 and 1,649.31 throughout the trading session.
Fri Oct 18 2024
Five important aspects relating to people’s lives in Budget 2025 - PM

Five important aspects relating to people’s lives in Budget 2025 - PM

The focus is on driving the MADANI Economy, speeding reforms, cutting red tape, raising wages, and tackling the cost of living.
Fri Oct 18 2024
Economic outlook: Govt plans to leverage, expand existing city transit system

Economic outlook: Govt plans to leverage, expand existing city transit system

The expansion aims to provide a more efficient and reliable public transportation network, reduce congestion, and improve accessibility.
Fri Oct 18 2024
Economic outlook: Budget 2025 to lay foundation for a digital-driven economy

Economic outlook: Budget 2025 to lay foundation for a digital-driven economy

The report said Budget 2025 will entail efforts to position Kuala Lumpur as a top 20 global startup hub by 2030 through the KL20 initiative.
Fri Oct 18 2024
Economic outlook: Corruption and lack of accountability hinder economic progress

Economic outlook: Corruption and lack of accountability hinder economic progress

Special Cabinet Committee on National governance is established to curb corruption, law reforms to modernise outdate regulations, MoF said.
Fri Oct 18 2024
National Wages Consultative Council will be strengthened

National Wages Consultative Council will be strengthened

The govt will also incentivise hiring women returning from career breaks, offer job matching and improve care services facilities.
Fri Oct 18 2024
Economic outlook: Ensuring 11 years of compulsory education for all children

Economic outlook: Ensuring 11 years of compulsory education for all children

Budget 2025 will continue prioritising upskilling and retraining initiatives to equip workers with the latest skill sets necessary.
Fri Oct 18 2024