Anthony Dass

Recent and archived articles by Anthony Dass

6 May 2019 | 7:00 AM

Future of work in the digital economy

GLOBALISATION, technology, mobility, Millennials and new attitudes are causing the employment scene to change at an ever-faster rate.

Dass: Digital technology is causing the world of work change quickly today. Late adopters are placed in the same platform as “out of business”. It means, companies can no longer have the luxury of waiting to see what happens.
2 Apr 2019 | 7:00 AM

Should central banks focus on ‘inflation targeting’ or nominal GDP?

IN general, economists have made considerable progress in understanding the role of central banks in addressing inflation.

Anthony Dass(pic): In summary, in the face of current realities, it is clear that central banks may need to shift their focus away from inflation targeting or exchange rate targeting to nominal GDP targeting. The sooner this happens, the better it will be for the world economy.
4 Mar 2019 | 7:00 AM

Can inheritance tax be the answer to wealth inequality?

ONE of the most hated tax is the “inheritance tax” which hardly anyone pays in many countries. An inheritance tax, sometimes referred to as an estate tax, may apply to that accumulated amount so that the government can still get a piece of the action even after the family has held a wonderful service for the one who passed away.

Dass: Until recently, this paradox appeared to make raising more money from inheritance tax a no-go region. Yet some are now talking about it as a way to deal with growing inequalities and redistribution between generations while helping raise revenue for the government.
7 Jan 2019 | 7:00 AM

Call for enterprise business strategy as global economy walks into crisis

GLOBAL growth is expected to moderate in 2019 with risks skewed to the downside as investors attuned to the US-China trade war, uncertainty on China’s growth, the US Fed rate hike aggressiveness, global monetary policy tightening with central banks taking a step back from their long-standing market support from the very low interest rates for nearly a decade and emerging market debt noises.

Anthony Dass(pic): Effectively, the world economy could be “silently walking into a crisis” especially with complacency among regulators and a backlash against international agreements, particularly from the Trump administration that has undermined efforts to prepare for another downturn. Hence, there is an urgent need to make effort to collect more data on activities and entities while embarking on a more macro and micro prudential approach to monitoring.
4 Dec 2018 | 7:00 AM

Opec meeting risks being a non-event

THE price of oil has been on a roller-coaster ride over the past few years, falling from its 2014 peak before making a steady recovery earlier this year. Brent Crude, the major benchmark price for oil purchases worldwide, rose more than 20% in the first half of 2018, before hitting a four-year high of US$86.07 a barrel in early October.

If the Opec meeting fails and becomes an ambiguity, one can foresee the oil traders expressing their disappointment by pushing the price down as low as US$40 per barrel. Already, prices have fallen by 35% over the last eight weeks.
7 Nov 2018 | 7:00 AM

A comprehensive and innovative budget

Comment - By Anthony Dass
NOV 2, 2019 was a historic day for Malaysia.

1 Oct 2018 | 7:00 AM

Digital technology formalises informality

THE informal economy touches every sector, from agriculture and construction to education and professional services, to a varying degree. A dominant trait is its reliance on unreported cash-only transactions.

Anthony Dass: The informal economy is one of the most pervasive challenges in modern society, yet one of the hardest to measure or understand. Many governments around the world recognise the challenges posed by the informal economy, and are increasingly embracing digital payments as a way to reduce informal transactions.
3 Sep 2018 | 7:00 AM

The risks you face in ‘commoditising’ healthcare

Countries around the world have recognised the need for a robust healthcare system for sustainable growth and development. Recent data shows that the US spends about 17.2% of its GDP on healthcare, while the average spending by Canada, Germany, Australia, the UK, Japan, Sweden, France, the Netherlands, Switzerland and Denmark was around 10.7% of their GDP in 2016.

With the growing need for a more efficient healthcare system to ensure sustainable economic growth, technology-enabled care solutions may help fill the gap.
6 Aug 2018 | 7:00 AM

Young and jobless in Malaysia

AS the global economy continues to recover, labour force is improving, albeit at a slower pace.

Anthony Dass(pic) writes: Looking at Malaysia, although headline unemployment is around 3.4% in 2017, the youth unemployment rate is over three times higher at around 10.8% in 2017. Among Asean countries, the youth unemployment rate is lowest in Singapore at 4.6%, followed by Thailand (5.9%), Vietnam (7%), Philippines (7.9%) and Indonesia (15.6%). In China, it is at 10.8% while India’s youth unemployment
2 Jul 2018 | 7:00 AM

Will the next market crisis turn into a contagion?

Comment - By Anthony Dass
IN today’s scenario, one of our key focuses is the US Fed and European Central Bank (ECB) – both fiddling with their monetary policy. It represents a wind of change in global markets. From a tailwind due to the massive bond-buying programme that effectively supported risky assets, the tide has changed to become a headwind.