Malaysia has lowest poverty rate in S-E Asia - Salleh


KUALA LUMPUR: The Central Intelligence Agency (CIA) World Factbook 2017 has reported that Malaysia’s poverty rate is the lowest among South-East Asian countries, said Communications and Multimedia Minister Datuk Seri Dr Salleh Said Keruak.

He said it was just 3.8% compared to Vietnam and Indonesia (11.3%), Thailand (12.6%) , Laos (22%), the Philippines (25.2%) and Myanmar (32.7%).

“If compared to other countries with a high poverty line like Syria (82.5%), Madagascar (75.3%) and Zimbabwe (72.3%), I feel grateful over Malaysia’s success in ensuring the well-being of the people,” he said on his blog, sskeruak.blogspot.my, on Wednesday.

He also said the report highlighted that Malaysia’s per capita gross domestic product was US$27,200, which was far better than those of its regional peers as Thailand (US$16,800), Indonesia (US$11,700), the Philippines (US$7,700), Vietnam (US$6,400), Myanmar (US$6,000) and Laos (US$5,700).

Salleh stressed that Malaysia’s success was different from the perception of certain quarters who felt the country had been left behind, but the current data clearly showed it had achieved a level of economic growth that  was very good vis-a-vis neighbouring countries.

“Samuel P. Huntington in his book, Political Order in Changing Societies, said one way of evaluating the political development of a country is to watch its economic growth. The index of measurement he used was per capita income and the poverty line,” he added.

Salleh expressed confidence that through the Government’s efforts at  making Malaysia a high income nation, 2018 promises a better outcome for the lives of the people. - Bernama

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Global manufacturing activity recovery to continue gradually into 2024 - S&P Global
Country Garden plans to present debt revamp plan in second half, sources say
Oil prices on track to snap two-week losing streak
MAA Group sells entire 58% stake in Turiya for RM52.86mil
Majuperak, Shizen to explore solar photovoltaic development in Perak
Asia stocks rise, yen plumbs 34-year low as BOJ stands pat on rates
Fernandes: AirAsia Group to be listed on Bursa Malaysia in September
Spritzer clarifies mistaken identity in insider trading report
Berjaya Corp denies involvement in Forest City Casino talks
Malaysia's PPI higher by 1.6% in March 2024

Others Also Read