Wages too low, says Bank Negara

Despite a long presence in Malaysia, the contribution of foreign insurers to the overall development of the domestic insurance industry has not been at the level expected.

ALTHOUGH the income levels of Malaysians have increased significantly over the years, voices of discontent are mounting over the decline in purchasing power.

Low and depressed salaries are among the grouses of executives and non-executives amid the apparent lifestyle changes of Malaysians.