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Nation

Labour force issues improved in June

PUTRAJAYA: Malaysia’s unemployment rate declined by 0.4 percentage points month-on-month in June 2020 to 4.9%, from a record high of 5.3% in May, the Department of Statistics Malaysia (DOSM) reported.

Economy

Poor in a rich nation

BASED on Department of Statistics Malaysia’s (DOSM) recent Household Income and Basic Amenities Report 2019 released on July 10, Malaysia is defined as a nation that falls under the World Bank’s definition of an upper middle-income economy as our gross income per capita of RM45,131 is within the band of US$4,046 and US$12,535. On a per month basis, the gross income translates to about RM3,761.