PENANG: Malaysia’s per capita income rose by 40% in 2007 compared with 2004, said Second Finance Minister Tan Sri Nor Mohamed Yakcop.
He said the per capita income was now RM22,345 (US$6,452) compared with RM15,819 (US$4,163) previously.
“If we compare in terms of US dollar, the per capita income has risen by 55% due to the depreciation of the dollar against the ringgit.
“The Barisan Nasional Government is confident that we will get the people’s mandate again based on the improved economic resilience.
“There will be challenges and we are prepared to meet them,” he told newsmen Saturday after visiting the St Nicholas’ Home here.
tunku :election talk again. may be nor yakcop took the figure base on the increase of salary for the government sector.what about other sector? and don't forget that goods prices also increase by 40%, so what's the big deal about it?
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3 comments:
But USD had fallen against most currency in the world. What are measure against.?
http://www.bloomberg.com/apps/news?pid=20601087&sid=aCs.keWwNdiY&refer=home
Which constituency he was elected from? Since he is not people elected , he will never understand the grass root hardship.
Under Malaysia Boleh we are rewrtiting everything.We even have our own rating agency to rate our bonds.Rcently announced that total Commercial Paper issued as of 2007 was RM 154 Billion compared to RM 54 Billion in 2006. None of our economic analyst have questioned this.
I am afraid that many of our ecnomic policies do not seem to sustainable.This is election year and government will be using our money to bribe us.My conern is that when the crash comes it is the people who will have to tighten our belts.
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