BR1M a problem, not a solution, says MIER The Malaysian Institute of Economic Research (MIER) has urged the government to stop handing out money as a measure to narrow the gap between rich and poor. MIER executive director Zakariah Abdul Rashid said with Bantuan Rakyat 1Malaysia (BR1M) rising to record levels, it will only fuel inflation and do nothing for productivity. Our income does not grow fast enough, our productivity is rising... this creates a mismatch, the MIER economist said at the institute’s quarterly briefing today. Full story: malaysiakini/news/260904 #BR1M #Malaysia #Economy
Posted on: Thu, 24 Apr 2014 05:35:36 +0000
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