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Dr Mahathir: Rich country has high purchasing power
savemalaysia
Publish date: Mon, 13 Aug 2018, 10:52 AM
PUTRAJAYA (Aug 13): A rich country is one where its people have high purchasing power, not just high salary rate or wage, said Prime Minister Tun Dr Mahathir Mohamad.
He said even with a salary increase of up 10% or 25%, it would not bring any good if the increase brought along rising cost of living.
"The salary is more, but the capability to buy is the same like before,” he said at the Prime Minister’s Department’s monthly assembly here today.
Citing a neighbouring country as an example, Dr Mahathir said although the country had high salary or wage rate, it was not a rich country.
"What’s the use of becoming a millionaire, if we can only afford to buy along the streets,” he said.
http://www.theedgemarkets.com/article/dr-mahathir-rich-country-has-high-purchasing-power
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Discussions
Be the first to like this. Showing 4 of 4 comments
Yeah don bring Msia to the route of Turkey loh...!!
Turkey is very similiar to msia mah...!!
2018-08-13 12:32
at current age, mahathir is not interested of all these things loh..!!
he want to be known to god he is a good man, who help msia to recover from the previous govt plunder mah....!!
Posted by Hope Raider > Aug 13, 2018 12:35 PM | Report Abuse
The problem with Malaysia is corruption! And Mahathir is father of all corruptions! He is the only PM with 4 billionaire children thanks to his massive looting in the past! And yet he treat rakyat like rubbish as usually!
2018-08-13 12:40
He is not trying to stop anwar from being PM loh....!!
He is buying insurance just in case anwar change mind & decide want to be pm b4...the 2 to 3 yrs as per agreement mah...!!
Posted by Hope Raider > Aug 13, 2018 12:45 PM | Report Abuse
What! You still believe he wants to save Malaysia! He is trying to stop Anwar from becoming PM! He is busy plundering Khazanah!
2018-08-13 12:48
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ks55
Exactly right!
Same go by Middle Class Classification.
Middle Income does not means you can enjoy a Middle Class Lifestyle.
Go by Middle Income Level in India, you may be considered as hardcore poor.
No meaning if you want to tell the world your income in S'pore is S$ 8k a month but only to qualify to buy a 3 room HDB flat. Not even an EC unless you want to buy a house in Bukit Indah!
Yes. Earning in high paid environment is worthwhile if and only if you live a beggar in S'pore and save all your very hard-earn S$ and bring back to Malaysia for your golden years...........
2018-08-13 11:16