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Thursday, March 31, 2011

Living on borrowing, govt must help Malaysians

This is a sign of a crisis-plagued economy in need of a quick solution.

FMT ALERT

KUALA LUMPUR: Pakatan Rakyat leaders urged the government to set up a commission to help the average Malaysians solve their debt problems amid soaring cost of living.

The Malaysian middle and lower class are “living on borrowing”, a sign of a crisis-plagued economy, said DAP economist Charles Santiago today. He said a quick solution – increasing real income – was needed.

“At present, the nation is faced with an indebted middle and working class that is unable to support families with their present wages and remuneration,” he told reporters at Parliament lobby.

MORE TO COME

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