The Shrinking Wallet

With the cut in fuel subsidies leading to the gradual increase in prices and inflation, the higher cost of living and declining quality of life has become a concern among Malaysian consumers from all walks of life. The landscape for business owners has been made more daunting with the 6% GST roll-out on 1 April 2015 and falling consumer confidence levels. PHD Malaysia, in partnership with Epinion and Media Prima Group, have embarked on a research study to understand the impact of the rising cost of living in Malaysia. What is the impact of the rising cost of living on consumers and businesses?