Raising Salaries: Not A Simple Point of View

00:40 - The Malaysian Institute of Economic Research or M.I.E.R is pushing the government to raise salaries of civil servants instead of giving out subsidies to boost domestic consumption as well as an incentive to work harder. We speak to Dr Zulkiply Omar, Senior Research Fellow at M.I.E.R to further clarify the recommendation.

07:21 - FTSE Russell news on the potential downgrade of Malaysia’s World Government Bond Index (WGBI) sparked heavy selling in the local bond market. The benchmark 10-year Malaysian Government Securities (MGS) yield spiked up 3.87% yesterday from 3.78% as investors were fleeing from the government debt papers.