PETALING JAYA: Malaysia’s growth story so far this year is being reshaped by a deliberate move away from broad-based subsidies toward a tightly targeted system that channels cash and wage gains directly to active consumers, analysts say.
According to BIMB Research, this is likened to a “double-boost” effect on domestic demand.
“This phenomenon, driven by the synchronised execution of landmark wage reforms and record-high direct cash assistance, has fundamentally reshaped the domestic retail landscape.
...