Economic inequality hinders Malaysia’s high-income aspirations

KUALA LUMPUR (Oct 22): Although Malaysia aims to achieve high-income nation status by 2024 — the previous target was 2020 — Putrajaya appears cognisant of the need to address the yawning income gap between the B40 (bottom 40%) households and middle- and high-income households for social stability, since a sizeable 2.

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Tan Chin Nam passes away at age 92

KUALA LUMPUR (Oct 22): Datuk Tan Chin Nam, patriarch of the Tan family who founded two of Malaysia’s biggest private property developers — Tan & Tan Developments Bhd and IGB Group — passed away yesterday at the age of 92.

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