How economists change the game
“The ultimate aim of economics is, as of every science, to clarify the relationships between elements which have been thought in isolation.” Lionel Robbins, economist, 1898 -1984 Let me tell you a story that might just get you laughing. Two guys walk into a bar… Okay, I know it sounds like the beginning of a […]
Education over handouts to break cycle of poverty
KUCHING: As cash handout programmes have become more prevalent in the fight against poverty, economists are debating whether they are truly effective. While they agree that such programmes can provide temporary relief, there are concerns about long-term sustainability and dependency. New Sarawak Tribune spoke with three economists to get their thoughts on whether cash handouts […]
Economist: Emphasise pleasure consumption in tobacco harm reduction strategies
KUCHING: An economist is calling for greater focus on pleasure consumption in harm reduction strategies for tobacco use. According to a recent policy paper titled “Toward a Science-based Strategy to Harm Reduction: A Theoretical Introduction” published by Center for Market Education, pleasure consumption was an important factor to consider when developing harm reduction strategies for […]
High inflation rate has people worried
By Neville Timothy Sanders & Nura Valentiana Lorna KUCHING: Commodities are not an issue that the people are worried about; it is inflation that has the them in its grip. The falling prices of commodities in recent months have sparked concern among some of the experts that it could lead to a global recession. This […]
Unfair to label Malaysia as ‘failed state’
KUALA LUMPUR: While the country is going through various challenges, it is unfair to label Malaysia as a “failed state”, according to several economists. Sunway University professor of economics Dr Yeah Kim Leng said people in the government, especially those involved in battling the pandemic and economic downturn, are without doubt doing their utmost best […]
Economists see less severe impact from MCO 2.0, state of emergency
KUALA LUMPUR: The Malaysian economy will likely take another hit in 2021 but at a less severe level compared to when the movement control order (MCO) was imposed during the first two Covid-19 waves in 2020, economists said. Following the MCO last year, second-quarter Gross Domestic Product (GDP) shrank by 17.1 per cent. Sunway University […]
Economists applaud decision to reopen selected sectors of economy
KUALA LUMPUR: Economists have welcomed the government’s decision to reopen several selected sectors of the economy in stages during the extended movement control order (MCO) based on healthcare guidelines and strict movement control. Bank Islam chief economist Dr Mohd Afzanizam Abdul Rashid cited the manufacturing sector as one of the sectors that should be focused by the government as it accounts […]
