In the past week or so, there were several news reports stating that Malaysia was regressing backward relative to the high-income country GNI benchmark of $15,000 per person by 2020. The Economic Planning Unit showed the figure fell to $9,291 in 2015 and to $8,821 in 2016, from $10,677 in 2014.[1] From the figures alone, […]

The Big Mac Index is one of those funky things in the world of economics that a lot of people think they know about it, but they actually do not. The New Straits Times on Saturday featured the  Index in a big way to show that Malaysia has the third cheapest Big Mac in the […]