EDITION
  • English
  • 中文
  • Bahasa
  • eCommerce
Tuesday, June 6, 2023
uLearnMoney Subscription Events
No Result
View All Result
Money Compass

EDITIONS:

Media and partner organizations:

cmc bmc ulearnmoney mylife mcm asncommerce mcm
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
Subscription Newsletter
Money Compass
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
No Result
View All Result
中文 Bahasa eCommerce
Money Compass

Poverty line to be revised with comprehensive data – Mustapa

by moneycompass
August 17, 2022
in Local Market News
The poverty line will be revised after data from the Household Income, Expenditure and Basic Amenities Survey (HIES/BA) 2022 is analysed.

Source: jcomp via freepik

Share on FacebookShare on WhatsApp

KUALA LUMPUR – The poverty line will be revised after data from the Household Income, Expenditure and Basic Amenities Survey (HIES/BA) 2022 is analysed.

According to Datuk Seri Mustapa Mohamed, Minister in the Prime Minister’s Department (Economy), the survey is being carried out by the Department of Statistics Malaysia (DOSM).

During the Dewan Negara session on Aug 16, he stated that the purpose of the survey is to examine and provide data on household income and expenditure patterns as well as poverty statistics, particularly the poverty rates at the administrative district level, which is likely to be released in March of 2023.

Mustapa was responding to Senator Datuk Koh Nai Kwong who enquired about the government’s plan to recalculate the poverty line value following Malaysia’s transition into the endemic phase.

He explained that the survey was initiated around the beginning of the year and will be conducted over the year involving a total of 92,000 households that were selected.

“It will take into account income, expenditure, demand patterns, and prices of goods and services, as well as the impact of the rising cost of living,” he added.

He stated that the Prime Minister’s Department’s Implementation Coordination Unit (ICU) is also collecting poverty data through the eKasih system.

As at July 31 this year, over 136,923 households are categorised as extremely poor whereas 308,699 were classified as poor, he added.

Mustapa said that the ICU is collaborating with the district and state government offices to collect the data with data cleanup being implemented from time to time.

In 2019, the poverty line was raised to RM2,208 per month in stark comparison to RM980 per month that was in 2016.

For the extreme poor households, Mustapa said the household income stood at RM1,169 monthly in 2019 as well with the households at poverty rate at 5.6% and the extreme poor at 0.4% that year.

However, he explained the effects of COVID-19 bringing up the rates of absolute poverty and extreme poverty to 8.4% and 1.0% each in 2020.

Furthermore, the rate of Malaysia’s relative poverty rate in 2020 was 16.2%.

He elaborated that relative poverty is measured by the number of households earning less than 50% of the median monthly income of RM5,209.

Apart from that, the government is also measuring poverty with the Multidimensional Poverty Index (MPI) to include the other dimensions including health, education, living standards, and income, he added.

 

Join our Telegram group for the latest updates!

 

Read more: Number of bankrupt Malaysian youths on decline since 2020

Tags: Poverty Line (PGK)
ShareSendShareSendTweetShare
Previous Post

Thailand reinforces Kitchen of the World status with Healthier, Tastier Food of The Future

Next Post

New free cleaning experience, home appliance brand GWEICH will soon land in Southeast Asia

Related Posts

Loh Guat Lan, President of LIAM
Local Market News

Life Insurers Offer Relief Measures to Assist Flood Victims

08 Mar 2023
Bursa Malaysia
Current News

Bursa Malaysia enhances Islamic securities

10 Feb 2023
Corporate News

JCorp Officially Launches JLand Group (JLG) to Capture Opportunities in New Economy Real Estate

18 Jan 2023

Discussion about this post

MOST POPULAR

  • Startup World Cup 2023 Chengdu Regional was successfully held in Jingrong Town, Pidu District, Chengdu

    0 shares
    Share 0 Tweet 0
  • VUSE, PRINCIPAL PARTNER OF THE McLAREN FORMULA 1 TEAM, PARTNERS WITH A SAUDI FEMALE ARTIST TO LAUNCH ITS FIRST ARTIST RESIDENCY FOR UNDERREPRESENTED CREATIVES

    0 shares
    Share 0 Tweet 0
  • ASEAN Business Awards 2023 Registration Now Open: Showcasing Economic Progress in ASEAN

    0 shares
    Share 0 Tweet 0
  • Startup World Cup 2023 Chengdu Regional was successfully held in Jingrong Town, Pidu District, Chengdu

    0 shares
    Share 0 Tweet 0
  • LG JOINS RE100 INITIATIVE, COMMITTING TO TRANSITION TO RENEWABLE ENERGY

    0 shares
    Share 0 Tweet 0

MEMBERSHIP SUBSCRIPTION

Subscribe Now

Sign Up for Our Free Newsletters

Stay up-to-date with the latest personal wealth-related articles, breaking financial market news, and more.

Follow us on Social Media

News
Special Feature
Compass
Money Tube
Smart Lifestyle
Corporate Profile
Advertise
Subscriptions
Career
Contact Us
eLearning
Events
Privacy Policy
Terms of Use
Strategic Partners

Copyright © . Money Compass. All Rights Reserved.

Design and Development by Ant Internet Sdn Bhd

No Result
View All Result
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE

© 2020 Money Compass

Career

SUBSCRIBE FREE NEWSLETTER