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In 2022, the Household Income Survey undertaken by the government indicated that there were 7.9 million households in Malaysia, with an average of 3.8 members in each household. The average household income of Malaysia increased by 69.6% to RM8,479 a month, compared to RM5,000 in 2012.
The following table is the list of the GDP of Malaysian states released by the Department of Statistics Malaysia. [7] [8] Data for 2023 estimates (US$ 1 = MYR 4.56 at 2023 average market exchange rate, [9] international $ (I$) using 2023 PPP conversion factor from World Bank (I$ 1 = MYR1.43) [10])
All gaming premises and lottery shops in Kedah ceased operations and were closed following the decision of the state government not to renew their licenses that expired on 31 December 2022. [1] Juhar Mahiruddin was officially reappointed and sworn in as the Yang di-Pertua Negeri of Sabah for his fourth term from 1 January 2023 to 31 December ...
In Malaysia, federal budgets are presented annually by the Government of Malaysia to identify proposed government revenues and spending and forecast economic conditions for the upcoming year, and its fiscal policy for the forward years. The federal budget includes the government's estimates of revenue and spending and may outline new policy ...
The UNHDP Report shows that the richest 10% in Malaysia control 38.4% of the economic income as compared to the poorest 10% who control only 1.7%. However, according to official statistics from the Prime Minister's Department , inequality has been decreasing steadily since 1970, with the Gini coefficient dropping to an all-time low of 0.40 in 2014.
Under their guidelines, a family of four is considered impoverished if they earn $30,000 or less per year. In January 2023, the HHS took the 2021 Census Bureau’s poverty thresholds and adjusted ...
February 2 – The Pardons Board grants a partial pardon to former Prime Minister Najib Razak who had been jailed in Kajang Prison since 23 August 2022, halving the length of his jail term from 12 to six years and reducing the amount of fine from RM 210,000,000 to RM 50,000,000. Following the pardon, Najib is expected to be released from the ...
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