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Friday, February 17, 2012

So you thought it was safe to breathe easy a bit

That's right. I'm fucked!!!

Ladies and gents, as you ponder over a) the consequences of having to pay extra for national health care and b) whether the ministry has told you everything you need to know to make up your mind about its intentions and c) whether you will survive long enough on your present salary vs. today's cost of living to get sick and require health care. Here is something that you might be interested to read. Enjoy. Although I doubt it.  Hee hee hee...

Kuala Lumpur, Feb 17 ---- Kuala Lumpur rose another twelve spots in the Economist Intelligence Unit's (EIU) ranking of the world's most expensive cities, reaching 74th in February from 86th in June last year. This comes as mounting concerns over stubbornly high inflation and stagnant wages pose a potential challenge for the Najib administration which has to call for general elections before March next year.

Data made available by the EIU to The Malaysian Insider show that KL's cost of living index rose from 67th in June, 2009, which was just after Datuk Seri Najib Razak took over as prime minister, to 83rd this month, a jump of 16 points or 23 per cent.

This means KL is now 83 per cent as expensive as New York although its salaries are nowhere near as high as those in the global financial capital.

The EIU takes into account more than 160 items, from food, toiletries and clothing to domestic help, transport and utility bills, in 140 cities worldwide to formulate its index, which uses New York City as a benchmark.

Analysts have said that the cost of living will be one of the biggest issues in the next election.

In the run-up to the 2008 polls, a spike in fuel prices and toll rates had contributed to a backlash against the Abdullah administration and helped earn the ruling Barisan Nasional (BN) coalition the informal moniker of "Barang Naik" (Malay for "Price Increase").

The cost of living was also a key election in last year's Singapore general election in which the ruling People's Action Party (PAP) won in the narrowest vote-margin since the island republic's independence.

While the Consumer Price Index, which is taken to be the official rate of inflation, was 3.2 per cent last year, many urbanites feel that the figures do not reflect the real rise in cost of living and that wages have not kept pace.

Price increases, especially for property and food, also tend to be higher in urban areas where BN tends to be weakest.
The Najijb administration faces a difficult dilemma as it has pledged financial reforms such as subsidy cuts to help reduce the budget deficit and eliminate market distortions, but aggressive reductions in subsidy could further increase the cost of living.  It introduced a one-off cash grant for low income households in this year's budget but such schemes are not seen to be sustainable.

Zurich was ranked as the world's most expensive city, about 70 per cent more expensive than New York, followed by Tokyo and Oslo.

The online version of the EIU report is available HERE.



Anonymous said...

This is actually umno's clever plan of first making M'sia a country with high living cost, so that the rakyat will be more motivated to make M'sia a high income nation!

Anyway, Loktor Rosie Marcos doesn't agree with the ranking - she doesn't feel things are expensive at all.

- Jib Gor Gor

Anonymous said...



Anonymous said...

Dear Patrick

Going up-mah!!!! Naik Lagi!! The world is paying attention to Malaysia!! Becoming (in)famous mah!!

Soon we will be earning millions per month. Maybe in the near future be earning trillions.

Zimbabewi is printing multi-trillion dollar notes. Malaysia going to follow too. Malaysia Bolih.


GuaBohSong said...

our government had no more money for subsidy and healthcare, but they had money to get APCO send out spam email for them.

Already got 2 of such spam email this week.


Tiger said...

Anyone can answer me this question?
Basic salary RM3k, living in KL.
Can afford to buy house or not?

Anonymous said...

Hair cut now cost rm 12 now.
Up by 20%. Same hair,same cut ,same india import barber, WHY 20% increase. Is it another 1mal scam.

Jessie Ooi said...

Parking is free anywhere and anytime in Selayang!

Anonymous said...



Anonymous said...

Hi Patrick, we are waiting for you to write some funny comment on the MCA and DAP funny debate show last Sat...please share your thought and give us a big laugh .....thanks

Anonymous said...


While the rakyat gets screwed, the rich are getting richer....witness the property prices now all being jacked up by the powerful developers like See Hoy Chan, YTL, Dijaya, Sunway....

Soon our descendants will have to pay over 40 years for a property....they and their children. Keep mortgaging our future.

Don Corleone