M'sia has worst income disparity in SEA, gov't flayed

Feb 2, 05 5:42pm

Malaysia has the distinction of being the country with the worst income
disparity in Southeast Asia, according to a United Nations report.

The latest United Nations Human Development Report 2004 shows the richest 10
percent in Malaysia earning 22 times more than the poorest 10 percent,
resulting in the country having one of the worst income disparity in Asia.

According to the report, the richest 10 percent in Malaysia controls 38.4
percent of the country's economic income as compared to the poorest 10
percent controlling 1.7 percent.

Economic income is generally defined as the income derived by an individual
or family, and it includes gross wages as well as any appreciation or
depreciation of one's net assets.

Malaysia's top 10 percent of the population is 22.1 times richer than the
poorest 10 percent. The country's income gap is higher than Singapore (17.7
times), the Philippines (16.5), Thailand (13.4), Vietnam (8.4) and Indonesia
(7.8).

The gap between rich and poor

Country..............Poorest 10%..............Richest 10%...............Disparity Ratio

Malaysia....................1.7...............................38.4..............................22.1
Singapore..................1.9...............................32.8..............................17.7
Philippines................2.2...............................36.3..............................16.5
Thailand....................2.5...............................33.8..............................13.4
Vietnam....................3.6...............................29.9................................8.4
Indonesia..................3.6...............................28.5................................7.8

Source: UN

moga allah menyelamatkan malaysia... ammin....