Who Are Malaysia’s New Poor The COVID19 Recession

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With rising unemployment, about 5 to 8 per cent more Malaysians could below its new poverty line income, which stands at RM2,208, as a result of the pandemic and the global recession it has triggered. That's as many as 2.4 million more who could become the 'new poor'. • Some who have found themselves suddenly without a job or reduced income stream have found different ways to cope - from adjusting their perspectives, to relying on the charity of others, like Kechara Soup Kitchen in KL. • The Malaysian government also has been giving cash handouts to struggling low-income households, as part of four economic stimulus packages totalling some US$75 billion to support businesses and households. But for some like the NAK Hotel in Sandakan, Sabah - a state that relies heavily on tourism - it's not enough. The hotel, which employed many staff from the B40 (bottom 40 per cent), has had to shut its doors. • WATCH the full #Insight episode: • COVID-19 In Malaysia: Can The New Poo... • For more, SUBSCRIBE to CNA INSIDER! • https://cna.asia/insideryoutubesub • Follow CNA INSIDER on: • Instagram: / cnainsider • Facebook: / cnainsider • Website: https://cna.asia/cnainsider

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