Author name: insap

Beyond the Red Packet: The Price of Celebrating Chinese New Year in Malaysia

As Malaysia prepares for the joyous celebration of Chinese New Year, a shadow of rising costs threatens to dampen the festive spirit. From soaring food prices due to global disruptions and local factors, to increased transportation costs and anticipated tax and utility hikes, Malaysians face a squeeze on their wallets. These pressures, on top of existing burdens like high housing costs and healthcare expenses, force difficult choices between celebrating traditions and meeting essential needs. However, the cultural significance of the holiday as a driver of economic activity through consumer spending remains crucial. Recognizing the delicate balance, Malaysians are likely to adopt a more cautious approach, prioritizing essentials and seeking creative, cost-effective ways to celebrate, such as potluck gatherings and homemade meals. While economic anxieties are present, the spirit of resilience and resourcefulness promises to ensure that the true essence of togetherness and joy remains at the heart of Chinese New Year celebrations.

AGONG BAHARU – PEMIMPIN WIBAWA BERJIWA JELATA

Majlis Raja-Raja dalam mesyuaratnya ke-263 pada 27 Oktober 2023 telah bersetuju mengisytiharkan, Sultan lbrahim Ibni Almarhum Sultan Iskandar, Sultan Johor untuk dipilih sebagai Kebawah Duli Yang Maha Mulia Seri Paduka Baginda Yang di-Pertuan Agong, selama tempoh lima tahun mulai 31 Januari 2024 – lantas menjadikan Baginda sebagai YDPA ke-17 dalam sejarah sistem pemerintahan bergilir yang unik di Malaysia dan buat julung kalinya juga, Baginda memegang jawatan tersebut selepas 34 tahun pemerintahan ayahandanya, Almarhum Sultan Iskandar Ibni Almarhum Sultan Ismail, YDPA ke-8 pada 1984.
Khabar pelantikan Baginda sebagai YDPA yang baharu ternyata diterima dalam pelbagai nada dan nuansa dalam kalangan jelata. Rata-ratanya melihat kehadiran sosok Sultan Ibrahim di peringkat pusat ini bakal menganjak dinamika hubungan antara istana dan Kerajaan Persekutuan ke satu lembaran yang lebih menarik untuk diperhatikan.

SMEs prefer GST over SST, says think tank

Insap said it was of the view that the SST and proposed new taxes such as the Low-Value Goods (LVG) and High-Value Goods (HVG) taxes, introduced in January 2024 and from March 1, respectively, disproportionately impact vulnerable groups.

“The priority is to address the people’s burden in having to face a downturn in the global economy,” Insap chairman Datuk Dr Pamela Yong said.

Malaysia’s Teaching System in a Meaningless Vacuum

By Mohd Khairul Ramli The 2022 PISA results are a stark reminder that education, already facing challenges, has been dealt a devastating blow. Across the board, scores in reading, math, and science have declined, painting a picture not just of learning loss, but of a systemic malaise demanding immediate and critical attention. While the pandemic …

Malaysia’s Teaching System in a Meaningless Vacuum Read More »

INSAP ECONOMIC REPORT: Malaysia’s Economic Outlook in a Changing Economic Landscape for 2024

The global economic landscape is fraught with uncertainties and challenges, with the dynamics between the United States and China playing a pivotal role. This report delves into the economic outlook of these two powerhouses and their impacts on the world while scrutinizing Malaysia’s economic development and business forecast for 2024. In the United States, fluctuations in inflation and interest rates are under scrutiny, alongside predictions of macroeconomic statistics. Meanwhile, China’s economic trajectory is examined, providing insights into its recovery and prospects.
Shifting our focus to Malaysia, the report explores the patterns of economic growth and the critical domestic drivers influencing its economic landscape. Factors such as the Overnight Policy Rate, international reserves, exchange rates, property markets, and financial stability are analysed to provide a comprehensive understanding of the nation’s economic health. The report extends its gaze to 2024, outlining Malaysia’s economic outlook through expenditure components. Final consumption expenditure, gross fixed capital formation, and the dynamics of exports and imports are dissected to project the nation’s economic trajectory. However, looming concerns cast shadows on Malaysia’s economic horizon. Anticipated economic slowdown, persistent financial headwinds, the impact of taxes on inflation, and the development of artificial intelligence pose challenges. Moreover, geopolitical factors such as the reshaping of diplomacy in presidential elections and rising tensions between China and Taiwan create an environment of uncertainty.
In conclusion, this report serves as a guide, navigating the intricate web of global economic dynamics, dissecting key trends, and providing insights into potential challenges and opportunities that lie ahead for Malaysia in 2024. The interconnectedness of nations and the delicate balance of economic forces underscore the need for strategic foresight and adaptability in the face of a rapidly evolving global landscape.

Hopes and Hard Realities: Singapore-Malaysia Leaders’ Retreat

The recent Malaysia-Singapore Leaders’ Retreat, held on January 9th, 2024, offered a comprehensive glimpse into the intricate dynamics and evolving relationship between the two neighbouring nations. While headlines often focus on the spiky issues of water rights, immigration, and jostling for economic primacy, the retreat offered a glimpse into a broader cooperation, concerns, and the ever-present challenge of finding common ground.

This year’s meeting was particularly significant, occurring against the backdrop of political shifts in both countries. The recent Malaysian elections ushered Anwar Ibrahim into power, sparking expectations of a fresh chapter in bilateral ties. Meanwhile, Singapore grappled with internal uncertainties, questioning the long-held dominance of the People’s Action Party (PAP). The fluidity in leadership presented both challenges and opportunities, setting the tone for discussions on a myriad of issues.

DPP Banteng Muda Indonesia Visits MCA HQ: “Living the Rukun Negara Like the Pancasila”

19 January 2024 PRESS RELEASE : Institute of Strategic Analysis and Policy Research (INSAP) DPP Banteng Muda Indonesia Visits MCA HQ: “Living the Rukun Negara Like the Pancasila” Today, the Institute of Strategic Analysis and Policy Research (INSAP) kicks off 2024 with its first international engagement for the year by inviting the youth wing of …

DPP Banteng Muda Indonesia Visits MCA HQ: “Living the Rukun Negara Like the Pancasila” Read More »

YOUTH UNDER-EMPLOYMENT IN MALAYSIA: Factors and its implications on Malaysia’s growth and future

The youth underemployment1 situation in Malaysia has yet to garner the needed attention despite its concerning numbers. In 2021, there were 4.57 million employed graduates, where 2.9% were time-related underemployed2 while 33.9% were skill-related-underemployed3. Overall, the proportion of underemployed youth (% of total graduate workforce) has remained largely unchanged from 2017 to 2023 while nominal numbers show an uptrend, showing a need for reassessment of intervention strategies.
With underemployment among youth comes various other challenges, including a relatively low average salary for graduates. In fact, 28.7% of graduate placements in 2022 began with monthly earnings below RM1,999. Couple this with the lack of high-skilled job creation (only 12% of jobs created per annum from 2010 to 2019), there is little room for these graduates to experience both career and wage advancements. Additionally, the market of medium to low skill jobs become more concentrated as higher skilled graduates are pushed into these sectors, competing with lower skilled graduates hence further pressure to push down real wages.
What are the consequences of a delayed action to deal with this?

MOTAC’s Inaction on Malaysia Tourism

Malaysia’s 30-day visa-free policy for Chinese tourists has seen an increase in arrivals, but attracting and engaging this large market requires more than just an open door. Industry players need to understand Chinese travellers’ preferences and tailor experiences accordingly, considering cultural nuances and preferred digital platforms. Additionally, sustainable practices like eco-friendly tourism and community engagement can ensure that both tourists and locals benefit from the increased tourism activity.

Scroll to Top