Jacob Lee, Deputy Chairman of INSAP
The Institute of Strategic Analysis and Policy Research (INSAP) had conducted a series of face-to-face interviews in selected constituencies in Selangor and Negeri Sembilan in May and June 2023.
Based on the insights gathered from 292 respondents in these states, INSAP found that nearly all participants expressed frustration regarding the state of the economy, the escalating cost of living, rising credit expenses, and the declining purchasing power. Business owners also highlighted a decline in retail transactions and footfall, raising concerns about their ability to make enough money to service loans and pay employee wages in the coming months.
Despite widespread concerns about the state of the economy, the recent INSAP survey indicates that a significant majority of over 59% of respondents are satisfied with Prime Minister Anwar Ibrahim’s administration and his capable in management of the nation and economy. However, in contrast, satisfaction levels among Malay respondents are lower, with only 35% expressing contentment with Prime Minister Anwar Ibrahim’s governance and economic management, while 40% express dissatisfaction.
Insufficient government involvement in current mainstream issues sch as cost of living, has exacerbated the adverse impact on the economy. Prime Minister Anwar Ibrahim’s government may be relying on the possibility of the Malaysian public’s continued forgiveness as they work towards eradicating corruption, restructuring subsidies and government spending, and charting a new economic direction. However, the growing frustration among the populace is evident as more individuals highlight the negative impact of rising commodity prices, recent interest rate hikes, and a lack of clear guidance on resolving the fundamental issues faced by ordinary citizens.
How long affected groups will remain patient and forgiving towards the new administration if delays persist?
INSAP Deputy Chairman, Jacob Lee commented that the current government must take note that Malaysians are increasingly frustrated and losing hope of the promised positive economic revival which was previous advocated during the last general election campaign. It is time for the Unity Government to act and take urgent steps to address the Rakyat’s concerns.
