Tag: income inequality

  • Najib Warns Uneven Growth Could Fuel Extremism, Instability

    Najib Warns Uneven Growth Could Fuel Extremism, Instability

    Prime Minister Najib Razak on Friday warned that Southeast Asian countries needed to ensure their economic growth was inclusive, or risk marginalised populations turning to violent extremism or even overturning political systems.

    Speaking at an event for entrepreneurs during the Association of South East Asian Nations (Asean) summit in Manila, Najib said the region was posting strong growth that could see Asean become the world’s fourth-largest economy, but that growth needed to be equitable.

    “We do not want our citizens to be marginalised in the age of extremism and radicalisation,” he said.

    “We know that those who see no hope in their own societies are more prone to the siren calls of terrorists who can and will exploit their vulnerability and fill them with their lies.”

    Islamist extremism is expected to be high on the agenda during this week’s meetings, with fears for Indonesia, Malaysia and the Philippines about piracy and the rising threat of Islamic State.

    Of particular concern is the ease in which militants can acquire weapons, seek refuge with existing rebel groups and move between the many islands between the three countries.

    Najib lauded the success of Asean, which is celebrating its 50th anniversary this year, in expanding its collective GDP to about US$2.7 trillion now, from US$87 billion four decades ago.

    Asean has 10 members: Thailand, Myanmar, Laos, Cambodia, Vietnam, Singapore, Brunei, Malaysia, Indonesia and the Philippines.

    He warned that economic disparity was dangerous at a political level too, fuelling anger and populism that was causing problem in Western Europe.

    “The neglected underclass of those who felt left behind by economic growth, prosperity and globalisation can overturn elections and political systems,” he said.

    Economists frequently point out huge income gaps among the 620 million people of Southeast Asia, a region that has one of the world’s largest concentrations of billionaires, according to Forbes Magazine.

    Najib said awareness of Asean needed to be better promoted among its citizens to “make it feel real, relevant and tangible”. Trade integration was lagging, he said, with too many trade tariffs still in existence.

    Their removal, and harmonised customs standards, needed to be “vigorously pursued”, he said.

    Philippines Vice-President Leni Robredo echoed Najib’s call for leaders to pay more attention to their poor.

    “For many years, many thought income inequality was alright. But the voiceless and the powerless are now raring to be heard, and with technology and social media, their frustrations are being felt on a global scale,” she said in a speech.

    “They are rejecting globalisation, democracy, traditional media.”

     

    Rilek1Corner

    Source: http://www.freemalaysiatoday.com

  • 12,000 Households Receive Financial Help But 360,000 Still Live In Poverty?

    12,000 Households Receive Financial Help But 360,000 Still Live In Poverty?

    According to GOH LI SIAN, RESEARCH AND ADVOCACY COORDINATOR, AWARE’s letter ”Most govt reports do not deal with policies’ budgetary impact” (Today, May 21) – “While these (Government) reports provide some helpful information, they do not tend to address the impact of budgetary policies per se. The statistics referenced in most of these reports relate to the social phenomena within these ministries’ remit, such as the level of crime or number of workplace accidents, rather than the allocation of expenditure under specific initiatives and policies.

    ComCare – no applications’ statistics

    The ComCare Annual Report is a welcome exception, as it shows how much money is given out under the various ComCare schemes. However, these statistics could be more comprehensive, since figures on the number of applications received are not released.”

    My curiousity was aroused by the above, as the ComCare statistics did give the number of applications for financial assistance and the success rate in the past – which apparently has disappeared, according to AWARE’s above letter.

    As I had just wrote “1 million living in poverty?” – I looked at the ComCare statistics to see how many needy families actually received financial assistance.

    15,699 households received ComCare financial assistance

    According to Social Statistics 2014  – the number of families that received ComCare Short-to-Medium Term Assistance was 12,535 in 2013.

    The number that received ComCare long-term assistance was 3,164 (I understand that this figure has remained at around 3,000 for more than a decade!).

    So, the total number on Short-to-Medium Term and Long-term Assistance was 15,699 (12,535 + 3,164).

    But 107,490 households per capita income $494

    Even if we do not talk about the bottom second and third deciles of employed households or the 3.4 per cent of non-retiree households with no working persons and 7 per cent of retiree households which may fall below the ComCare criteria of $650 household per capita income – the bottom decile alone had about 107,490 employed households with per capita monthly income of only $494 (including employer CPF).

    Only 15% of bottom decile received ComCare financial assistance?

    So, does it mean that only about 15 per cent (15,699 ComCare financial assistance divided by 107,490 bottom decile households) actually received ComCare financial assistance?

    Only 4% of those in poverty received ComCare financial assistance?

    If we relate this to the 360,000 (30 per cent) households) estimated to be in poverty – does it mean that only about 4 per cent (15,699 divided by 360,000) received ComCare financial assistance?

    Short-term financial assistance less than $200?

    According to the ComCare Annual Report FY2013 – $31.36 million was disbursed to 17,182 households on short-term assistance in FY2013 – with only 6,867 households remaining (still on) assistance as at 31 March 2014.

    So, does it mean that the average monthly financial assistance per household was less than $200 ($31.36 million divided by 17,182 = $152)?

    Medium-term financial assistance less than $250?

    Similarly, $24.34 million was disbursed to 8,774 households on medium-term assistance – with only 5,520 households remaining as at 31 March  2014.

    So, does it mean that the average monthly medium-term financial assistance was less than $250 ($24.34 million divided by 8,774 = $231)?

    Please tell us more

    Why can’t the ComCare annual report just disclose the average amount of monthly financial assistance per household?

    Win battles lose war

    Source: www.allsingaporestuff.com