More Money = More Consumption?

The median monthly household income grew to RM5,228 in 2016 from RM4,585 in 2014 according to latest data by the statistics department. This is a growth of 6.6% per annum in terms of nominal value from 2014 to 2016. But does higher household income equal to higher consumption? 3:23 - We also talk about the Association of Banks in Malaysia refuting allegations on house buyers facing difficulty in get housing loans. 7:34 - Ikea is looking to do online sales on third-party sites 10:48 - While brick and mortar stores are looking to the digital space as shopping trends shift, Amazon is facing tough hurdles as it enters Southeast Asia via Singapore where brick and mortar stores are still thriving! Shopping in air-conditioned malls is still very much a favourite pastime in the Island city state.See omnystudio.com/listener for privacy information.