KUALA LUMPUR: Malaysian Institute of Economic Research (MIER) has revised upward the country's gross domestic product (GDP) to 5.4 per cent from 4.8 per cent previously, this year. On the upcoming budget wishlish, Zakariah believes the government would address the issue of cost of living with the possibility of increasing the household income. "We expect through reduction in income and corporate taxes would help to increase the household income," he said. Zakariah added it is important to increase workers salary to address the problem of low household income. On another note, MIER indicated the crude oil prices is expected to trade at US$55 per barrel this year and US$60 per barrel in 2018.

Source: New Strait Times October 19, 2017 06:22 UTC