The mismatch between wages and cost of living has been a longstanding issue and it surely has no one-size-fits-all solution but we need to start somewhere at some point.
By creating new market demand and accelerating innovation capability in the private sector, Malaysia could move towards a first-mover economy, low-carbon economy and inclusive society soon.
Since Malaysian society on the whole observes filial piety, matching grant could be given to parents whose children top-up their parents’ EPF saving or vice versa.
Sustained support to the Ringgit could only be seen in the longer term should there be fundamental changes in the structure of Malaysia's balance of payments and internal stability.
It is undeniable that one’s right towards his/her hard-earned savings shouldn't be denied but a balanced approach is required given that the future remains uncertain.