The introduction of good and services tax (GST) that has replaced the sales and services tax (SST) had contributed to the rising cost of living in Malaysia. The focus of this research was to present a data article on the response and perception of Malaysian households about the increasing cost of living. A descriptive research design was adopted in this study. Data were obtained from randomly selected 751 respondents of households across Malaysia. The data were collected through a structured questionnaire. Data analysis was carried out using tables and percentages. The findings show the negative perceptions of Malaysian households on the increase in the cost of living. There are various causes of the rising cost of living and can be inferred based on the perspective of income changes, price changes and patterns household consumption expenditure.
This study offers new insights for policymakers to reduce income inequality, thus ensuring economic growth which greatly benefits the poor segment of population and directing financial sector to provide easy access to financial resources for lower income group at cheaper cost. Bound test was applied to examine the long-run and short-run relationships based on the sample period beginning from 1970 until 2016. The results confirmed the existence of a long-run relationship between the variables. Financial development in Malaysia, Indonesia and Thailand had successfully reduced income inequality, however, a different effect was recorded in the Philippines where income distribution was worsened. Furthermore, economic growth brought positive effect to income distribution in Malaysia and Indonesia, but not for Thailand and the Philippines. Inflation, trade openness and foreign direct investment, provided mixed results for all countries. Among the policies recommendation for this paper are there should be more easy accessibility for entrepreneurs to reach the wide range of financial services including conventional and Islamic financial products, the expansion of capital market, as well as giving proper attention to the financial sector. Besides, granting the access to capital markets for low income groups or underprivileged individuals might be helpful to them either by developing entrepreneurial skill or involvement in productive activities and receive better salaries. This policy will give insight to the policymakers to strengthen their financial institutions, especially during the pandemic of Covid-19 .
A study on the effects of earnings management practices on bank cost efficiency, using banking data in five ASEAN countries, was conducted in 1989-2015. The Stochastic Frontier Analysis technique employed to gauge cost efficiency revealed that each country has different efficiency level. With panel data analysis, we further discovered that increase in earnings management practices reduces bank's efficiency significantly. It is suggested that banking supervisors and managers should formulate strategies that focus on cost efficiency-related initiatives and regulate earnings management practices. Such strategies could potentially facilitate the economic integration of ASEAN countries.
This data article presents the impact of parents' socioeconomic status on undergraduate students’ academic achievements at a Malaysian higher education institution. The eastern parts of Peninsular Malaysia are populated by low-income citizens compared to the national average. The survey was conducted in Universiti Malaysia Terengganu. The targeted population is final year social science students. The total size of the target population is 965 students. Using Krejcie and Morgan's sampling method, a sample size of 333 students was surveyed. A descriptive research design was adopted in this study. Data were obtained from stratified random sampling comprising a total of 333 respondents in Universiti Malaysia Terengganu from 14 states across Malaysia. The data were collected through a semi-structured questionnaire. Data analysis was carried out using tables and figures. The findings revealed that most of the students stated that a parent's socioeconomic status does not influence their academic achievement.
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