Economist and UKM Research Fellow Muhammed Abdul Khalid says that Malaysia’s social protection needs a serious upgrade.
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00:00 We must have a social protection that covers everyone and all the stake.
00:06 Now in terms of labour for instance, Singapore about 99% of workers in Singapore are protected.
00:12 Contributed and protected. In Malaysia only 60% contributed.
00:17 Because if you are in the informal sector, it's not compulsory.
00:21 The government encourage, this is wrong.
00:25 Every worker, regardless of either informal sector, informal sector, machikya or you,
00:32 or business owner, citizen or non-citizen must contribute.
00:37 It's very important, social protection.
00:42 And the social protection must follow life cycle.
00:45 From birth, the first two years will be not short, unemployment insurance,
00:50 and when they retire, how do we increase? One question how do we increase? We cannot increase.
00:55 Only two ways. You increase contribution rate, which many Malaysians cannot afford,
01:01 or you increase wages, which you guys oppose.
01:07 This problem should not be created in the first place.
01:10 The former Minister of Finance, Zafrul Hamidin, I won't say it,
01:16 he should be punished for this silly decision.
01:20 He made a lot of people poor.
01:23 So social protection must be holistic, and it should be like a bounce in a circus.
01:29 It's not captured, but it bounce back.
01:33 And one resolution since media is here, and one resolution that you should put in your memorandum,
01:38 no more pension for MPs or Ministers.
01:43 They are self-owned, but here they get pension for them.
01:46 No. Every single of them, MPs, adults or Ministers should be on it.
01:53 So they receive more as justice.
01:56 [BLANK_AUDIO]