580k households slip into B40, absolute poverty rate rises to 8.4pct - PM

PARLIAMENT | A total of 580,000 households from the middle-income group have slipped into the bottom 40 percent (B40) category due to the economic fallout caused by the Covid-19 pandemic, Prime Minister Ismail Sabri Yaakob said.

This represents approximately 20 percent of the middle 40 percent (M40) group, which initially received a monthly income of between RM4,850 and RM10,959, he said...