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Is Covid-19 terminal for the rising middle classes of Malaysia and Indonesia?

Before Covid-19 hammered the Malaysian economy, Kuala Lumpur native Jeremy Johnson made 7,000 ringgit (US$1,670) a month as the general manager of a coffee company, and even had a car as part of his work benefits.His family of six were firmly entrenched in the middle class: what Malaysia calls the M40 – for the 40 per cent of households considered “middle income” – defined as those earning 4,850 ringgit to 10,959 ringgit a month.But movement restrictions forcing people to work from home and…

Read the original article at South China Morning Post

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