B40, M40 labels no longer relevant, says economist

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As the country struggles with the Covid-19 pandemic, economist Prof Barjoyai Bardai said the government should not be using income classifications such as B40 and M40 (bottom 40 percent and middle 40 percent of income earners).“As I said earlier, like B40, M40 is no longer relevant now.“It should be based on each person’s take-home income. Only then can we determine who is worthy of receiving aid,” he said when contacted by Malaysiakini.Commenting on the Permerkasa Plus announcement by Prime Minister Muhyiddin Yassin on Monday (May 31), Barjoyai - who teaches at Universiti Tun Abdul Razak - said aid granted to the B40 group should be extended to the M40.Although he believed giving out cash aid to those who have not lost their jobs would be difficult to execute, he believed it is not impossible to give some flexibility in the form of loan moratoriums.For example, Berjoyai sugge…