PSM has urged Asean leaders gathering in Kuala Lumpur for an upcoming summit to rethink the region’s economic models, proposing coordinated reforms on wages, corporate tax, and climate action to address deepening inequality.

PSM chairperson Dr Jeyakumar Devaraj highlighted that while Asean countries have witnessed significant economic growth in the past 50 years, the majority of people in the bottom 80 percent of the population in the region are burdened with debt and mired in economic problems.