Asia School of Business

Global Inquiry, Local Heart

The Failure of the “T20” Label

Melati Nungsari (Opinion Piece)

There is a huge gap between a dual-income corporate couple scraping by in the Klang Valley and ultra-high-net-worth households, yet policymakers stubbornly lump them together. This structural blind spot came to a head when surging fuel subsidies heavily burdened government coffers, and the political solution seemed simple: strip subsidies from the T20. Dr. Melati Nungsari of the Asia School of Business and Timothy Tiah of Colony join Enterprise Explores to discuss why treating the T20 like a group of “1 percenters” is a mistake for the economy.