Big Mac Index is one of those age old modern gauge to describe how world affordability is divided.
Obviously as an index, the reference is set on a particular country. With the one published on economist, it has been set to be reference against United States. So where do Malaysia sit in the whole scheme of things?
Not bad I must say. We are very much cheaper than a lot of places in ASEAN. In fact, in the world we are considered damn cheap. Though honestly, looking at the Mcdonald’s prices in Malaysia – I must say the price is kind of expensive!
mention that McDonald’s Malaysia is run by Vincent Tan, but fact of the matter, the local franchise has been bought over by Mcdonald’s Corporation in 2006 as per the following article
He said Golden Arches is now wholly owned by McDonald’s Corporation of USA following an agreement in February that allowed the parent company to buy the remaining interests from the local partners.
Golden Arches was granted the exclusive licence to run McDonald’s restaurants in Malaysia in 1982 and the local partners were Tan Sri Vincent Tan and Mohamed Shah Abdul Kadir, with 26% and 25% stakes, respectively.