KUALA LUMPUR, May 2 -- Night markets, commonly known as pasar malam, have emerged as both a cultural institution and an economic lifeline in Malaysia, particularly during times of crisis, a recent Khazanah Research Institute (KRI) publication has found.

According to KRI's latest discussion paper titled "Why Night Markets Matter?", they have been found to be an essential lifeline during economic downturns, where hawking is perceived as a primary source of income for those lacking the skills and training to compete in the formal job market.

"Night markets offer employment opportunities to individuals who have been laid off and provide a platform for those seeking to transition into business or self-employment to sustain their livelihoods....