November 27, 2022
1 min read

Cost of living: Malaysian PM eyes targeted subsidies

Anwar said while he is not against the use of subsidies, they had to be implemented effectively to assist those who are most in need of them…reports Asian Lite News

Malaysian Prime Minister Anwar Ibrahim announced on Sunday that his government will review its use of subsidies to better help those most in need.

The previous approach of broad subsidies has not been able to effectively address the cost of living problems, especially among low-income and poor Malaysians, he told a press conference after chairing a special meeting by the national action council on the cost of living with government departments and agencies.

“I will give two weeks (to the relevant bodies) to evaluate all the implications of targeted subsidies and discuss with the private sector as well as investors, so that all involved will understand that the purpose of subsidies is to ease the burden of the poor,” he said.

Anwar said while he is not against the use of subsidies, they had to be implemented effectively to assist those who are most in need of them, Xinhua News Agency reported.

On a separate matter, Anwar said he will not continue the past practice of using ministerial appointments to reward political supporters but will instead ensure a smaller cabinet made up of well-qualified people who will be able to effectively implement his policies.

“I want ministers who will support me based on my policies and are also committed to good governance, anti-corruption, and economic recovery,” he said.

Anwar was sworn in on November 24 and has yet to form his cabinet, with discussions going on between his Pakatan Harapan coalition and various other political blocs that make up his unity government.

ALSO READ: New Malaysian PM sets priorities, cost of living tops list

Previous Story

IPL 2022 final enters Guinness World Record

Next Story

Tehran bars Iranian filmmaker from attending India film festival

Latest from -Top News

Bangladesh dengue death toll hits 245 in 2025

Presently, 977 patients are undergoing treatment in Dhaka, while 2,793 are undergoing treatment at various hospitals in Bangladesh…reports Asian Lite News One person died due to dengue in Bangladesh in the 24

Torkham remains closed for seventh day

Afghanistan and Pakistan have agreed to an immediate ceasefire following more than a week of intense fighting …reports Asian Lite News Amid escalating tensions between Pakistan and Afghanistan, the Torkham border crossing

India expands naval reach amid Indo-Pacific tensions

India’s renewed naval diplomacy coincides with heightened activity by external powers in its strategic maritime neighbourhood….reports Asian Lite News Amid growing tensions in the Indian Ocean and evolving power dynamics across the

Beijing Targets Hong Kong Democracy

Latest annual UN report highlighted the growing and sophisticated trend of cross-border repression targeting human rights activists…reports Asian Lite News The United Nations, in its latest report on reprisals, revealed that two
Go toTop

Don't Miss

Reformist Anwar Ibrahim seals coalition for the uphill task

Even while he faces critical challenges in maintaining his unstable

Malaysia rules out total shutdown

Malaysia has seen a spike in fresh Covid-9 infections over