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

India Urges Bangladesh to Act on Minority Attacks

MEA spokesperson Randhir Jaiswal urged the Yunus government to probe extremist attacks on minorities….reports Asian Lite News India on Friday criticised recent comments by Bangladesh’s Home Advisor Jahangir Alam Chowdhury, asserting that

Jaffar Express Targeted Yet Again

blast happened at a distance of one kilometre from the Sultan Kot railway station….reports Asian Lite News At least seven injured as blast hits Quetta-bound Jaffar Express in Sindh’s Shikarpur district. Shikarpur

India to Join G20 Energy Talks in South Africa

The meeting is being hosted under South Africa’s G20 Presidency in the country’s KwaZulu Natal province…reports Asian Lite News Union Power Minister Manohar Lal will represent India at the G20 Energy Transitions

One Year On, Where Is Bangladesh Headed?

Since taking charge as head of the interim government, Nobel Laureate Yunus Mohammed pledged reform — promising fair elections and transparent governance. A year on, those promises remain unfulfilled….writes Ashok Parameswar Did
Go toTop

Don't Miss

No clear winner in Malaysia elections

Of the major political coalitions contesting the 220 seats in

Razorpay launches first int’l payment gateway in Malaysia

The Razorpay release, citing unnamed reports, said digital trade in