Malaysia PM announces cash aid, fuel price cut to address rising living costs
MALAYSIA, JUL 23 – The relief package includes RM100 cash aid for 22 million adults and a fuel subsidy lowering RON95 petrol price to RM1.99 per litre for 18 million motorists, government says.
- Malaysia's Prime Minister Anwar announced a one-time cash aid of $24 for all citizens aged 18 and above to address rising living costs.
- Anwar also announced a reduction in fuel prices for RON95 petrol to RM1.99 per liter for Malaysians, while foreign nationals will pay unsubsidized market prices.
- The government plans to restructure the RON95 petrol subsidy and remove blanket subsidies for the top 15% income group before September, despite concerns from the middle class.
37 Articles
37 Articles
Malaysia PM announces cash aid, fuel price cut to address rising living costs
Malaysia's Prime Minister Anwar Ibrahim announced new measures on Wednesday to address growing public disquiet about the rising cost of living, including a cash handout for all adult citizens and a promise to lower fuel prices.
Malaysia unveils fuel price cut and cash aid in stimulus package.
Malaysian Prime Minister Anwar Ibrahim announces cheaper RON95 fuel, RM100 grocery aid, and toll freeze as part of a stimulus package aimed at easing living costs and boosting public support. Read more at straitstimes.com.
(Hanoi = Yonhap News) Correspondent Park Jin-hyung = While Singapore began distributing consumption coupons to all citizens to stimulate domestic demand, Malaysia is also introducing cash vouchers for its citizens...
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