What Measures Did Malaysian PM Announce to Combat High Living Costs?
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Synopsis
Kuala Lumpur, July 23 (NationPress) Malaysian Prime Minister Anwar Ibrahim unveiled significant measures aimed at easing the financial burden on citizens struggling with high living costs. From cash payments to fuel subsidies, these initiatives target urgent economic challenges faced by the nation.
Key Takeaways
- One-time cash aid of 100 ringgit for Malaysians.
- Postponement of toll hikes on 10 highways.
- RON95 petrol price reduction through subsidies in September.
- Current inflation rate at 1.1%, lowest in 52 months.
- Call for reform of international institutions.
Kuala Lumpur, July 23 (NationPress) The Prime Minister of Malaysia, Anwar Ibrahim, revealed on Wednesday various initiatives aimed at alleviating the financial strain faced by Malaysians due to the high cost of living.
One of the key initiatives includes a one-time cash assistance of 100 ringgit (approximately 23.6 US dollars) for each Malaysian citizen. Additionally, there will be a postponement of toll rate hikes on 10 major highways, allowing the public to maintain current payment rates. Furthermore, a subsidy scheme will lower the price of RON95-grade petrol starting in September, as communicated by Anwar during a televised address, according to reports from Xinhua News Agency.
Anwar emphasized that the cost of living remains a critical issue that requires immediate and thoughtful intervention.
He noted that while general inflation fell to 1.1 percent in June 2025, marking the lowest rate in 52 months, the prices of food and beverages continue to exceed the national average.
Earlier this month, Prime Minister Anwar Ibrahim remarked that the BRICS coalition has emerged as a significant and principled influence, offering a chance to establish a more equitable international order.
He advocated for the reform of legacy international institutions to better mirror the evolving global landscape and address the aspirations of developing nations.
"There is a need for a substantial overhaul of global entities such as the United Nations, International Monetary Fund, World Bank, and World Trade Organization to adapt to contemporary realities and the requirements of developing countries, rather than adhering to outdated post-World War II frameworks," Anwar stated.
During his participation in the 17th BRICS Summit in Brazil, Anwar stressed the necessity for the coalition to enhance economic collaboration among its member nations and with regional organizations like the Association of Southeast Asian Nations (ASEAN).
"Members of BRICS and ASEAN should continue to bolster strategic partnerships, including improving cross-regional trade and investment for the collective advantage of developing countries," he remarked.
Point of View
It's imperative to recognize the government's proactive stance in addressing the high cost of living. The measures proposed by Prime Minister Anwar Ibrahim highlight a commitment to mitigating economic pressures on citizens, reflecting an understanding of current challenges. However, sustained efforts and strategic reforms are essential to ensure long-term relief and stability for all Malaysians.
NationPress
23/07/2025
Frequently Asked Questions
What cash assistance will Malaysians receive?
Malaysians will receive a one-time cash payment of 100 ringgit, which is approximately 23.6 US dollars.
What will happen to toll rates on highways?
The government will defer toll rate increases on 10 highways to help maintain current payment rates for the public.
When will petrol prices be reduced?
The price of RON95-grade petrol will be lowered through a subsidy scheme starting in September.
What is the current inflation rate in Malaysia?
As of June 2025, the inflation rate dropped to 1.1 percent, the lowest in 52 months.
What is Prime Minister Anwar's view on international organizations?
Anwar believes that legacy international organizations need reform to better address the needs and aspirations of developing countries.
