Sharp, essential news and analysis from Malaysia.
Prime Minister Datuk Seri Anwar Ibrahim unveiled six major policy measures during the National Day address, targeting middle-income earners, youth and small business operators with fuel subsidies, AI training and increased funding.
Prime Minister Anwar Ibrahim disclosed that Malaysia is allocating up to RM50 billion annually in fuel subsidies to sustain RON95 petrol prices at RM1.99 despite climbing international oil markets, underscoring the significant fiscal burden on the government.
Malaysia's government projects fuel subsidies for RON95 petrol and diesel could total RM3.5 billion monthly if crude oil stays at US$90 per barrel, though officials say the country's fiscal position remains secure.
Prime Minister Anwar Ibrahim has defended Malaysia's fuel pricing strategy, asserting the government cannot reduce pump prices further given the RM40 billion annual subsidy expenditure already straining the national budget.
Prime Minister Anwar Ibrahim has defended Malaysia's fuel subsidies while cautioning against excessive borrowing, arguing the government must balance support for citizens with fiscal responsibility.
Malaysia's work-from-home policy for federal civil servants has saved 4.05 million litres of petrol and RM7.31 million in fuel subsidies since its April launch, benefiting nearly 75,000 government workers.