Malaysian Prime Minister Anwar Ibrahim announced measures to alleviate the cost of living, including a 100 ringgit cash handout for adult citizens, benefiting 22 million people. Petrol prices will be reduced from 2.05 ringgit to 1.99 ringgit per liter, while planned toll rate hikes on 10 highways will be frozen. An additional public holiday will be added on September 15 to coincide with Malaysia Day. The measures aim to support low and middle-income households and are part of broader government efforts to stimulate economic growth amid a predicted slowdown.
Anwar Ibrahim announced a package of measures aimed at easing the cost of living, including a 100 ringgit ($24) cash handout for all adult citizens.
The government would also reduce the price of subsidised petrol from 2.05 ringgit to 1.99 ringgit per liter for citizens.
An extra public holiday will be scheduled for 15 September this year to coincide with Malaysia Day, marking a significant federation.
The measures align with government efforts to support growth, which is forecast to slow from 4.4 percent to 3.5 percent later in 2025.
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