Malaysia’s Anwar announces cash handouts in bid to ease living costs
Summary
Malaysia's Prime Minister, Anwar Ibrahim, has announced a set of measures to help ease the cost of living. This includes giving a cash handout to adults, lowering fuel prices, and freezing toll rate increases.Key Facts
- The Malaysian government will give 100 ringgit ($24) to each adult citizen.
- The cash handout will be available to 22 million Malaysians.
- It can be redeemed at over 4,000 stores from August 31 to December 31.
- The price of subsidized petrol will decrease from 2.05 ringgit to 1.99 ringgit per liter.
- Planned toll rate increases on 10 highways will be put on hold.
- A new public holiday is set for September 15 to celebrate Malaysia Day.
- Anwar's announcement comes ahead of a rally demanding his resignation over living costs.
- The measures aim to support economic growth amid slowing predictions.
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