Prime Minister Anwar Ibrahim has initiated a comprehensive plan to tackle the escalating cost of living in Malaysia. His administration is set to implement measures aimed at easing the financial burdens faced by citizens, including targeted subsidies, price controls, and income support programs. This proactive approach is expected to alleviate economic pressures on Malaysians and promote greater financial stability across the nation.
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In a proactive effort to alleviate the increasing burden of soaring prices of essential goods, Prime Minister Datuk Seri Anwar Ibrahim has taken significant steps to mitigate the challenges faced by the Malaysian populace. His unwavering commitment to improving the situation underscores the government’s dedication to the welfare of its citizens.
Prime Minister Anwar’s deep concern regarding the escalating cost of living became evident during a recent meeting with key officials. Anwar revealed that he had engaged in comprehensive discussions with the acting Minister of Domestic Trade and Cost of Living (KPDN), Datuk Armizan Mohd Ali, and Deputy Minister Datuk Fuziah Salleh to address the issue comprehensively. Additionally, Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi played an active role in tackling this pressing concern during the National Action Council on Cost of Living (NACCOL) Committee meeting.
Prime Minister Anwar candidly acknowledged the global factors exacerbating the situation. He highlighted international events such as restrictions on rice exports and increased onion export taxes in some countries, which have had a cascading impact on the Malaysian economy and the prices of essential goods. Despite these external pressures, Anwar assured the public that his government would make every effort to resolve the issue.
Anwar’s commitment to addressing this issue extends to the nation’s finances. He pledged that the Finance Ministry would step in whenever necessary to provide assistance, demonstrating the government’s dedication to ensuring the affordability of essential goods for all Malaysians.
Amid speculation of a possible Cabinet reshuffle, prompted by the vacancy left by the late Datuk Seri Salahuddin Ayub, the former Minister of Domestic Trade and Cost of Living, Anwar remained cautious. He clarified that his upcoming weekly audience with the Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah was a customary affair. While not ruling out the possibility of a reshuffle in the future, he emphasized that there was no immediate urgency, citing just one vacant position in the Cabinet.
The vacancy created by Datuk Seri Salahuddin Ayub’s passing in July had fueled speculations of an imminent Cabinet reshuffle. However, Anwar hinted that any such changes would only materialize after the Pelangai state by-election on October 7, reinforcing his commitment to maintaining stability while addressing pressing national issues.