logo
PM Anwar Delivers On Fuel Price Promise, Proves Govt Keeps Its Word

PM Anwar Delivers On Fuel Price Promise, Proves Govt Keeps Its Word

Barnama23-07-2025
KUALA LUMPUR, July 23 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim's announcement of initiatives to ease the people's cost of living proves that the MADANI government is fulfilling its promises, says Housing and Local Government (KPKT) Minister Nga Kor Ming.
He said the reduction of RON95 fuel price to RM1.99 per litre made it one of the lowest in the world.
'This demonstrates his concern in addressing cost-of-living issues despite financial constraints. On behalf of 22,000 KPKT families, I would like to thank the Prime Minister for the good news. Anwar said if he became Prime Minister, fuel prices would go down, and now, they will really go down.
'Even with the current financial limitations, we've managed to reduce fuel price, maintain toll rates, provide SARA (Sumbangan Asas Rahmah), and give various incentives,' he said at a press conference after officiating the ASEAN Real Estate Conference (AREC) 2025 and the International Architecture, Interior Design and Building Exhibition (ARCHIDEX) 2025, here today.
Nga said the one-off RM100 aid under SARA for all Malaysians aged 18 and above also reflected the government's concern in helping not only the B40 group but also the M40 group, which were often excluded from such aid.
He said the RM2 billion allocation, benefitting 22 million Malaysians, was expected to have a multiplier effect on the economy, while the postponement of toll rate hikes served as an anti-inflationary measure.
Nga emphasised that the MADANI government would continue its nation-building efforts and urged all Malaysians to unite in helping the country rise again and gain respect on the global stage.
'Sometimes in the government, we are required to make some unpopular, extremely difficult decisions as leaders who care about the next generation.
'I expect more good news in Budget 2026, which is scheduled to be tabled in October, so stay tuned,' he said.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Semiconductor industry unlikely to be severely affected by revised tariffs, says Anwar
Semiconductor industry unlikely to be severely affected by revised tariffs, says Anwar

The Star

time28 minutes ago

  • The Star

Semiconductor industry unlikely to be severely affected by revised tariffs, says Anwar

PUTRAJAYA: The country's semiconductor industry is unlikely to be severely affected by the revised tariffs announced by the United States, says Datuk Seri Anwar Ibrahim. The Prime Minister said that Malaysia was grateful to secure a 19% tariff rate in recent negotiations, a relatively favourable outcome compared to other neighbouring countries, adding that it could possibly be due to the country's success in helping resolve the Thailand-Cambodia conflict. "Tariff concerns, particularly in the semiconductor industry, have caused significant unease recently. "Previously, these were mostly exempted. "However, most of these companies are US-based or already have commitments to continue their investments and production in the US, so they won't be severely affected," he said in his speech during the 2026 Budget Consultation Council at the Finance Ministry here on Thursday (Aug 7). Anwar said, however, there are some exceptions such as Infineon, a German semiconductor manufacturer, that mainly caters to the needs of Germany and Europe, as well as others. "So, we're monitoring the situation," said Anwar. Earlier, US President Donald Trump announced sweeping new tariffs on countries worldwide, which have now come into effect, escalating his trade war. Trump plans to impose 100% tariffs on semiconductors imported from countries that do not produce, or do not plan to produce, chips within the US and only companies that have invested in or are building chip-manufacturing facilities in the US would reportedly be exempt.

Malaysia to draw RM637bn green investments by 2050
Malaysia to draw RM637bn green investments by 2050

The Sun

time28 minutes ago

  • The Sun

Malaysia to draw RM637bn green investments by 2050

KUALA LUMPUR: Malaysia is projected to secure RM637 billion in direct investments for renewable energy and green technology by 2050. The Ministry of Energy Transition and Water Transformation (PETRA) estimates this will generate 310,000 new job opportunities. Deputy Prime Minister Datuk Seri Fadillah Yusof stated that a minimum 51% local ownership equity will be enforced for all RE projects. This policy ensures high-skilled job creation and technology transfer to Malaysian workers. Key initiatives include the Large-Scale Solar Programme and Feed-in Tariff Programme. Fadillah highlighted these measures in a parliamentary reply to Datuk Abdul Khalib Abdullah's query on green investment strategies. The government aims to enhance investor confidence through stable incentives and expanded green energy supply options. The Large-Scale Solar Programme remains central to attracting RE investments with minimal tariff hikes for consumers. Non-solar energy projects will benefit from the Low Carbon Energy Generation Programme. The Corporate Renewable Energy Supply Scheme (CRESS) will be streamlined for direct green power procurement by businesses. Tax incentives like Green Investment Tax Allowance will further boost investor interest. - Bernama

EPF monthly payout plan won't affect current withdrawals
EPF monthly payout plan won't affect current withdrawals

Sinar Daily

time28 minutes ago

  • Sinar Daily

EPF monthly payout plan won't affect current withdrawals

The new mechanism aims to ensure members' savings last longer throughout retirement, in line with rising life expectancy. 07 Aug 2025 01:41pm Photo for illustrative purposes only. Bernama FILE PIX KUALA LUMPUR - The proposed implementation of monthly pension-style payments for Employees Provident Fund (EPF) members, announced during the tabling of the 13th Malaysia Plan (13MP), will not affect the withdrawal rights of existing members, said Deputy Finance Minister Lim Hui Ying. She said the proposal, as announced by Prime Minister Datuk Seri Anwar Ibrahim, would apply only to new members registering after the new mechanism takes effect. However, she said, existing members may choose to opt in voluntarily. "The proposed restructuring of EPF accounts will introduce a new mechanism allowing part of members' savings to be allocated specifically for regular income during retirement,' she told the Dewan Rakyat during a question-and-answer session on Thursday. Deputy Finance Minister Lim Hui Ying during a question-and-answer session at Dewan Rakyat on Thursday. Photo by Bernama She was responding to a supplementary question from Mordi Bimol (PH-Mas Gading), on the rationale for introducing monthly pension-style payouts, as announced under 13MP. Lim said the new mechanism aims to ensure members' savings last longer throughout retirement, in line with rising life expectancy. "The new structure will take effect once members reach the minimum retirement age. Their savings will be split into two main components - flexible savings, which can be withdrawn at any time based on members' needs, and income savings, which will be disbursed regularly or monthly until fully utilised. "This proposal aims to strengthen retirement income security and support more sustainable financial management,' she added. - BERNAMA More Like This

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store