logo
Anwar: No need to dissolve Economy Ministry

Anwar: No need to dissolve Economy Ministry

Borneo Post16-06-2025
Anwar has stressed that there is no necessity to dissolve the Economy Ministry and any new ministerial appointment will only be made at an appropriate time. – Bernama photo
KUALA LUMPUR (June 16): Prime Minister Datuk Seri Anwar Ibrahim has stressed that there is no necessity to dissolve the Economy Ministry and any new ministerial appointment will only be made at an appropriate time.
Anwar explained that the Economy Ministry, which was formerly the Economic Planning Unit (EPU) under the Prime Minister's Department, was elevated to a full ministry during Pakatan Harapan's first administration.
'There is no issue of a change (in ministerial structure). The structure is determined by the Cabinet and me, so for now, I don't see any need for a reshuffle,' he told reporters after officiating at Energy Asia 2025 at the Kuala Lumpur Convention Centre today.
On the 13th Malaysia Plan (13MP), scheduled to be tabled in Parliament this July, Anwar said it is a collective responsibility of the Cabinet, with the Economy Ministry serving as the main secretariat.
He added that various adjustments and reforms are underway in light of the changing economic landscape, including tariff revisions that are impacting key national projections.
'Last week, we also held a meeting to hear input from ministries on policy adjustments being introduced,' he said.
On May 28, Economy Minister Datuk Seri Mohd Rafizi Ramli tendered his resignation and went on leave, which ends today.
On the resignation of Minister of Natural Resources and Environmental Sustainability Nik Nazmi Nik Ahmad, Anwar said the matter has not been finalised as he wishes to allow time and space before making a decision.
'I usually wait, give them a chance. Reflect, consider, and I will give my view. If possible, I'd like him to continue his service; there's still time before his resignation takes effect,' he said.
Nik Nazmi also tendered his resignation on May 28 and has gone on leave until July 3.
When asked about the proposed adjustments involving RON95 petrol prices, Anwar reiterated that it will not affect 85 to 90 per cent of the population.
He said the opposition's claims that people are suffering due to the subsidy rationalisation policy are nothing more than desperate political gimmicks aimed at creating a negative image of the government.
Anwar said the government's move towards subsidy rationalisation is a critical step to ensure sufficient national resources are channelled effectively to benefit the lower-income group.
'We want to have enough resources to help the poor, to enhance the quality of education and to provide better public services, including in healthcare,' he said.
The Prime Minister added that the government is committed to implementing the policy despite criticisms, as it forms part of broader economic reforms aimed at long-term fiscal sustainability. anwar ibrahim Cabinet Economy Ministry Mohd Rafizi Ramli nik nazmi
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Ringgit rises amid softer US dollar
Ringgit rises amid softer US dollar

The Star

time3 hours ago

  • The Star

Ringgit rises amid softer US dollar

At 6pm, the local note appreciated to 4.2040/2085 versus the US dollar. KUALA LUMPUR: The ringgit extended its gains against the US dollar for the third straight day, as the greenback's safe-haven status weakened following lower-than-expected US consumer price index (CPI) data for July, which fuelled expectations of a September interest rate cut. At 6pm, the local note appreciated to 4.2040/2085 versus the US dollar, up 0.57% from Tuesday's close of 4.2290/2320. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid noted that the softer-than-expected US inflation rate of 2.7% in July was largely driven by a moderation in the owner's equivalent rent (OER) to 4.1%, after holding at 4.2% for two straight months. OER accounts for about 25% of the CPI weightage, he said. — Bernama

SST Maintained Due To Broad Industry Understanding
SST Maintained Due To Broad Industry Understanding

Barnama

time6 hours ago

  • Barnama

SST Maintained Due To Broad Industry Understanding

KUALA LUMPUR, Aug 13 (Bernama) -- The government is of the view that revenue collection under consumption tax through the Sales and Service Tax (SST) should be continued and can be further improved, as it is an existing tax that is already understood by the industry, traders, and the public. The Ministry of Finance (MoF) said SST can still be enhanced to generate additional revenue and provide a faster fiscal impact for the government, as it has been in use for over 40 years. 'This is in contrast to reintroducing the Goods and Services Tax (GST), which would require a longer preparation period of up to two years to allow companies time to prepare and update their systems for GST implementation,' it said.

Asean News Headlines at 10pm on Wednesday (Aug 13, 2025)
Asean News Headlines at 10pm on Wednesday (Aug 13, 2025)

The Star

time6 hours ago

  • The Star

Asean News Headlines at 10pm on Wednesday (Aug 13, 2025)

Malaysia * AI the great equaliser, says Anwar * Happy enough to retire at 60 * Probe launched into Palapes cadet's death * Technician charged with 52 counts of sexually abusing daughter * I love Malaysia, says man in upside-down flag case * 'Let's keep politics off the flagpole' * Zara case may rock Sabah polls * SMKA Tun Datu Mustapha top officials, wardens temporarily reassigned amid police probe * Terengganu Umno Youth chief apologises over flag gaffe * Federal Court rejects AG's appeal over Najib's house arrest * Zara Qairina case: Irresponsible use of social media puts innocent children at risk, says Sabah Wanita MCA * No evidence of abuse in death of UTM Palapes cadet, says Defence Minister * Don't delay on Zara Qairina probe, urges Shafie * DPM Zahid moots setting up taskforce to cultivate regional TVET workforce talent in Asean * MACC busts smuggling ring masterminded by senior Armed Forces officers * Minor scuffle erupts between protesters and police outside Parliament * Stick to the facts if you want respect, Loke tells Opposition * Caught in a bad romance: Cops cripple love scam syndicate with four arrests * Yeoh Jin Leng, one of Malaysia's modern art masters, has died at 96 * Judicial review on Najib's house arrest to be heard at High Court from mid-September * Inquest to be held over Zara Qairina's death, says AGC * Dewan Rakyat descends into chaos after Chong questions Hadi on 13MP * Two schoolgirls charged after Form 1 student found bound and gagged in toilet * Education gap can widen as bullying case numbers rise, says Syed Saddiq * #JusticeForZaraQairina movement gains momentum nationwide * Police record 22 statements in probe into UTM cadet's death * Defence Ministry to fully cooperate with MACC over smuggling probe * Sibling scissors stabbing results in serious injury in Melaka * Zara Qairina probe: Not getting an autopsy was against police protocol, says CID director * Woman detained for spreading fake news on Zara * Police on the hunt for suspect after infant's bloody body found wrapped in diaper * Task force records 82 statements in Zara Qairina probe * Zara Qairina autopsy results consistent; injuries from fall caused death, say cops * Dewan Rakyat Speaker to get Home Ministry to explain attack on Rafizi's son * Couple nabbed over deadly Segamat blaze, allegedly hired by S'pore-based ah long for arson * Sarawak records over RM1bil per month in tourism receipts from January to June this year * They jabbed my son with syringe in planned attack, says Rafizi * Year Two pupil suffers broken eye socket and nose in alleged attack by schoolmates * Ex-head of civil division in AGC among 23 individuals appointed Judicial Commissioners * Perhilitan brings in 'specialist' elephants to aid capture of wild tuskers * Mother, son die from food poisoning after attending wedding * Police warn against Umno Youth's protest over Jalur Gemilang mishap * 229 foreign nationals turned away at KLIA for entry violations * Anwar calls for immediate probe into assault on Rafizi's son * Immigration busts document forgery ring, raids illegal massage operations in KL * 7-year-old boy drowns after being chased by wild cattle, falling into the river * Regional peace and prosperity a shared responsibility among Asean member states, says Abang Johari * Policeman injured as group attempts to hand over memorandum * Knife-wielding woman who attacked bystanders in Kajang arrested * Umno issues protest note against parties poaching members from its ranks * Umno calls for tough action against repeated national flag violations Singapore * Carpool confusion at S'pore checkpoint * Hyflux investigator 'took advantage' of Olivia Lum's inability to recall events: Counsel * Goh Cheng Liang remembered as a hardworking boss who cared for his employees * Laos and Singapore agree to strengthen ties * Lawyer who sent misleading letters to 22 doctors in Singapore fails in bid to quash S$18,000 penalty * Singapore envoy lauds Malaysia's decisive Asean leadership * At least one dead after fire in Singapore's Jalan Bukit Merah flat * (Updated) Two dead after fire in Singapore's Jalan Bukit Merah flat, about 60 evacuated * Jail for Malaysian man who scammed at least five people over illegal cross-border taxi services in Singapore * Jail, caning for recalcitrant drug offender who assaulted two cops with stun device in Singapore Indonesia * Govt considering 'sovereign AI fund' to drive development * Food firm chief quits, citing zero budget * Military court sentences Indonesian soldier to death for killing three policemen * Indonesia delivers first used cooking oil-based aviation fuel shipment * Indonesia boosts role of military in food security initiative Thailand * Chinese firms fuel Thailand's gateway ambitions * Over 480 explosives cleared in 11-day operation at Thai-Cambodian border provinces * National park in Thailand releases photo of black panther greeting tourists * Thai central bank cuts key rate by 25 bps, as expected * Thailand and Cambodia to hold border talks amid troop movements and minefield concerns * Ad Hoc Centre for Thai-Cambodian Border Situation clarifies continued operations * Thai Court to rule on Aug 29 whether to disqualify suspended PM Paetongtarn Philippines * Taal Volcano logs 31 quakes, 30 tremors in past 24 hours * Typhoon Podul intensifies, expected within 24 hours in northernmost Philippines * Eight Chinese nationals nabbed in suspected Pogo hub in Davao City * Chinese fighter 'intercepts' Philippine plane over disputed shoal, Manila says Vietnam * Vietnam cement sector reports strong profits * Vietnam exporters brace for tougher US market * Vietnam wants to be next Asian tiger and it's overhauling its economy to make it happen * Vietnam faces rapidly ageing population challenge * Two Vietnamese youths save drowning children in Japan's Gotenba Beach Myanmar * Securing peace in Myanmar, addressing refugee crisis a priority * Myanmar leader calls for secure, fair multi-party election * Myanmar junta committing 'systematic' torture: UN report * Myanmar military chief calls for heightened security ahead of election Cambodia * Cambodian capital's new airport ready for official operations next month * Cambodians in Japan call for peace back home: Envoy * TikTok rolls out new safety and wellness tools for Cambodian users * Sam Rainsy rallies overseas Cambodians to challenge Hun Sen amid Thai-Cambodian conflict Laos * Laos, Singapore agree to strengthen ties Brunei * Brunei remains committed to advancing ICT: senior official * Brunei youth learn more about cybercrime, online scams, AI ethics * Brunei coach compares challenge in Malaysian football to Scottish Premier League Aseanplus * Malaysia launches world's first syariah-compliant AI app * Putin holds call with North Korea's Kim, discusses US-Russia talks, Kremlin says * Eight weeks to relocate all stray dogs * Tariff truce extended by 90 days * PETRONAS to expand LNG exports to Asian markets * Key Asic secures 21 more international patents * Ringgit gains ahead of key US data * Malaysians may avoid US visa bond * Mimos inks technology transfer deal with Bangladesh * Model 'self-reliance' for Global South, says Xi * Prison time for turtle smuggling * Boy wrecks home after not getting Labubu doll * Hundreds to evacuate as Podul barrels towards southeast * Ill-prepared for AI porn threat * Lee to meet Trump in Washington * Oil prices dip as market awaits EIA report * Action star Jet Li gifts 37YO daughter car worth RM176K as wedding gift * Investors pile into stocks as US rate cut hopes soar * Ringgit rises as softer US inflation boosts rate cut expectations * Southern Taiwan shuts down ahead of arrival of Typhoon Podul * South Korea's former first lady imprisoned after court issues warrant * China cuts ties with Czech President over Dalai Lama visit * From Van Cleef to Vacheron, luxury gifts at centre of probe into South Korea's former first lady * Move by India's Assam state to allow arms for 'indigenous' people stirs fears of worsening violence * Reports: Man arrested after firing shot at Sydney domestic airport * Asian shares rise, dollar defensive after mild inflation data * India reels from US tariff hike threat * Dutch child survivor of Japan's WWII camps breaks silence * China's military says it 'drove away' US destroyer in waters of Scarborough Shoal * China kids deliver food, help courier riders with orders, spark safety concerns * 'Nobody else knew': Allied prisoners of war held in Taiwan * Growing risk appetite pushes FBM KLCI over 1% higher * US report says India acts minimally, Pakistan rarely acts against rights abuses * Beijing urged to curb 'free milk tea'-style cash burn in e-commerce battle * Asean capital cities unite to address waste and climate challenges * India PM Modi likely to meet Trump in US next month, newspaper reports * Solitary cell with mattress on the floor for South Korea's once powerful ex-first lady * Winning Grammy will be a message to every Asian American girl who's ever felt impostor syndrome,' says 'Golden' songwriter Ejae * China and India rebuild ties after Modi's rupture wiith Trump * Japan's Crown Princess Kiko, Princess Kako visit atomic bomb monument * New Zealand PM says Netanyahu has 'lost the plot' * Australian study shows whales, dolphins often play together * Asian shares climb on Fed cut hopes; Thai central bank in focus * Typhoon Podul slams into southern Taiwan, hundreds of flights cancelled * Unwed mother denied childcare subsidies sparks debate in China * Pakistan launches a new security operation against militants near Afghan border * Nepal orders payment service providers to freeze terrorist-linked assets to exit FATF grey list * 'Nomads' World Cultural Festival to be held in Mongolia on August 22–24 * Tough draw for returning Zii Jia in World Championships * Nepal waives climbing fees for 97 mountain peaks * Forced to covert by boyfriend, Kerala woman commits suicide * Japan's JR East luxury sleeper train staff drank on-duty; investigation finds employees habitually consumed alcoholic beverages during breaks for years * Singaporean TV host Lee Teng and Taiwanese wife welcome rainbow baby after 2020 miscarriage * A Thai storm in KLGCC - Thai golfers flex the muscles and sweep all five places up for grabs at Maybank Championship Asean Qualifiers * 11 killed in road crash in northern India * 'Demon Slayer' live orchestral concert to ignite the DFP stage in KL * Japanese star convicted of indecent assault in Hong Kong * 'It's to ensure a safety net': Malaysian super diva Khadijah Ibrahim encourages musicians to move into business * Young Indonesian star Nadhif Basalamah is on a mission to connect hearts across South-East Asia * HK singer Gillian Chung tries roti tisu for the 1st time, enjoys grilled chicken wings at Jalan Alor

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