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PM: Bank Negara, financial institutions must clarify fiscal measures, counter misinformation
PM: Bank Negara, financial institutions must clarify fiscal measures, counter misinformation

New Straits Times

time9 hours ago

  • Business
  • New Straits Times

PM: Bank Negara, financial institutions must clarify fiscal measures, counter misinformation

KUALA LUMPUR: Bank Negara Malaysia and financial institutions are encouraged to work alongside the government in enhancing public understanding of fiscal measures being implemented, while also helping to address negative narratives surrounding the issue. Prime Minister Datuk Seri Anwar Ibrahim said such cooperation is important to ensure accurate and balanced information reaches the people, particularly amid efforts by certain quarters to politicise economic policies and shape public perception. "For example, for the subsidy rationalisation, (the opposition will say) the country is extremely poor, they (government) are oppressing the people, that is the narrative that you find in the social media. But the RON95 subsidy rationalisation programme has to be done. "So it has to be explained, well articulated. Get the people to understand and appreciate, it is vital to ensure not only the programme is considered to be effective or sound policies, but effectively implemented and understood by the majority of our people," Anwar, who is also Finance Minister, said at the Sasana Symposium 2025 here today. Also present were Chief Secretary to the Government Tan Sri Shamsul Azri Abu Bakar, Bank Negara Governor Datuk Seri Abdul Rasheed Ghaffour and Secretary General of the Treasury Datuk Johan Mahmood @ Johan Mahmood Merican. Anwar admitted that not all fiscal measures introduced by the government such as subsidy adjustments and tax system reforms were popular decisions. Hence, he said, Bank Negara and financial institutions must play their role not only in supporting structural changes or paradigm shifts, but also in providing understanding to the public. Anwar also commended Bank Negara's effort in organising the Sasana Symposium, describing it as an important initiative to bring the great minds of intellectuals, the government, industry players and academias to chart a course forward towards structural reforms for a resilient Malaysia. Yesterday, Anwar said the government is committed to implementing the RON95 petrol subsidy rationalisation exercise, reiterating that it would not affect 85 to 90 per cent of the population.

Govt closely monitoring Iran conflict, no immediate plans for evacuation, says Anwar
Govt closely monitoring Iran conflict, no immediate plans for evacuation, says Anwar

The Star

time10 hours ago

  • Politics
  • The Star

Govt closely monitoring Iran conflict, no immediate plans for evacuation, says Anwar

KUALA LUMPUR: The Malaysian government is closely monitoring the escalating conflict in Iran following Israel's recent military strikes, but has yet to make any decision regarding the evacuation of Malaysians currently in the region, says Datuk Seri Anwar Ibrahim. The Prime Minister said that, so far, no decision has been made to bring home Malaysians from the affected areas. "Not yet," he replied briefly when asked after officiating the Sasana Symposium at Sasana Kijang, Bank Negara Malaysia, here Tuesday (June 17). Also present were the Chief Secretary to the Government Tan Sri Shamsul Azri Abu Bakar, Bank Negara Governor Datuk Seri Abdul Rasheed Ghaffour and Treasury director-general Datuk Johan Mahmood @ Johan Mahmood Merican. Last Friday (June 13), Israel launched a series of strikes on Iranian territory, reportedly killing several high-ranking military officials and scientists. In retaliation, Iran fired ballistic missiles at several locations in Israel, resulting in multiple casualties and injuries. In a statement issued on Friday, Wisma Putra confirmed that no Malaysians in Iran have been reported affected by the attacks. - Bernama

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