Malaysia's Cost of Living Battle: Anwar Unveils New Measures Amidst Protests

In a bid to tackle surging living costs, Malaysia's Prime Minister Anwar Ibrahim unveiled a series of measures, including cash disbursements to citizens and a reduction in fuel prices. The initiatives were announced ahead of a planned protest urging Anwar to resign due to rising prices and unfulfilled reform promises.

Anwar's government is set to distribute a one-off cash handout of 100 ringgit to Malaysians over 18, with a total spend of 15 billion ringgit in aid projected for 2025. However, there are concerns about the long-term fiscal impact of these subsidies, with economists warning of potential strain on Malaysia's financial targets.

Opposition-organized protests are expected to draw thousands this weekend, reflecting the mounting public pressure on Anwar's administration. Key changes, such as the adjustment of fuel subsidies, will be crucial in determining Malaysia's fiscal resilience amidst global economic uncertainties.