Prime Minister Anwar Ibrahim announced on July 23rd that starting August 31st, all citizens aged 18 and above will receive MYR100 (MOP191, $21.28). This initiative is expected to benefit 22 million people, with a total allocation exceeding MYR2 billion.
The measure aims to alleviate the pressure of recent increases in the cost of living. Anwar noted that while overall inflation remains moderate, food and beverage prices have risen significantly, and the cash handout will directly ease the financial burden on the public. Other pro-people policies launched concurrently include a fuel subsidy program and a postponement of toll fee increases on major highways.
To promote national unity, the government also announced that September 15th will be a new public holiday. This date is on the eve of Malaysia Day.
Transport Minister Anthony Loke said these measures would provide “a sigh of relief” for the public, influenced by international tariff policies. Business representatives, such as the Associated Chinese Chambers of Commerce and Industry of Malaysia, expressed support, believing it would stimulate domestic demand, while also urging the government to continue optimizing the investment environment.
The opposition, however, criticized the policy as lacking sincerity and still plans to hold a large-scale rally in Kuala Lumpur. Debates on economic policy are intensifying among all parties, and the subsequent effects are worth observing.
