BUDI95 Explained: Who Gets RON95 Petrol at RM1.99 a Litre
Malaysia's targeted RON95 fuel subsidy keeps petrol at RM1.99 a litre for eligible citizens. Here is how BUDI95 works, who qualifies, and the monthly quota.
#Malaysia economy
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Malaysia's AI and Semiconductor Boom Reshapes Regional Growth, but Political Risks Cloud the Outlook
Malaysia has transformed into one of the world's largest exporters of AI-related hardware, driven by massive semiconductor and data centre investments. Yet political instability threatens the policy consistency that underpins this remarkable economic turnaround.
Maybank inaugurates Menara Merdeka as new corporate headquarters with PM's blessing
Malayan Banking Bhd has formally opened its new headquarters at Menara Merdeka in Kuala Lumpur. Prime Minister Datuk Seri Anwar Ibrahim officiated the landmark launch event for the country's largest banking institution.
KUSKOP Launches Nationwide Consultation Drive For 2027 Budget Framework
Malaysia's Ministry of Entrepreneur Development and Cooperatives is consulting stakeholders nationwide to gather budget proposals for 2027, focusing on productivity, capital access, and market opportunities for small businesses.
Academy in Industry Programme Bridges Skills Gap, Transforms Lives Across Malaysia
Malaysia's Academy in Industry programme is creating pathways for disadvantaged youth while helping companies fill skilled worker gaps. The initiative combines workplace training with formal qualifications across key sectors.
Tabung Haji Resolves RM12.6 Billion in Losses as Recovery Plan Bears Fruit
Tabung Haji has successfully resolved RM12.6 billion in investment losses through a government-backed recovery plan initiated in 2018, with profit distributions improving to 3.50 per cent for 2025 from 1.25 per cent in the bailout year.
Anwar pins Tabung Haji crisis on greed and weak oversight
Prime Minister Datuk Seri Anwar Ibrahim has attributed Tabung Haji's near-collapse to greed, poor governance, and financial mismanagement, signalling the government's determination to overhaul the pilgrim fund's operations.
Foreign Investment Confidence Catalyses Local Business Expansion, Says Sim
Malaysia's appeal to foreign investors is spurring domestic companies to expand operations, with local investment now representing 45% of total approved investments under the MADANI Government.
Anwar Declares Tabung Haji Restored to Stability After Early Detection of Past Mismanagement
Prime Minister Anwar Ibrahim has declared Lembaga Tabung Haji fully restored after identifying and addressing serious governance issues from previous years, as the Cabinet released the complete Royal Commission of Inquiry report.
Government's RM88 Billion TH Safety Net Only Triggered if Recovery Plan Fails, RCI Warns
A Royal Commission of Inquiry has cautioned that Malaysia's RM88 billion government guarantee backing Tabung Haji depositors will only be drawn upon if the pilgrimage board's recovery plan stumbles, potentially threatening national fiscal stability.
Malaysia Achieves Nearly RM5 Billion in Budget Savings Through Fiscal Discipline Measures
Malaysia has achieved nearly RM5 billion in budget savings through expenditure control measures implemented across all government ministries and agencies since April 2026, Deputy Finance Minister Liew Chin Tong announced.
Malaysia Prioritises Wage Growth Over Tax Expansion, Economy Minister Says
Malaysia's government will focus on raising worker incomes and tackling wage stagnation before expanding its tax system, Economy Minister Akmal Nasrullah declared, pushing back against OECD recommendations for broader-based taxation and consumption taxes.
NEKMAT's RM25 Million Profit Signals Strong Management and Fisheries Sector Growth
Malaysia's National Fishermen's Association (NEKMAT) has posted a profit exceeding RM25 million in 2025, more than doubling the previous year's RM11 million result, reflecting strengthened operational efficiency and commitment to the domestic fisheries sector.
Malaysia positioned to gain economic and tourism boost from Bahrain Grand Prix partnership, says Zahid
Deputy Prime Minister Zahid Hamidi says Malaysia will benefit economically from its involvement with the Bahrain Grand Prix through increased tourism and heightened global visibility that could attract foreign investment.
Economy Ministry Races into Fourth Place in Development Spending, Targeting Top Three Finish
Malaysia's Ministry of Economy has deployed 57.42% of its 2026 development budget, achieving fourth-best performance among government ministries and surpassing the national spending average of 45.93%.
Negeri Sembilan's Next Government Must Champion Business-Friendly Policies, Says Ahmad Zahid
Deputy Prime Minister Ahmad Zahid Hamidi has called for the incoming Negeri Sembilan government to adopt business-friendly policies that empower local entrepreneurs and position the state as a competitive economic hub on the international stage.
Senate Approves Competition Law Overhaul to Combat Digital-Era Cartels and Market Abuse
Malaysia's Senate has endorsed the Competition (Amendment) Bill 2026, granting the Malaysia Competition Commission enhanced enforcement capabilities to tackle sophisticated anti-competitive practices in the digital economy and address rising living costs.
Anwar: F1 race return signals Malaysia's credentials for hosting world-class events
Prime Minister Anwar Ibrahim has highlighted Malaysia's capacity to host prestigious international events, citing the return of Formula 1 racing to the Sepang International Circuit as evidence of the nation's organisational strength and infrastructure.
Malaysia Within Striking Distance of High-Income Status, Says Ramanan
Malaysia has reached its highest GNI per capita of USD12,380 under PM Anwar Ibrahim's leadership, positioning the country just USD1,996 away from World Bank high-income nation status by 2027.
RM5 Million Injected to Expand Bumiputera Role in Penang's Semiconductor Sector
Prime Minister Anwar Ibrahim unveiled a RM5 million funding initiative in Penang to strengthen Bumiputera companies' presence in Malaysia's semiconductor supply chain, part of efforts to democratise high-tech sector participation.
JOM MALAYSIA Initiative To Propel Sabah Businesses Onto Global Stage
The JOM MALAYSIA movement is positioned to accelerate Sabah product exports globally, aligning with the state's Sabah Maju Jaya 2.0 agenda. The initiative connects entrepreneurs, government, and industry players to strengthen economic opportunities.
Malaysia wins lower US tariff tier amid forced labour review, facing 10% duty from July 24
Malaysia has secured placement in a lower US tariff tier, with a 10% duty taking effect from July 24 under Section 301 measures. The country was rewarded for commitments to enforce forced labour laws.
Government Sets One-Month Deadline to Resolve Hospitality Sector's Foreign Worker Crisis
Prime Minister Anwar Ibrahim has directed ministers to resolve critical foreign worker shortages in Malaysia's restaurant sector within one month, while maintaining strict immigration controls.
Anwar Sets 30-Day Deadline to Unblock Foreign Worker Applications for Restaurants
Prime Minister Datuk Seri Anwar Ibrahim has instructed government ministries to resolve foreign worker hiring bottlenecks within 30 days, with restaurants identified as the priority sector facing acute staffing shortages.
Ringgit Strengthens Against Major Currencies But Weakens on Dollar Amid Trump Tariff Threat
The ringgit opened stronger against most major currencies on Friday but retreated against the US dollar as risk aversion spread through markets, prompted by fresh American trade tariffs targeting Malaysia and 59 other nations.
Economic Growth Must Serve Humanity, Not Just Numbers, Says PM Anwar
Prime Minister Anwar Ibrahim has called for Malaysia's economic policies to be guided by moral purpose and human dignity rather than pursuing growth as an end in itself, amid rapid technological transformation.
Malaysia Moves to Tighten Rules Against Foreign Business Exploitation
Malaysia's Economy Ministry is developing new laws to combat rent-seeking and Ali Baba schemes involving foreign nationals, aiming to protect local businesses and improve competitive fairness across the economy.
Malaysia Cannot Afford Deeper Fuel Cuts, Anwar Warns on RM40bn Subsidy Burden
Prime Minister Anwar Ibrahim has defended Malaysia's fuel pricing strategy, pointing to the government's RM40 billion annual subsidy commitment as evidence that further price reductions would endanger the nation's financial stability.
Anwar Defends Fuel Subsidies as Essential, Cautions Against Mounting National Debt
Prime Minister Anwar Ibrahim has defended Malaysia's fuel pricing approach as necessary for protecting citizens, while warning of the risks associated with accumulating public debt if subsidies are withdrawn without careful planning.
Economic Growth Masks Underlying Hardship for Many Malaysians, Anwar Acknowledges
Prime Minister Anwar Ibrahim acknowledged that Malaysia's stronger-than-expected second-quarter economic growth has not translated into relief for struggling households and small enterprises, signalling the government's awareness of a widening gap between headline figures and ground-level reality.
Malaysia to Expand Rahmah MADANI Sales Programme to Combat Cost-of-Living Crisis
Malaysia's Domestic Trade and Cost of Living Ministry will increase Rahmah MADANI Sales Programmes to address affordability challenges, particularly in high-cost areas like Labuan and Limbang.
Budget May Include Higher STR and SARA Payouts, Says PM Anwar
Prime Minister Anwar Ibrahim has indicated the government is exploring higher assistance under the STR and SARA welfare schemes, contingent on Malaysia's economic performance and to be reviewed in the upcoming Budget.
Malaysia Launches Fourth National Training Week With Thousands of Free Skills Courses
The Human Resource Development Corporation is rolling out the fourth National Training Week beginning July 20, offering thousands of free courses nationwide in partnership with the Ministry of Human Resources to promote lifelong learning among all Malaysians.
Petroleum Reserve Must Be Part of Wider Economic Security Plan, Says Economist
An economist has advised that Malaysia's proposed petroleum reserve should form part of a comprehensive economic security strategy rather than function as an isolated energy initiative, encompassing food security, critical minerals, semiconductors and digital infrastructure.
Malaysia's Q2 GDP Growth Demonstrates Economic Resilience Amid Reform Push, Anwar Says
Prime Minister Anwar Ibrahim has highlighted Malaysia's second-quarter GDP expansion as evidence of the economy's durability, attributing the performance to comprehensive reforms implemented since 2022.
Malaysia's economy expands 5.8% in Q2 as PM credits collective effort
Malaysia's economy expanded 5.8% in the second quarter, prompting Prime Minister Anwar Ibrahim to express gratitude for the nation's economic trajectory during Friday prayers in Nilai.
RM10.879 Billion in Cooking Oil Subsidies Vanished: Accountability Questions Loom Over Government Oversight
Malaysia's Public Accounts Committee has uncovered RM10.879 billion in cooking oil subsidies that never reached intended beneficiaries between 2019 and February 2025, exposing critical flaws in government subsidy administration and market oversight.
Malaysia's Economy Accelerates to 5.8% Growth in Q2 2026, PM Expresses Satisfaction
Prime Minister Datuk Seri Anwar Ibrahim welcomed Malaysia's second-quarter economic expansion of 5.8%, marking an acceleration from the first quarter's 5.4% growth rate.
Government Maintains Hands-Off Approach to Port Management Appointments, Says Transport Minister Loke
Transport Minister Anthony Loke has reaffirmed that the government does not interfere in management appointments at port operators, even when foreign nationals assume leadership roles, as long as Malaysian ownership stays above 51 per cent.
SARA Aid Programme Records Strong 99% Uptake Rate With RM3.45 Billion Spent
Malaysia's SARA cashless assistance scheme has achieved near-complete uptake among its 9 million monthly recipients, with transaction values reaching RM3.45 billion this year. The programme demonstrates strong effectiveness in easing cost-of-living pressures.
Malaysia's National Trust Fund Must Expand Beyond Oil, Says Finance Minister
Parliament has passed the National Trust Fund (KWAN) Bill 2026, broadening Malaysia's approach to preserving wealth from natural resources beyond oil and gas. Finance Minister II Amir Hamzah emphasises the need for other resource sectors to contribute alongside Petronas.
Malaysia Should Pursue Measured Approach to Building National Petroleum Reserves, Says Economist
An economist recommends Malaysia adopt a measured, cost-effective strategy for building petroleum reserves rather than replicating large-scale models from developed nations, prioritising fiscal sustainability and thorough risk assessment.
PM Anwar Prioritises AI and Professional Development in Meeting with BIM
Prime Minister Datuk Seri Anwar Ibrahim has highlighted artificial intelligence and professional talent development as cornerstones of Malaysia's regional competitiveness, during talks with Balai Ikhtisas Malaysia.
Malaysia Must Brace for Economic Shocks From Hormuz Strait Tensions, Says Akmal Nasrullah
Malaysia's Economy Minister has urged businesses and the public to prepare for potential economic fallout from geopolitical tensions affecting the Strait of Hormuz, warning of inflationary pressures across supply chains.
Dewan Rakyat Backs RM14.5 Billion Transfer of MGII Proceeds to Development Fund
Malaysia's parliament has approved a motion to channel RM14.5 billion from Malaysian Government Investment Issues proceeds to the Development Fund, addressing fiscal deficit financing for 2026.
Malaysia's Budget 2027 Fiscal Projections Unchanged For Now, Says Liew
Deputy Finance Minister Liew Chin Tong says Malaysia's fiscal projections for Budget 2027 remain on track despite oil price volatility increasing subsidy expenditure by RM40 billion, with higher petroleum revenue helping offset the burden.
Malaysia Expands High-Wage Job Initiatives to Stem Rural Youth Exodus
Malaysia's Ministry of Human Resources is intensifying efforts to create competitive employment opportunities in rural regions, implementing wage reforms and skills programmes to discourage youth migration to urban centres.
Federal Government Confirms RM1.5 Billion Sabah Grant Won't Trim Development Budget
Malaysia's federal government has pledged that a RM1.5 billion increase in Sabah's interim special grant will not diminish the state's development and operating allocations, Deputy Finance Minister Liew Chin Tong confirmed in Parliament.
Malaysia's TVET 2.0 Framework Gets Major Overhaul Through Industry Recognition and Accreditation Reforms
Malaysia is overhauling its TVET 2.0 framework with direct industry accreditation to ensure graduates meet labour market demands. The initiative emphasises advanced technology skills, entrepreneurship, and rural economic development.
Malaysia to examine plastics sector proposals amid global supply disruption
Malaysia's government has tasked two ministries with evaluating proposals from the plastics industry, which is grappling with widespread supply chain disruptions affecting manufacturers across Southeast Asia.
Ahmad Zahid Pledges Umrah Sponsorships for Malaysian Gold Medallists at WorldSkills 2026
Deputy Prime Minister Ahmad Zahid has committed to fully fund umrah pilgrimages for Malaysian TVET participants who secure gold medals at the WorldSkills Competition 2026 in Shanghai, along with their parents.
Malaysia's Rice Reserves Secure for Six Months as Government Pledges Price Stability
Malaysia's rice supply remains secure with a six-month buffer stock in place, Economy Minister Akmal Nasrullah confirmed. The government has pledged to keep Local White Rice prices stable while supporting paddy farmers with RM45.98 million in incentives.
Malaysia's TVET Graduates Set for Job Market Success, Says Ahmad Zahid
Deputy Prime Minister Ahmad Zahid Hamidi has pledged that Malaysian TVET graduates will enjoy near-perfect employment prospects through coordinated industry engagement, with job offers coming before course completion.
Flexible Work Arrangements Drive Significant Productivity Gains, Malaysian Study Shows
A Ministry of Human Resources study across three major Malaysian regions demonstrates that flexible work arrangements significantly enhance worker productivity and operational efficiency, with 81% of Klang Valley employees reporting improved job performance.
Malaysia's Energy Supply Stable Despite Strait of Hormuz Tensions, Says DPM Fadillah
Deputy Prime Minister Datuk Seri Fadillah Yusof has assured Malaysians that the nation's energy supply remains secure despite escalating tensions in the Strait of Hormuz, with Petronas and the Prime Minister engaged in multilevel negotiations to safeguard energy security.
Malaysia's Federal Debt Set To Remain Below 65% Of GDP Through 2026, Finance Ministry Confirms
Malaysia's Finance Ministry has assured Parliament that the federal government's statutory debt will remain below the 65% GDP ceiling in 2026, even as the nation navigates regional geopolitical tensions and economic uncertainties.
Malaysia's 2026 GDP Growth Forecast Upgraded to 4.5%, OPR Expected to Hold Steady
Malaysia's economic outlook brightens as MBSB Investment Bank upgrades its 2026 GDP growth forecast to 4.5%, driven by robust export performance and stable inflation. The central bank is expected to maintain interest rates at 2.75%.
Malaysia Intensifies Governance Reforms to Restore Investor Confidence After 1MDB Fallout
The Malaysian government is implementing sweeping governance reforms to restore international confidence following the 1MDB scandal, Deputy Finance Minister Liew Chin Tong told Parliament, citing record investments and improved competitiveness rankings.
Malaysia's EV Charging Network Expands to 6,416 Stations as Government Accelerates Low-Carbon Mobility Push
Malaysia has deployed 6,416 public electric vehicle chargers nationwide as of May 2026, comprising 2,143 DC fast chargers and 4,273 AC units, according to the Ministry of Investment, Trade and Industry.
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Malaysia's Halal MSME Initiative Targets RM187.91 Million Sales Boost Through 2026
Malaysia's Halal Home Grown Champion programme has generated RM187.91 million in potential sales for 313 halal enterprises, including 158 Bumiputera and 52 women-owned firms, positioning the nation to expand its global halal market leadership.
MADANI Government Deepens Financial Stability Push With Banking Sector Partnership
The MADANI government is reinforcing its commitment to financial stability through coordinated efforts with Bank Negara Malaysia and the banking sector, introducing consumer-friendly products and targeted relief for businesses affected by global economic headwinds.
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Malaysia's Rising Food Waste Problem Tied to Affluence and Urban Lifestyles, Says Chief Statistician
Malaysia's growing household food waste is driven by rising incomes and changing lifestyles, particularly in urban areas and wealthier states, according to outgoing Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin.
Malaysia Shields Food Prices from Middle East Turmoil Through Strategic Subsidies and Long-Term Agricultural Reform
Malaysia has maintained stable food prices despite Middle East tensions disrupting global oil and plastic supplies through targeted government subsidies, increased agricultural incentives, and strategic stockpiling, though long-term resilience requires boosting domestic production.
MCE Holdings Launches RM50 Million Automotive Electronics Hub in Serendah
MCE Holdings has unveiled a RM50 million automotive electronics manufacturing facility in Serendah as part of a broader RM200 million investment strategy to expand Malaysia's advanced automotive capabilities and serve regional and international markets.
Bank Negara Expected to Hold OPR Steady at 2.75% as Oil Price Declines Ease Inflation Pressure
CIMB Treasury researchers anticipate Bank Negara Malaysia will hold its benchmark interest rate at 2.75% this Thursday, supported by easing global oil markets and moderating inflation expectations across the region.
Rural Development Must Align With Global Priorities, Says Zahid
Deputy Prime Minister Ahmad Zahid Hamidi has emphasised that Malaysia's National Rural Economic Agenda should serve as a strategic blueprint, ensuring rural communities advance in harmony with global development priorities and international standards.
Ringgit set to strengthen as Bank Negara pushes capital inflow initiatives
The ringgit is expected to rebound after a weak first half, with Bank Negara Malaysia's push to encourage foreign-exchange inflows and Malaysia's solid trade performance supporting currency recovery through year-end.
SAMENTA Calls For Transparency Reports To Combat Cronyism In MSME Lending
Malaysia's Small and Medium Enterprises Association is pushing lending agencies to release regular transparency reports and strengthen whistleblower protections to eliminate cronyism and political interference from MSME financing decisions.
Anwar Flags Housing Affordability Crisis in Johor as Prices Surge Beyond Young Families' Reach
Prime Minister Anwar Ibrahim has expressed concern over mounting delays in affordable housing delivery across Johor, citing sharp property price increases that have priced out young people and new families from the property market.
Malaysia to Overhaul Foreign Worker Management System for Greater Coordination
Deputy Prime Minister Ahmad Zahid Hamidi has unveiled plans to restructure Malaysia's foreign worker management framework, emphasising greater inter-agency coordination and responsiveness to sector-specific labour needs.
Anwar Points to Expanded Cash Assistance as Key Win for Madani Reforms
Prime Minister Anwar Ibrahim has highlighted the government's expanded cash assistance programme as evidence of the Madani economic reform agenda's success, with some families now receiving up to RM1,800 in direct support.
MSMEs Account for 97% of Business Transactions, Anchoring Malaysia's Economic Growth
Micro, small and medium enterprises represent 97 per cent of Malaysia's business transactions and contribute approximately 52 per cent of GDP, Deputy Prime Minister Ahmad Zahid said, emphasising their vital role in job creation and economic stability.
Anwar Calls for Merit-Based Approach to Bumiputera Business Financing
Prime Minister Anwar Ibrahim has demanded an overhaul of Bumiputera financing mechanisms, urging an end to political patronage in fund allocation and calling for merit-based assessment of entrepreneurs seeking business capital.
Nearly 200,000 Diesel Vehicle Owners Access BUDI Subsidy in Opening Weekend
The government's new BUDI Diesel subsidy scheme has already served nearly 200,000 private diesel vehicle owners since launching on July 1, with Treasury officials reporting smooth operations and only minor accessibility issues during the crucial first days.
Malaysia Accelerates Push to Expand Micro-Financing Access for Small Businesses and Traders
Malaysia's government is ramping up on-the-ground campaigns to inform entrepreneurs about RM5 billion in available micro-financing, with Treasury officials and banking partners engaging traders directly at markets to improve uptake.
MADANI Taxi Reform Shifts Ownership Model, Ends Era of Driver Leasing
Malaysia's MADANI Taxi Reform Programme grants taxi drivers outright vehicle ownership through a new financing model, replacing the traditional leasing system. The initiative features Proton S70 sedans and digital integration to boost driver earnings.
PM Anwar Doubles Taxi Reform Investment with RM10 Million Top-up and Proton Partnership
Prime Minister Anwar Ibrahim has injected an extra RM10 million into the taxi replacement programme following strong initial uptake, while securing a partnership with Proton to offer affordable financing for the S70 model.
Malaysia Leverages Trade Routes and Regional Partnerships to Shape Economic Diplomacy Strategy
Prime Minister Anwar Ibrahim underscores Malaysia's significance as a trading nation positioned on critical global supply routes, emphasising ASEAN centrality and economic diversification across West Asia, Central Asia, Africa and Latin America.
MyCC Gets Stronger Arsenal to Fight Cartels with Whistleblower Rewards and Settlement Options
The Malaysia Competition Commission will gain authority to pay cash rewards to whistleblowers and grant penalty cuts up to 40% for early-admitting enterprises under proposed amendments strengthening cartel enforcement.
Malaysia Offers 10% Home Purchase Discount at AREC 2026 Amid Affordability Push
Malaysia's Housing Ministry will offer a 10 per cent discount on home purchases during AREC 2026 in July, aimed at easing buyer financial burden. The initiative, developed with REHDA, supports the government's affordability agenda.
Malaysia's Unemployment Rate Falls to 2.9 Per Cent, Driven by Skills Training Push
Malaysia's unemployment rate improved to 2.9 per cent last year from 3.2 per cent in 2024, according to Deputy Prime Minister Ahmad Zahid Hamid, who credited expanded skills training and vocational education initiatives.
FAMA's Agro MADANI Programme Crosses RM46.72 Million Milestone in Five Months
Malaysia's Federal Agricultural Marketing Authority has recorded RM46.72 million in sales through its Agro MADANI programme in the first five months of 2024, conducting 1,833 nationwide events to connect farmers and producers directly with consumers.
IPR Poverty Relief Scheme Reaches 7,787 Households in Nearly Three Years
Malaysia's People's Income Initiative has lifted 7,787 households out of poverty in nearly three years, with participants earning over RM2,000 monthly. The scheme complements existing anti-poverty efforts.
Lim Guan Eng Demands PM Anwar Address Penang's RM2.8 Billion Federal Funding Gap
DAP lawmaker Lim Guan Eng has called on Prime Minister Anwar Ibrahim to immediately restore RM2.8 billion in federal funding that Penang claims was shortchanged between 2023 and 2025.
Johor Election Campaign Fuels Business Boom for Street Vendors and Food Traders
The Johor state election campaign has delivered an unexpected economic boost to petty traders and food vendors across the state, with business owners reporting significant increases in daily sales and customer footfall.
Malaysia's household debt hits RM1.73 trillion, now 84.4% of GDP
Malaysia's household debt has climbed to RM1.73 trillion, equivalent to 84.4 per cent of GDP, according to Prime Minister Anwar Ibrahim, raising concerns about consumer financial health.
Parliament Tackles SUHAKAM Reform and Cost-of-Living Pressures in New Session
Parliament's July sitting will examine proposed changes to SUHAKAM's financial structure and the widening disconnect between official inflation figures and household spending pressures, reflecting growing economic anxieties.
BUDI Diesel rolls out tomorrow with 700,000 private vehicle owners set to enjoy RM2.10 per litre subsidy
Malaysia launches its expanded BUDI Diesel initiative on July 1, extending subsidised fuel at RM2.10 per litre to approximately 700,000 private vehicle owners nationwide, representing a major expansion from the previous scheme.
Malaysia's Bumiputera Entrepreneur Drive: Nearly RM3 Billion Investment Showing Results
Malaysia's KUSKOP ministry has invested nearly RM3 billion since 2023 to support Bumiputera entrepreneurs, with measurable outcomes including 20% sales increases and 150 companies expanding operations.
WTO Must Modernise To Reflect New Global Trade Realities, Says Johari
Malaysia's Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani has called for the World Trade Organization to adapt to contemporary economic realities, warning that the institution risks losing relevance if it fails to address modern concerns around supply chain security and strategic competition.
Malaysia to Overhaul Foreign Worker System Under New Coordination Framework
Malaysia's government will restructure its foreign worker management system to enhance coordination and efficiency. The One Stop Centre will now operate under the Human Resources Ministry, with strategic reviews of labour requirements and continued focus on reducing dependence on migrant workers.
Malaysia Scraps RM1 Interbank ATM Fees from July 1 to Support Rural Access
Malaysia's Finance Ministry and banking sector have jointly agreed to eliminate the RM1 interbank ATM withdrawal fee starting July 1, expanding cash access across 14,000 machines nationwide and easing costs for rural communities.
Government Expands Rahmah MADANI Sales to 15,881 Sessions Nationwide in First Half of 2024
The Ministry of Domestic Trade and Cost of Living has conducted 15,881 Rahmah MADANI Sales events nationwide between January and June 2024, covering all state constituencies and Federal Territory zones in a bid to ease living costs.
Malaysia Approves RM774.4 Billion in Manufacturing Investments, Realising Over 86% Between 2020 and 2025
Malaysia's Ministry of Investment, Trade and Industry has approved nearly RM774.4 billion in manufacturing investments since 2020, with over 86% realised so far, generating 416,914 jobs and prioritising high-value sectors like semiconductors and green technology.
Malaysia Advancing 120 Supply Chain Interventions as Global Crisis Persists
Malaysia is executing 120 government decisions to counter global supply chain disruptions, with 27 fully implemented and 93 in progress. Economy Minister Akmal Nasrullah told Parliament the crisis will likely persist into 2026.
Civil Service Paperless Drive Cuts Costs by RM1.99 Million
Malaysia's civil service has successfully saved RM1.99 million through a paperless initiative that eliminated 116,405 reams of paper. The achievement was highlighted during a digital economy council meeting chaired by Prime Minister Anwar Ibrahim.
Over 32,000 Completed Homes Worth RM16.37 Billion Remain Unsold in Malaysia
Malaysia faces a significant housing glut, with 32,800 completed residential units valued at RM16.37 billion remaining unsold as of the first quarter of 2024, reflecting structural imbalances in the property market.
Parliament to Examine West Asia Conflict's Tourism Impact and Border Security Readiness
The Dewan Rakyat convenes today to examine how regional instability affects Malaysia's tourism sector and assess security readiness along the sensitive Malaysia-Thailand border in Langkawi.
Government Receives Over 18,000 Applications for Expanded Diesel Subsidy Scheme
Malaysia's BUDI MADANI Diesel programme has processed more than 18,000 quota applications in its opening 48 hours, with officials reporting no technical glitches as the scheme expands subsidised fuel access to eligible vehicle owners.
KUSKOP Charts Path for MSME Growth Amid Robust Retail Expansion
Malaysia's Ministry of Entrepreneur and Cooperatives Development is intensifying grassroots efforts to empower MSMEs and cooperatives in the thriving wholesale and retail sector, which recorded RM175 billion in sales in April 2026.
Malaysia Must Accelerate Drone Technology Development To Strengthen Economy, Says PM Anwar
Prime Minister Anwar Ibrahim has called for Malaysia to rapidly scale up its unmanned aerial vehicle industry, highlighting the sector's potential as a catalyst for economic growth and innovation amid a projected global market worth USD55 billion by 2030.
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Government to Roll Out Affordable Housing Programme for Civil Servants Across Malaysia
Prime Minister Anwar Ibrahim has unveiled plans for a comprehensive affordable housing initiative targeting civil servants nationwide, aiming to ease the financial burden on Malaysia's public sector workforce and boost retention rates.
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Cabinet intensifies focus on foreign worker management as Zahid convenes oversight committee
Malaysia's government is escalating efforts to address foreign worker concerns through a dedicated Cabinet committee. Deputy Prime Minister Zahid will lead discussions involving multiple agencies to tackle challenges across sectors including food and beverage operations.
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Anwar Pushes for Faster Local Authority Approvals to Strengthen Malaysia's Global Standing
Prime Minister Anwar Ibrahim has directed local authorities nationwide to expedite approval processes, targeting faster project turnaround times to enhance Malaysia's competitive edge in attracting international investment and supporting domestic economic growth.
Anwar's Energy Diplomacy in Central Asia Credited with Easing Malaysia's Fuel Costs
Prime Minister Anwar Ibrahim's recent diplomatic engagements in Russia and Turkmenistan have yielded tangible benefits for Malaysian consumers, with the unity government attributing a reduction in subsidised diesel prices directly to these high-level negotiations.
Anwar Pushes Local Councils To Speed Up Development Approvals
Prime Minister Anwar Ibrahim has ordered Malaysia's local authorities to accelerate approval processes for housing and industrial projects, citing inconsistent procedures that drive up costs and delay development.
Hospital Billing Practices, Not Doctor Fees, Blamed for Rising Insurance Premiums
Malaysia's Public Accounts Committee identifies unregulated hospital billing practices—including equipment, medicines, and diagnostic tests—as the primary driver of escalating health insurance premiums, calling for urgent legislative reform.
Malaysia's Labour Market Shows Steady Recovery with Unemployment Trending Downward
Malaysia's labour market remains stable with joblessness declining to 6,197 people by late June, representing a 20 per cent drop from May. Government job placement schemes have accelerated redeployment efforts.