Today's top Malaysian news, sport and lifestyle.
Prime Minister Datuk Seri Anwar Ibrahim has emphasized that Malaysia's government allocates between RM40 billion and RM45 billion annually to fuel subsidies, shielding citizens from international price pressures.
Prime Minister Anwar Ibrahim disclosed that the government allocates RM980 million yearly to compensate the Federal Land Development Authority for losses stemming from previous management's tenure, signalling the scale of financial restructuring required.
Malaysia has achieved nearly RM5 billion in budget savings through expenditure control measures, according to Deputy Finance Minister Liew Chin Tong. The government implemented the measures following a RM10 billion adjustment to operating expenditure to address global supply chain pressures.
A Public Accounts Committee investigation has uncovered RM10.879 billion in cooking oil subsidies that failed to reach intended beneficiaries from 2019 to February 2025, exposing critical gaps in subsidy administration and enforcement.
The MADANI Government is implementing comprehensive governance reforms to prevent repeat of the 1MDB scandal, including new fiscal responsibility laws and expanded auditor powers, Deputy Finance Minister Liew Chin Tong told Parliament.
Malaysia's government is piloting MediAsas, an affordable health insurance scheme starting at RM60 monthly, paired with the RESET reform strategy to address systemic healthcare cost pressures ahead of full national rollout in 2027.