Road accidents cost Malaysia RM25bil in economic value in 2023, says Transport Minister

By BENJAMIN LEE, RAHIMY RAHIM, GERARD GIMINO and RAGANANTHINI VETHASALAM

KUALA LUMPUR: At least RM25bil in economic value was lost as road accidents in Malaysia reached an eight-year peak in 2023, says Anthony Loke.

This represents a more than 35% increase in annual economic losses due to road accidents compared to the RM18bil lost in 2010, the Transport Minister said.

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Malaysia Road Accidents , Economic Loss , Anthony Loke , 2023 Road Accidents , iRAP , Transport Ministry , Speed Limit Guidelines , Awas Cameras , Menora Tunnel , Transit Oriented Development

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