PETALING JAYA: Prudent measures to curb rising living costs are being implemented in stages to ensure greater stability and prosperity for Malaysians, says Datuk Seri Anwar Ibrahim.
The Prime Minister said Malaysians were facing growing global uncertainties, including economic pressures, climate change, rapid developments in artificial intelligence and increasingly complex regional geopolitical dynamics.
He said the effects of these challenges were being felt across the world.
“In navigating these challenges, the nation must chart its course wisely through sound policies and practical measures that preserve stability and ease the burden on the rakyat,” he said in his speech at the investiture ceremony held in conjunction with His Majesty Sultan Ibrahim, King of Malaysia’s official birthday celebration at Istana Negara on Monday (June 1).
Anwar also gave an assurance that targeted assistance programmes would continue to be refined, the social safety net further strengthened, and access to healthcare and education continuously improved.
“Among the initiatives introduced are prudent fiscal measures, the targeted subsidy mechanism for RON95 fuel and the Budi Madani programme.
“Fortunately, amid these challenges, the national economy continues to record encouraging growth.
“Domestic and foreign investments have risen, unemployment remains low, and international investor confidence in Malaysia continues to strengthen,” said Anwar.
He added that prudent fiscal reforms, the empowerment of small and medium enterprises, and the digital transformation agenda had opened up greater opportunities for quality employment, particularly for the younger generation.
“Malaysians will continue to uphold unwavering loyalty to His Majesty and strengthen our collective resolve and efforts in pursuit of the nation’s continued progress and prosperity,” said the Prime Minister.
