Fast, factual wire coverage from across Malaysia and the region.
Malaysia faces potential monthly fuel subsidy costs of RM3.5 billion if crude oil prices stabilise at US$90 per barrel, though government revenue from petroleum sales helps offset the burden.
Prime Minister Anwar Ibrahim has defended Malaysia's fuel pricing strategy, noting that the government already allocates approximately RM40 billion yearly to subsidies and cannot reduce prices further without undermining national finances.
The Malaysian government pledges to enhance its targeted fuel subsidy programme in Sabah and Sarawak by incorporating feedback from communities, with Prime Minister Anwar Ibrahim personally engaging with residents about implementation hurdles.
Malaysia's fiscal deficit is projected to reach 3.6 per cent of GDP in 2026, marginally above the government's 3.5 per cent target, even with an extra RM25 billion allocated for fuel subsidies to sustain RON95 petrol prices.
Malaysia will preserve its people-focused assistance programmes despite projected petroleum subsidies reaching almost RM40 billion this year, Deputy Finance Minister Liew Chin Tong declared in Parliament.
Malaysian Parliament is set to tackle internet service disruptions, the financial impact of West Asia tensions on fuel subsidies, and financing schemes for self-employed individuals during today's sitting.