Anwar unveils plan to raise wages, boost Malaysia’s economy, ahead of state elections

, Prime Minister Anwar Ibrahim on Thursday launched an ambitious economic plan to transform Malaysia into one of the world’s top 30 economies in the next 10 years and uplift the wages and quality of life of its people.

He also revealed that RM100 in e-wallet credits will be given to all adult Malaysians with an annual income of RM100,000 and below. The move is expected to benefit more than 10 million people. On top of this, some civil servants will get a bonus of RM300, while military veterans and pensioners will receive RM200.

Expanding on his economic vision, Mr Anwar said half of the workers in Malaysia earn less than RM2,250 a month and described it as “undoubtedly worrisome”. The government will also provide home loans of up to 120 per cent for houses valued up to RM300,000 to help those who cannot afford to pay deposits, he said.

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Malaysia’s economy tops campaign agenda ahead of six state elections on Aug 12The unity government led by Prime Minister Anwar Ibrahim is touting its efforts to tackle unemployment, address inflation and woo foreign investments since taking office, while the opposition are focusing on the rising costs hurting the public.
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