How has the government addressed rising costs for citizens and MSMEs?

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Government Initiatives to Mitigate Rising Costs for Citizens and MSMEs

The Malaysian government has implemented several measures to support citizens and micro, small and medium enterprises (MSMEs) facing rising costs and economic challenges. These initiatives aim to alleviate financial burdens, ensure the availability of essential goods, and maintain business operations amidst global economic uncertainties. The government has provided substantial financial aid and actively worked to address supply chain disruptions.
Financial Support for MSMEs and Micro-Entrepreneurs

Over RM15 billion in financing support has been disbursed to MSMEs and micro-entrepreneurs. This funding is specifically designed to assist these businesses in managing increased operational costs and ensuring the continuity of their operations. The aim is to bolster their resilience against economic headwinds.
Crisis Management and Supply Chain Stability

A dedicated Crisis Management Task Force has been actively engaged with industry stakeholders since April. This task force focuses on identifying critical supplies essential for the economy and securing alternative sources to mitigate the impact of ongoing global supply chain disruptions. This proactive approach seeks to prevent shortages and maintain the flow of goods.
Maintaining Subsidised Fuel Prices

The government has maintained the subsidised price of RON95 petrol under the Budi Madani programme at RM1.99 per litre. This measure directly addresses a significant cost component for many citizens, helping to ease the financial strain associated with transportation and daily expenses. The continued subsidy aims to provide a degree of price stability for essential fuel.

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How has the government addressed rising costs for citizens and MSMEs?

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