Prime Minister Anwar Ibrahim announced that the government will not introduce new taxation but will implement a targeted subsidy system to benefit low-income groups. The new diesel subsidy will exempt fishermen, smallholders, and taxi drivers, addressing significant leakage where the wealthy and large industries currently benefit.
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No new taxes
Anwar emphasized that nearly a million citizens will be exempt from the diesel tax, aiming to alleviate the burden on the lower-income population. He also mentioned an upcoming Islamic economic conference in Kuala Lumpur, focusing on shariah, social inequality, and digital AI technology. The Melaka unity government convention discussed 10 resolutions over two days.