MALAYSIA WILL LIFT MINIMUM WAGES, EXPAND TAX RELIEF IN $112.5 BILLION 2027 SPENDING BOOST

Malaysia will raise minimum wages ‌and expand tax relief measures next year, as the government looks to address rising living costs ahead of a possible election despite growing fiscal pressure from a jump in global oil prices.

Prime Minister Anwar Ibrahim on Friday proposed an expansionary budget of 459.8 billion ringgit ($112.48 billion) for 2027 and pledged to implement reforms that he said would allow economic growth to trickle down ​to ordinary Malaysians.

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