
Saifuddin: PM prioritises economic recovery before fulfilling promises
Home Minister Datuk Seri Saifuddin Nasution Ismail said the prime minister took some time to fulfil his election promises due to the challenging economic conditions when he first assumed office.
"He inherited a country grappling with ballooning national debt, high inflation, rising unemployment, and relatively low foreign direct investment (FDI).
"As such, he needed time to address these issues, which is why he could not deliver on his promises sooner.
"But now, with inflation at 1.5 per cent, FDI at a record high and the ringgit strengthening against the US dollar, the strong economic indicators have created the right environment for him to now give back to the people.
"He ensured that recovery came first. Only then could he begin delivering these much-anticipated benefits to the people," he said when met at the Parliament building.
He said this when asked to comment on the announcement made by the prime minister earlier today.
He added that Anwar's approach was marked by fiscal discipline, anti-corruption efforts, and strict control over public spending.
"The prime minister is committed to curbing leakages, avoiding wastage, ensuring there is no overspending, and, most importantly, not tolerating any form of corruption. The goal has always been to restore the country's financial position," Saifuddin said.
Among the key initiatives announced by the prime minister today were one-off RM100 cash aid for all adult citizens via their MyKad under the Sumbangan Asas Rahmah (Sara) programme, which will be implemented for the first time; maintaining current toll rates; expanding Jualan Rahmah Madani; and RON95 petrol price to be lowered to RM1.99 per litre.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


New Straits Times
21 minutes ago
- New Straits Times
Malaysia to roll out regulatory reforms, other measures following US tariff deal
KUALA LUMPUR: Malaysia will roll out three key follow-up actions — an exporter outreach programme, regulatory reform and a nationwide supply chain mapping initiative — following the recent tariff renegotiation agreement with the United States which reduced tariffs on Malaysian goods from 25 per cent to 19 per cent. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said the agreement, effective Aug 1, was achieved after "months of intense but thorough as well as methodical negotiations". "Most importantly, we achieved this without conceding on our red lines in key areas," he said in his keynote address at The Edge Malaysia Centurion Club Awards 2025 here today. Tengku Zafrul said those red lines included foreign equity limits in strategic sectors, legal safeguards in digital companies, halal standards and many other areas. But the key point, he added, is that the negotiation package was a all-of-nation offer, not just the government, but all (Malaysians and Malaysian companies). With the tariff deal in effect, Tengku Zafrul said the government is focusing on three key areas, starting with an outreach programme to support industry players and exporters. "Some of you in this room may be impacted, but again we will engage the whole exporters' ecosystem — not just the multinationals, but all the small and medium enterprises that are supporting the major exporters," he said. Secondly, he said the government aims to accelerate industrial reforms by cutting bureaucracy and reviewing regulations to eliminate overlaps, outdated provisions and irrelevant processes. "Thirdly, we need to strengthen the resilience of our supply chain by fortifying specific industries' role in the global supply chain," he said. Tengku Zafrul said Malaysia is making good progress on a supply chain mapping project, which aims to identify every player involved in the economic activities of key industrial sectors. Meanwhile, he said Malaysia's mid-cap companies — defined as listed companies with a market capitalisation of between RM100 million and RM1 billion — remain critical to the country's growth ambition under the New Industrial Master Plan (NIMP) 2030. "For me and for our ministry, we view this award such as Centurion as one of the private sector's contributions to Malaysia's journey towards becoming a high-income, sustainable and globally competitive nation. "As of March 31, there are 519 such Centurions. And this speaks volumes about the vibrancy of Malaysia's mid-cap sector — a sector that is equally critical to our national economic aspirations," he said.


Malaysiakini
3 hours ago
- Malaysiakini
Dr M: Where does 'the amazing liar' get his facts and figures?
Dr Mahathir Mohamad has lashed out at Prime Minister Anwar Ibrahim for suggesting that his sons return their wealth to the government if it was obtained through dubious or illegitimate means. Labelling Anwar 'the amazing liar', the former prime minister took aim at his successor's claim that his sons Mokhzani and Mirzan are worth 'RM1.2 billion and RM4 billion'.
![News@9: Today's top headlines - August 5, 2025 [WATCH]](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fimages%2Farticles%2Fzdfgdfgrree_1754398815.jpg&w=3840&q=100)
![News@9: Today's top headlines - August 5, 2025 [WATCH]](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fassets%2FNST-Logo%402x.png%3Fid%3Db37a17055cb1ffea01f5&w=48&q=75)
New Straits Times
3 hours ago
- New Straits Times
News@9: Today's top headlines - August 5, 2025 [WATCH]
Here are tonight's top stories. Debt under control Prime Minister Datuk Seri Anwar Ibrahim defends the government's borrowing plan — saying loans go to development, not daily operations. EPF payout change The government is mulling a shift from lump-sum Employees Provident Fund withdrawals to monthly pension-style payments, as part of efforts to protect retirement savings. Zayn case verdict The Sessions Court will deliver its decision on Oct 31 in the child neglect case of Zayn Rayyan's mother. The defence closed its case today after its final witness took the stand. Police bribe arrest Malaysian Anti-Corruption Commission arrests a policeman accused of taking RM3,500 from a foreigner to speed up a quarrel probe. He's the tenth officer in Pahang arrested in bribery cases this week. That's all for News@9.