Power Markets
Malaysia PM announces new steps to combat rising living costs
Malaysian Prime Minister Anwar Ibrahim announced on Wednesday new measures in response to the growing discontent of the public about rising living costs. These included a cash gift for all adults and a pledge to lower fuel prices. Anwar was asked to resign by protesters who planned to demonstrate in Kuala Lumpur, Malaysia's capital, on Saturday. They were concerned about the escalating price of goods and services, as well as the failure to implement promised reforms. Anwar's government has implemented a number measures this year to boost revenue. These include a minimum-wage hike, higher electricity tariffs for heavy users of...