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Productivity, not handouts, essential to curb rising cost
Free Malaysia Today
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1/8/2025
Initiatives must include long-term reforms and greater oversight.
Read More:
https://www.freemalaysiatoday.com/category/opinion/2025/01/09/productivity-not-handouts-essential-to-curb-rising-cost/
Laporan Lanjut:
https://www.freemalaysiatoday.com/category/bahasa/pandangan/2025/01/09/produktiviti-bukan-bantuan-kunci-tangani-kenaikan-kos/
Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.
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#FMTNews #Productivity #RisingCosts #Handouts #CashAid
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Transcript
Display full video transcript
00:00
In Malaysia, a surge in food prices and housing costs has stretched household budgets thin,
00:07
leaving many struggling to make ends meet.
00:10
As the cost of living climbs, the question remains, how is the government addressing
00:14
this pressing issue?
00:16
The government has come up with a dual strategy, combining immediate relief measures to ease
00:20
financial burdens and long-term reforms to boost economic mobility.
00:25
On one hand, Puja Jaya has rolled out cash handout programs such as the Sumbangan Tunai
00:29
Rahmat and Sumbangan Asas Rahmat Aid Schemes.
00:33
On the other, the government is also focusing on policies that tie income growth to productivity,
00:38
such as enhancing in-demand skills in the workforce.
00:42
It has allocated RM7.5 billion for TVET programs and introduced a progressive wage policy,
00:48
which encourages businesses to offer competitive wages that reflect skill and performance.
00:53
Additionally, the Green Technology Financing Scheme, designed to lower operational expenditure,
00:58
offers government guarantees and interest rate rebates to companies adopting green technology.
01:03
There are so many more initiatives the government has implemented to boost productivity and
01:08
curb rising costs, but the true test lies in its ability to translate these ambitious
01:12
plans into tangible benefits for the rakyat.
01:16
Atasya Bewst, FMP News.
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1:16
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