JOHOR BAHRU, June 19 – Prime Minister Anwar Ibrahim is set to unveil policies and significant measures undertaken by the government to tackle various economic issues, including the depreciation of the ringgit and challenges in the national stock market. The announcement will take place during the Prime Minister’s visit to the Securities Commission later today. Deputy Minister of Finance 1, Datuk Seri Ahmad Maslan, confirmed that the Prime Minister will address these economic concerns during his visit to the Securities Commission at noon this month.
“Let the esteemed Prime Minister make the announcement on these important matters. It is expected that he will discuss economic issues during his visit,” Ahmad Maslan stated when questioned about the government’s strategies to combat the declining value of the ringgit and the state of the national stock market. He shared this information during a press conference held after visiting Wisma Bank Simpanan Nasional (BSN) Johor on Jalan Abdullah Ibrahim in Johor Bahru on Sunday.
Accompanying Ahmad Maslan were Johor BSN Director Mohamad Zulkarnain Ismail and Pulai Sebatang State Assembly Member Hasrunizah Hassan. Currently, the exchange rate of the ringgit against the US dollar stands at RM4.6 for US$1. Furthermore, Ahmad Maslan announced that Phase 3 of the Compassion Cash Contribution (STR) will commence with disbursements to 8.4 million recipients, involving an allocation of RM2.14 billion ahead of Hari Raya Aidiladha, which is expected to be celebrated on June 29.
He also revealed that e-Cash donations of RM200 will be provided to youth aged 18 to 21 in the third week of June. Regarding STR appeals, Ahmad Maslan informed that they can be submitted at the Inland Revenue Board (LHDN) counters or online starting from July 1.
