KUALA LUMPUR, Feb 22 — The Ministry of Economy will launch a “Rakyat Income Initiative” this Sunday to try and raise earnings for lower-income groups to mitigate the effects of a slowing global economy, said Rafizi Ramli.
Rafizi said this required pre-emptive action to cushion Malaysia’s B40 household against the potential fallout, such as the initiative his ministry will launch on Feb 26. “And the government is aware that we need to be fully prepared to face this challenging economic environment,” said Rafizi in a statement released today.
Source: News Formal (newsformal.com)
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