Malaysia’s Anwar announces cash handouts in bid to ease living costs | Business and Economy News

Malaysian leader also says petrol prices will be cut and highway toll rates frozen to address cost of living concerns.

Malaysian Prime Minister Anwar Ibrahim has announced a package of measures aimed at easing the cost of living, including a 100 ringgit ($24) cash handout for all adult citizens.

In a televised address on Wednesday, Anwar said the assistance would benefit 22 million Malaysians and be redeemable at more than 4,000 stores from August 31 to December 31.

Anwar said the…