
Cabinet approves revised subsidy framework ahead of Budget tabling
The targeted mechanism narrows eligibility to households below the national median income and will be rolled out across three quarters, beginning with fuel.
Ringgit steadies as central bank holds overnight policy rate at 3.00pc

The targeted mechanism narrows eligibility to households below the national median income and will be rolled out across three quarters, beginning with fuel.
Editors' selection

Policymakers cited contained core inflation and steady external demand in a unanimous decision.
Three operators have committed to new lines through 2027, according to state investment filings.

The expansion follows a review of response times during last season's east coast floods.

Cross-border electricity trading could begin in phases from the second half of next year.
Context and interpretation
Targeting is the easy half of the problem. The harder half is a payments and eligibility system that reaches households with irregular income, no fixed address and limited digital access — the exact group the framework claims to protect. Three earlier attempts stalled at that step.
A decade of bilateral interconnections is starting to behave like a single market. What is still missing is a settlement mechanism neutral enough for every member state to trust it during a supply shock.
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