Prime Minister Anwar Ibrahim today instructed all government departments to formulate and develop suitable measures to implement targeted subsidies by taking into consideration the interests of the consumers and industries.

In a statement issued after chairing the National Action Council on Cost of Living (NACCOL) meeting today, Anwar said Malaysia must channel bulk subsidies, which also benefit the super-rich and conglomerates, towards supporting the B40, M40 and small business owners who are particularly affected by the rising cost of living.