Reported about 1 year ago
Malaysia's ruling coalition faced a setback in a by-election in Prime Minister Anwar Ibrahim's home state as opposition Perikatan Nasional won by a larger margin, attributing the loss to fuel subsidy reforms and rising living costs. Diesel prices surged 56% after Malaysia ended blanket subsidies, with plans to do the same for RON95 gasoline to meet budget goals. The defeat, seen as a public rebuke, could hinder the government's subsidy reduction efforts amid economic concerns.
Source: YAHOO