KUCHING: A more holistic approach may be necessary to tackle the rising cost of living, as well as to curb the steady increase in the prices of goods, says political analyst Dr Lee Kuok Tiung.
He noted that the recent RM100 one-off aid announced for university students and low-income groups is helpful, but not a long-term solution.
“This aid is undoubtedly appreciated by certain groups and undoubtedly something very meaningful. However, to address the rising cost of living, a more holistic approach may be necessary to control the increase in the prices of goods,” Dr Lee said.
He said this when contacted today (July 23), responding to a recent announcement made by Prime Minister Datuk Seri Anwar Ibrahim during the special message themed ‘Penghargaan Untuk Rakyat Malaysia’.
He added that the recent drop in RON95 petrol prices, though unlikely to reduce the cost of goods across the board, does provide some relief for vehicle users.
“It does have a direct impact on vehicle users, especially considering that each time fuel is pumped, it usually involves filling a full tank—meaning a significant number of litres,” he said.
Dr Lee also highlighted that whether the initiatives announced by the government will gain public support remains uncertain, as public sentiment is complex and not always driven by short-term financial incentives.
“Whether the initiatives announced by the government today will receive public support is subjective, as there will certainly be those who feel no obligation to reciprocate these government measures with political support for the current administration.
“What is most crucial is the continued effort to address the pressure of the rising cost of living, which is influenced by current developments in both the domestic and international economy,” he said.
In addition, Dr Lee commented on the recent announcement of an extra public holiday on Sept 15, which falls on a Monday, saying it appears designed to provide working Malaysians, especially civil servants, with the opportunity to plan longer breaks or return to their hometowns.
He also said that the RM100 assistance, while helpful in easing some burdens, will also have implications on the government’s fiscal balance and may not translate into sustained political support in either the short or long term.
