Malaysia to revamp gasoline subsidies and raise taxes in a bid to narrow deficit

KUALA LUMPUR, Malaysia (AP) — Malaysia will introduce new taxes and revamp gasoline and education subsidies next year as part of aggressive reforms to narrow the country’s fiscal deficit, Prime Minister Anwar Ibrahim said Friday as he unveiled a national budget for 2025. Anwar told Parliament that Malaysia spends some 80 billion ringgit ($18 billion) […]