Malaysia to distribute nearly $400 million in cash aid amid rising prices

KUALA LUMPUR (Reuters) – Malaysian Prime Minister Ismail Sabri Yaakob on Wednesday said the government would distribute 1.74 billion ringgit ($395.19 million) to low-income households from this month amid rising living and food costs.

Malaysia may also increase subsidies for cooking oil from the planned 4 billion ringgit this year, Ismail Sabri said in a televised address.

($1 = 4.4030 ringgit)

(Reporting by Rozanna Latiff and Mei Mei Chu; Editing by Martin Petty)

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