Malaysia

Wealth hoarding culture must end immediately – PM Anwar

Prime Minister Anwar Ibrahim says reclaiming billions looted by political and corporate elites is key to safeguarding the nation’s future

Updated 1 year ago · Published on 14 Jun 2025 3:10PM

Wealth hoarding culture must end immediately – PM Anwar
“How can a nation allow tens of billions to be hoarded by a few political and corporate figures and then simply forget about it?” - June 14, 2025

PRIME MINISTER Datuk Seri Anwar Ibrahim has called for an immediate end to the culture of hoarding national wealth by political and corporate elites, asserting that such practices threaten the country’s stability and betray the people’s trust.

"How can a nation allow tens of billions to be hoarded by a few political and corporate figures and then simply forget about it? Where is the lesson in that? What does power mean, then?" he said.

Speaking at the National Journalists Day (HAWANA) 2025 main event at the World Trade Centre Kuala Lumpur, Anwar emphasised that his focus is not on imprisonment but on recovering public funds.

"I'm not interested in jailing people; I want to seize back that money so it can be returned to the people," he declared.

Anwar stressed that the core issue requiring urgent attention is the country’s financial governance. Only by resolving this, he said, can the government begin discussing increased allocations and improvements in key public services.

"The root issue is that this country will only be safe if we resolve the fundamental matter of national financial management. Only then can we talk about additional allocations, improving school standards," he said. - June 14, 2025

Spotlight

Off beat

Afdlin Shauki, family trapped for five hours amid Paris unrest

Malaysia

10 former Negeri Excos file application in Federal Court to challenge revocation of appointments

Malaysia

Perlis MB Abu Bakar suspended from Bersatu for two election terms

Malaysia

Shuhaily says public support gives him strength as he faces two charges

Malaysia

Mohd Shuhaily pleads not guilty to assaulting 2 cops

Places

Penang makes National Geographic list of top 25 cities worldwide to visit

By Ian McIntyre

Malaysia

Two held after 16-year-old girl rescued in suspected sex exploitation case

Malaysia

Takiyuddin blames Bersatu for PN deregistration

Malaysia

Interpol issues Red Notice for Serba Dinamik CEO, Anwar says

You may be interested

Malaysia

PN faces deregistration after RoS rejects its appeal to retain status

Malaysia

Woman’s RM4,000 childbirth bill drops to RM130 with blood donor benefits

Malaysia

Teacher injured in attempt to disarm student carrying sharp object at Kuching school

Malaysia

UM student defends her position, does not see any need to apologise

Malaysia

AKPS chief Mohd Shuhaily to be charged over alleged assault on two policemen

Malaysia

Amirudin: Selangor-Bersatu cooperation to proceed despite PN deregistration

Malaysia

Akmal to sell beloved motorcycle, tilapia to pay RM300,000 to Teresa Kok

By Alfian Z.M. Tahir

Malaysia

Former Temerloh police chief jailed eight months for receiving RM69,600 in bribes