Mahathir chairs first meeting of Economic Action Council
Published on: Thursday, March 21, 2019
By: Bernama
PUTRAJAYA: The first meeting of the Economic Action Council (EAC), chaired by Minister Tun Dr Mahathir Mohamad, started at 6pm at Perdana Petra here Wednesday.
The meeting is to deliberate on three working papers, two on efforts to address the rising cost of living, that will be tabled by the Economic Affairs and Domestic Trade and Consumerism Affairs ministries.
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The Economic Affairs Ministry will also be tabling a paper on the setting up of the B40 Facilitation Fund which will use social entrepreneurship as the platform to raise the living standard of B40 households (B40 refers to the 40 per cent of the population who are in the lower income bracket).
The setting up the EAC was announced by the Prime Minister’s Office on Feb 11 to zero in and make decisions on economic and financial matters as well as on welfare of the people.
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