KUALA LUMPUR – Prime Minister Anwar Ibrahim on Friday unveiled an expanded RM388 billion (S$118 billion) government budget for this year which focused on supporting Malaysias lower-income groups, taxing the wealthy and keeping the national debt in check.
The Pakatan Harapan chief, who is also Finance Minister, is taking advantage of higher government revenue to raise spending, after Malaysias economy performed better than expected last year with economic growth at 8.7 per cent.
Budget 2022 was valued at RM332.1 billion but actual spending, largely due to a record RM80 billion in subsidies resulting from soaring fuel costs, came in at RM395.2 billion. Stripping out the subsidy element expected to be capped at RM64 billion this year, thanks to lower oil prices the governments expenditure this year is set to exceed that of last year.
Some of the expenditure will be channelled towards the lower-income groups in the form of lower personal income taxes, tax incentives for small enterprises and RM8 billion in cash handouts to the poorest 60 per cent.
Datuk Seri Anwar justified the additional spending in the face of global economic uncertainties, warning that despite a strong recovery last year, Malaysias growth has been trending downwards. On a quarter-on-quarter basis, growth was 3.8 per cent, 3.5 per cent, 1.9 per cent and -2.6 per cent across 2022.
As income and wealth is concentrated among the upper classes and wealthy elite, it is appropriate that redistribution is focused on the poor and middle-class, he said.
Fridays Budget was Mr Anwars first since taking office after the general election in November.
Although national polls have already taken place, Budget 2023 is still seen as an election budget because six states are expected to head to the ballot box in July, with about half of Malaysias electorate casting their vote.
The result of this vote will have a huge impact on the stability of Mr Anwars administration, especially if its political partner Umno does not improve on its poor showing in November. The so-called unity government was cobbled together after the election resulted in Malaysias first ever hung Parliament.
So far, government finances appear to be in Mr Anwars favour.
The fiscal deficit was 5.6 per cent of GDP last year, lower than the targeted 6 per cent, thanks to the 8.7 per cent economic growth which exceeded projections of 6.5 to 7 per cent.
A larger economy will also boost government coffers, which means Mr Anwar can still aim to trim the deficit to 5 per cent this year despite his ambitious spending plan and gross domestic product growth expected to moderate to 4.5 per cent this year.
This growth estimate is higher than World Bank and Fitch projections of 4 per cent and Mr Anwar was optimistic that efforts to implement reforms and Budget 2023 measures would see Malaysia surpass his own 4.5 per cent target.
He also added that while revenue estimates of RM291.5 billion for 2023 are lower than the RM294.4 billion collected last year, this is before taking into account additional sources that will be announced in coming weeks. More On This Topic Malaysia to focus on living costs, raising wages as growth slows ahead of looming state polls Malaysian PM Anwar rules out reintroducing GST despite high debt The Premier did not offer more details on these measures but said in his speech that a tax on luxury goods as well as e-cigarettes and vaping would be introduced.
This is on top of a tax hike for 150,000 taxpayers who earn over RM100,000 a year.
He also committed to continue reducing the Budget deficit to 3.2 per cent in 2025, stressing at the start of his speech that his government had inherited debt which is expected to breach RM1.2 trillion this year, or 60 per cent of GDP. Servicing the interest alone would require RM46 billion, or 16 per cent of revenue.
The Premier also focused on corruption and administrative leakages, revealing that RM10 billion in diesel subsidies was misappropriated last year. Meanwhile, RM22 billion in flood mitigation and deals to empower Bumiputera contractors handed out through direct negotiations were reopened for tender bids, with expected savings of RM3 billion.
This is proof of the excesses… that must be stopped if we want the nation to leap forward, he said.
Malaysias fiscal trajectory is closely watched by the marketplace after two years of Covid-19 restrictions, when the government was forced to deepen borrowings to pay for welfare and economic stimulus packages.
Development expenditure will surge this year to RM99 billion including a standard RM2 billion reserve for unforeseen circumstances which was classified under development for the first time from RM71.6 billion in 2022, with the largest segment to be spent on improving transport infrastructure including for urban rail networks, roads and ports. More On This Topic What Anwar needs to do to tackle Malaysia's rising cost of living Malaysias economy a tale of two halves
A larger than expected hike in the energy price cap from October is largely down to higher costs being imposed by the government.
The typical sum households face paying for gas and electricity when using direct debit is to rise by 2% – or £2.93 per month – to £1,755, the energy watchdog Ofgem announced.
The latest bill settlement, covering the final quarter of the year until the next price review takes effect from January, will affect around 20 million households.
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Bills must rise to pay for energy transition
The discount is set to add £15 to the average annual bill.
It will provide £150 in support to 2.7 million extra people this year, bringing the total number of beneficiaries to six million.
The balance is made up from money needed to upgrade the power network.
Tim Jarvis, director general of markets at Ofgem, said: “While there is still more to do, we are seeing signs of a healthier market. There are more people on fixed tariffs saving themselves money, switching is rising as options for consumers increase, and we’ve seen increases in customer satisfaction, alongside a reduction in complaints.
“While today’s change is below inflation, we know customers might not be feeling it in their pockets. There are things you can do though – consider a fixed tariff as this could save more than £200 against the new cap. Paying by direct debit or smart pay as you go could also save you money.
“In the longer term, we will continue to see fluctuations in our energy prices until we are insulated from volatile international gas markets. That’s why we continue to work with government and the sector to diversify our energy mix to reduce the reliance on markets we do not control.”
The looming price cap lift will leave bills around the same sort of level they were in October last year but it will take hold at a time when overall inflation is higher.
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Inflation has gone up again – this explains why
Food price increases, also partly blamed on government measures such as the national insurance contributions hike imposed on employers, have led the main consumer prices index to a current level of 3.8%.
It is predicted to rise to at least 4% in the coming months, further squeezing household budgets.
Ministers argue that efforts to make the UK less reliant on natural gas, through investment in renewable power sources, will help bring down bills in future.
Energy minister Michael Shanks said: “We know that any price rise is a concern for families. Wholesale gas prices remain 75% above their levels before Russia invaded Ukraine. That is the fossil fuel penalty being paid by families, businesses and our economy.
“That is why the only answer for Britain is this government’s mission to get us off the rollercoaster of fossil fuel prices and onto clean, homegrown power we control, to bring down bills for good.
“At the same time, we are determined to take urgent action to support vulnerable families this winter. That includes expanding the £150 Warm Home Discount to 2.7 million more households and stepping up our overhaul of the energy system to increase protections for customers.”
The Anthbot Genie 3000 brings automated mowing tech to your backyard without the need for old-fashioned perimeter wires. It has GPS-grade precision and AI-powered vision, and I got to check out how well it works. With a mix of impressive strengths and a few growing pains, it’s a compelling entrant in the smart‑lawn space worth a closer look.
Setup and specs
There are a few models in the lineup, ranging from $699 to $1,399. I was testing the larger battery version since my parents have some land, and the extra battery makes quicker work of larger plots.
Unboxing the Genie, you’ll find the mower, charging base, RTK GPS station with pole (the mushroom-looking thing), power cables, spare blades, tools, and a quick‑start guide. Unlike some electronics I’ve set up, the quick start guide was actually really well laid out and useful.
The three models in the Genie line:
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600 – up to ~600 m² (0.22 acres)
1000 – up to ~2,000 m² (0.49 acres)
3000 – up to ~3,600 m² (0.89 acres)
The 3000 bumps up the battery to 10 Ah, but they all share the same core specs: a 20 cm (7.9 “) cutting width, adjustable electric deck height (30–70 mm or 1.25 to 2.75 inches), IPX6 waterproofing, and the ability to handle steep slopes, though my Florida testing didn’t exactly put the hill-climbing claims to the test.
Navigation and mapping
This is where the Genie shines. The combo of full‑band RTK GPS plus four AI‑driven cameras enables wire‑free navigation. That means no boundary cables, freeing the mower from the biggest problem with old-fashioned alternatives. Instead, GPS-based boundaries set the limits and your mower is free to do its thing without worrying about a boundary wire breaking one day and your mower making a run for the county line.
Mowing occurs in mostly clean, straight lines, avoiding the chaotic randomness older robot mowers often exhibited. It did seem to have a few areas where it missed on the first run, though it actually went back and got them (mostly), and that got better on subsequent mowing sessions.
Obstacle avoidance is solid. Within its 300° camera field, it claims to detect upwards of 1,000 common objects, sidestepping everything from garden hoses to pets. For me, the occasional potted plant or other obstruction in the yard was pretty easy for the robot to spot.
There are even headlights that seemed quite bright at night (and the very quiet electric mowing meant that it doesn’t disturb anyone when mowing at night).
It’s so cute how it just runs around doing its thing, day or night (though you can program to avoid certain times).
App and smart features
The Genie app is used for setup and lets you define many different mowing zones, draw no‑go zones, tweak cutting height, schedule operations, and monitor battery and progress live, even when you’re away. During setup, I did find that I had to move the mower closer to my router for it to successfully update its firmware, but afterwards it was fine just stealing some signal that leaked out the walls of the house. I guess for the bigger download, it wanted the stronger signal closer to the router.
There are also anti‑theft features, including device‑binding to your Wi‑Fi and account, and a PIN lock so that someone else can’t just take and use your robot. That may be a concern if you live in an area with lots of neighbors, but out in the boonies, I don’t think anyone is looking for robo-mowers.
After nearly 3.5 hours, the robot usually returns to charge, then finishes the second half of the backyard.
Performance and real-world use
The first thing that impressed me about the Genie is how quiet it is. They say it runs at about 58–66 dB, whisper-quiet under normal conditions. You can literally hear the individual grass blades being cut – something I’ve never heard before in all my gasoline-powered mowing years.
The battery seems to last for around 450 to 500 m2 of mowing, or around 3-4 hours, depending on how thick the grass is in that section. Then it returns home to recharge and starts up again where it left off. The mowing width might seem hilariously narrow, just 7.9 inches. But since you’re not actually the one mowing, it doesn’t really matter. My robotic vacuum also has a very narrow vacuum width, but I’m not the one walking around vacuuming, so what do I care? The passes all seem straight and good-looking, so you still get the nice lawn stripes look, though they’re a bit narrower.
The robot performs quite well, and it fulfills my goal which was to make it easier on my 70-year-old parents. It’s not perfect at edging, but if my dad can do 3 minutes of cleaning up along the fence line once in a while instead of an hour of lawn mowing, that’s a major improvement for him.
I don’t know how long these little razor-style blades will last, though they’re pretty cheap and easy to swap out. And I do wish the company made the cable longer between the RTK mushroom and the mower’s base station, so you can get the RTK out a bit further if you need it, but I found a spot that seemed to work for optimal signal for me.
I would say that the Genie 3000 is great for anyone who wants an easy setup process and wire-free operation. There’s no boundary wire to install or to check for breaks. It just works (as long as you have a clear view to the sky for the satellites). But if you’re trying to mow several acres, this little guy probably isn’t the one for you. Anything up to around 3/4 of an acre is where it will shine.
Now I just need to find something that can handle several acres in the pasture behind the backyard…
Sped up 7x, but you get the point.
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The small increase in domestic energy bills announced today confirms that prices have stabilised since the ruinous spikes that followed Russia’s invasion of Ukraine, but remain 40% higher than before the war – around 20% in real terms – with little chance of falling in the medium-term.
Any increase in the annual cost of gas and electricity is unwelcome. But, at 2%, it is so marginal that in practice many consumers will not notice it unless they pay close attention to their consumption.
Regulator Ofgem uses a notional figure for “typical” annual consumption of gas and electricity to capture the impact of price change, which shows a £34 increase to £1,755.
At less than £3 a month it’s a small increase that could be wiped out by a warm week in October, doubled by an early cold snap, and only applies to those households that pay a variable rate for their power.
That number is declining as 37% of customers now take advantage of cheaper fixed rate deals that have returned to the market, as well as direct debit payments, options often not available to those struggling most.
Ofgem’s headline number is useful as a guide but what really counts is how much energy you use, and the cap the regulator applies to the underlying unit prices and standing charges.
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Here the maximum chargeable rate for electricity rises from 25.73p per kWh to 26.35p, while the unit cost of gas actually falls, from 6.33p per kWh to 6.26p. Daily standing charges for both increase however, by a total of 7p.
That increase provides an insight into the factors that will determine prices today and in future.
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Energy price cap rises by 2%
The biggest factor remains the international price of wholesale gas. It was what drove prices north of £4,000 a year after the pipelines to Russia were turned off, and has dragged them back down as Norway and liquid natural gas imported from the US, Australia and Qatar filled the gap.
The long-term solution is to replace reliance on gas with renewable and low-carbon sources of energy but shifting the balance comes with an up-front cost shared by all bill payers. So too is the cost of energy poverty that has soared since 2022.
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Bills must rise to pay for energy transition
This price cap includes an increase to cover “balancing costs”. These are fees typically paid to renewable generators to stop producing electricity because the national grid can’t always handle the transfer of power from Scotland, where the bulk is produced, to the south, where the lion’s share is consumed.
There is also an increase to cover the expansion of the Warm Homes Discount, a £150 payment extended to 2.7 million people by the government during the tortuous process of withdrawing and then partially re-instating the winter fuel payment to pensioners.
And while the unit price of gas has actually fallen, the daily standing charge, which covers the cost of maintaining the gas network, has risen by 4p, somewhat counterintuitively because we are using less.
While warmer weather and greater efficiency of homes means consumption has fallen, the cost of maintaining the network remains, and has to be shared across fewer units of gas. Expect that trend to be magnified as gas use declines but remains essential to maintaining electricity supply at short notice on a grid dominated by renewables.