In an announcement issued on February 11, the Prime Minister’s Office said the main target of the council establishment is to promote economic growth and equitable distribution of wealth.

Prime Minister Mahathir Mohamad. (Source: The Straits Times)

It will also look into issues related to the cost of living, employment, poverty and home ownership.

The council was formed to respond and act upon the people’s feedback about the problems they face, particularly in the economic field.

It consists of ministers of economy, finance, international trade and industry as well as economists and leaders of major Malaysian businesses.

Source: VNA