Malaysia has achieved a major milestone with hardcore poverty almost eradicated, recording a rate of 0.09 percent based on the 2024 Household Income and Expenditure Survey (Hies) announced today, compared with 0.2 percent in 2022.

Finance Minister II Amir Hamzah Azizan, who is also serving as the economy minister, said the achievement reflects the effectiveness of various initiatives to boost people’s income, empower urban communities, and enhance public well-being, which will continue to be pursued by the government.