KUALA LUMPUR - Malaysian Prime Minister Anwar Ibrahim unveiled new ministerial appointments on Tuesday as part of a cabinet reshuffle.

In a televised address, Anwar, who is also the finance minister, said the move is to make adjustments to better deliver on promised reforms and to mitigate various socio-economic concerns, including the cost of living.

READ MORE: Malaysia PM makes multiple changes in cabinet reshuffle

Some existing ministers were reassigned to other portfolios, while new members were introduced. Key appointments include Economy Minister Akmal Nasir, Investment, Trade and Industry Minister Johari Ghani, Human Resources Minister R Ramanan and Entrepreneur and Cooperatives Development Minister Steven Sim Chee Keong.