Malaysia Now Implements Targeted Diesel Subsidies to Boost Economy - Latest Malaysia
Top News

Malaysia Now Implements Targeted Diesel Subsidies to Boost Economy

Prime Minister Anwar Ibrahim announced that Malaysia will adopt targeted diesel subsidies, expected to save RM4 billion annually. This policy applies only to Peninsular Malaysia, acknowledging different conditions in Sabah and Sarawak. 

Targeted Diesel Subsidies to boost economy

The cabinet’s decision aims to impact primarily the affluent and foreigners, while safeguarding the B40 segment through government initiatives. Details will be released by the relevant ministry. 

Subsidies for commercial users and cash assistance for diesel users are planned to prevent adverse effects on the majority. Additionally, the Rahmah Cash Contribution is increased by 25%, benefiting nine million adults.

Follow us on:

Read More News at #latestmalaysia #BusinessNews and #WorldFuture

Photo by Erik Mclean on Unsplash.

Recent Posts

Police now investigating LEAKED images of Zayn Rayyan on Telegram

Police investigate graphic photos of autistic child Zayn Rayyan Abdul Matiin shared on Telegram, urging…

50 mins ago

Kane scores in extra time to help England beat Slovakia

Bellingham's stunning goal and Harry Kane's header secured England's dramatic 2-1 win over Slovakia, advancing…

2 hours ago

Khairy’s video clips on MAHB-Blackrock removed by TikTok

Former Umno leader Khairy Jamaluddin's TikTok videos on Malaysia Airport Holdings Berhad and Blackrock were…

3 hours ago

New: Spain should tackle Georgia without fear

Georgia's Sagnol admires Spain's young stars Yamal and Williams, but focuses on their Euro 2024…

11 hours ago

England-Slovakia: Can the English side show some power now?

Gareth Southgate may start Kobbie Mainoo against Slovakia in the Euro 2024 round of 16,…

12 hours ago

Govt lifts racial barrier for matriculation for all SPM top-scorers

This landmark decision to lift racial barrier, agreed upon by the Cabinet on June 28,…

13 hours ago