Tag: fuel subsidies
Continued subsidies will only portray an artificially low cost of fuel and lead to more road congestion and carbon emission.
Economist Yeah Kim Leng says pegging fuel prices will likely cushion any inflationary pressure until the government decides to change the policy.
Finance Minister agrees there will be a funding gap with the scrapping of the GST but that the government is working to diversify its revenue base, cut wastage and get the private sector to spur growth.
A look at what countries across Southeast Asia are doing to tame rising prices.
He says Pakatan Harapan will deliver on promises, after Moody's ratings agency cautioned against removing GST and reintroducting fuel subsidies.
G25 welcomes PH's emphasis on good governance but warns against the pact's stand on abolishing GST, backtracking on tolls and reinstating fuel subsidies.
People don't travel less because petrol costs more or roads are tolled
Finance ministry says whatever measures it decides to adopt will not burden the people.
Irwan Serigar Abdullah says this is in spite of the fuel price mechanism that was introduced a few years back.
Prominent economist Jomo Kwame Sundaram and DM Analytics chief economist Muhammed Abdul Khalid say it is better to focus on making public transportation more attractive.