Latest news with #rationalisation
Free Malaysia Today
12 hours ago
- Business
- Free Malaysia Today
Targeted RON95 subsidy to be done in stages, says Amir
Finance minister II Amir Hamzah Azizan previously said the subsidy rationalisation would begin in the second half of the year. PETALING JAYA : Putrajaya will implement the targeted RON95 subsidy this year in stages, taking into consideration the best mechanism to avoid burdening Malaysians, says finance minister II Amir Hamzah Azizan. Amir said the government was still in the midst of formulating a suitable system to implement the targeted subsidy, and that it would be tabled to the Cabinet once ready, Berita Harian reported. 'The prime minister has already said the targeted RON95 subsidy will be carried out this year. 'But similar to our approach with the targeted diesel subsidy, we need to ensure that we have the right mechanism to implement it so that we don't burden the rakyat. 'Policy-wise, the prime minister has already said the government will ensure that most Malaysians aren't affected by the (targeted) RON95 subsidy,' the minister was quoted as saying. Amir previously said the subsidy rationalisation would begin in the second half of the year, although no date was specified. Prime Minister Anwar Ibrahim said the cuts would mainly target foreigners and Malaysia's top 5% to 10% of income earners. He said the government's move towards subsidy rationalisation was a critical step to ensure that national resources are effectively channelled to benefit the lower-income group.
Free Malaysia Today
19-05-2025
- Business
- Free Malaysia Today
Treasury to manage rationalisation of RON95 subsidies now, says Rafizi
Economy minister Rafizi Ramli said his ministry has engaged with the Cabinet four times regarding the RON95 fuel subsidy rationalisation plan. PETALING JAYA : The decision on the RON95 fuel subsidy rationalisation plan has been fully handed over to the finance ministry following a Cabinet decision, says economy minister Rafizi Ramli. He said his ministry has engaged with the Cabinet four times regarding the matter and the current position is to await further updates from the finance ministry. 'The finance ministry will manage the entire process for RON95 subsidies after this. 'I think we should wait for their official announcement. It is best to get more details from the ministry,' Bernama reported him as saying after a forum in Kuala Lumpur today. In March, finance minister II Amir Hamzah Azizan was reported as saying the mechanism for the targeted RON95 subsidy was still being fine-tuned. He said the government did not want to make any premature announcements on its implementation and an announcement is expected after the first half of this year.
