Latest news with #subsidyRationalisation
Malay Mail
4 days ago
- Business
- Malay Mail
PM: Government gives priority to projects that benefit the rakyat
ROME, July 2 — The Madani Government is willing to take hard and sometimes unpopular decisions to ensure development and projects that benefit the rakyat can be implemented, said Prime Minister Datuk Seri Anwar Ibrahim. Anwar, who is here on a three-day working visit, said despite criticism over government's move to implement certain policies such as subsidy rationalisation or tariff, they needed to be carried out for the benefit of the people. 'All governments, all prime ministers in the past talk about taking away subsidies from foreigners, but none took the right action,' he said at the Majlis Ramah Mesra Bersama Diaspora Malaysia here last night. The premier said various actions taken by the government, including subsidies and tax rationalisations were implemented to build more schools, universities and hospitals that will help the masses. During the dinner, Anwar also shared that various programmes and policies are being undertaken by his government to ensure the country remains competitive. 'To our diaspora in Italy, you are our ambassadors and our asset. You have a big role to play in bringing Malayia into the international platform. 'Therefore, I leave a message for you to continue to seize every opportunity and space to strengthen your knowledge, skills and networks in order to contribute back to the homeland, good governance,' he said. Also present at the dinner were Foreign Minister Datuk Seri Mohamad Hasan, Malaysia's Ambassador to Italy Datuk Zahid Rastam, Transport Minister Anthony Loke, Agriculture and Food Security Minister Datuk Seri Mohamad Sabu, Defence Minister Datuk Seri Mohamed Khaled Nordin, and Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz. — Bernama
Malay Mail
26-05-2025
- Business
- Malay Mail
RON95 subsidy rationalisation to begin in second half of 2025, says Amir Hamzah
KUALA LUMPUR, May 26 — The rationalisation of RON95 fuel subsidies will be implemented in the second half of 2025, said Second Finance Minister Datuk Seri Amir Hamzah Azizan. He said the Ministry of Finance (MoF) will continue with the subsidy rationalisation process, but the current focus is on identifying the groups that will be eligible to receive subsidy. 'MoF will proceed with the subsidy rationalisation, but for now, the priority is to ensure that the right recipients are identified. 'Prime Minister Datuk Seri Anwar Ibrahim, together with the Cabinet, is discussing the eligibility threshold for Malaysians, where the qualifying level to receive subsidies will be raised,' he told media after officiating the Malaysian Institute of Accountants (MIA) International Accountants Conference 2025 here today. In addition, he said the government is still considering the use of MyKad as a mechanism for implementing targeted RON95 subsidies. 'Every Malaysian citizen has an IC, and we have already used it under the Sumbangan Asas Rahmah (SARA), which has proven effective. So, for now, the MoF is tightening the system to enable its use in the adjustment of the RON95 subsidy,' he said. Meanwhile, responding to a question on the government's stance regarding industry players' calls to postpone the implementation of the sales and services tax (SST), Amir Hamzah said the government is reviewing and considering feedback from stakeholders. 'The government always takes into account everyone's views. Regarding the SST expansion we are implementing, we have discussed it with all the stakeholders, and whatever feedback we have received has been taken into consideration,' he added.
