Earlier this month, the government announced that ownership of property and luxury vehicles, alongside monthly income, would be among the factors in determining eligibility for the targeted RON 95 fuel subsidy, for which implementation plans …
families in the M40 middle-income group unless the country’s structural economic challenges are fully taken into account before finalising the rationalisation criteria, says an economist.
However, there was the worry that many in the M40 group could be unfairly disadvantaged under the new framework. “This cohort often possesses assets such as a single modest property and a family car. These are not luxuries but necessities for economic participation,” he told the Idham said that with stagnant wages, a rising cost of living and high household indebtedness, it was vital that the rationalisation exercise avoid creating inequities between the genuinely affluent and those merely trying to maintain basic living standards.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Anwar defends RM1.99 RON95 petrol price only for Malaysians, says not discrimination but prioritising citizensMUAR, July 27 — Prime Minister Datuk Seri Anwar Ibrahim today stressed that the subsidised petrol price of RM1.99 per litre for RON95, announced recently, is specifically for...
Read more »
Singaporean criticises those filling up on RON95 in M’siaA Singaporean has gone viral for slamming fellow citizens who cross into Malaysia to pump subsidised RON95 petrol,
Read more »
Johor KPDN investigating Singapore-registered car recently seen fuelling up on RON95 at Iskandar PuteriThe Johor branch of the ministry of domestic trade and cost of living (KPDN) has said it is investigating a Singapore-registered car seen fuelling up on RON 95 at Iskandar Puteri recently. Photos of the …
Read more »
Data from PADU will be used for RON95 subsidy rationalisation mechanism, 30.4m profilesRemember the PADU socio-economic database that was spearheaded by former economy minister Datuk Seri Rafizi Ramli? It wasn’t in vain after all, as data from the Pangkalan Data Utama will be used in the RON95 …
Read more »
Govt Confirms PADU Data To Be Used For RON95 Targeted Subsidy ImplementationTechnology News Malaysia
Read more »
Padu data to be used for RON95 targeted subsidyKoalas spend most of their time in trees — but are in deadly danger when they descend to the ground, new research shows.
Read more »