The second challenge is Malaysia’s fuel subsidy policy, which makes consumers less inclined to switch to EVs. Malaysia currently heavily subsidizes petrol and diesel, particularly RON95 petrol, widely used by lower-income groups. While the government plans to gradually reduce these subsidies and sh...
The Malaysian government's decision to cut the decades-old diesel subsidy program is "a significant milestone" for the administration of Prime Minister Anwar Ibrahim, as such a move is part of long-term reforms to sustain growth in Southe...
The article reports on the decrease in shares traded in Malaysia and the volatility in shares in India after the reductions in fuel subsidies were made in both countries. The Kuala Lumpur Composite fell by 2.4% to 1223.56 while the Sensitive Index in India rose by 1.6% to 15769.72. India ...
Subsequently, the fuel price for RON 95 has remained unchanged as of 25 September 2024. The price for RON95 has remained unchanged over 2018 as the government had implemented the Automated Pricing Mechanism, but the implementation of the Targeted Diesel Subsidy that has just taken place ...
Malaysia’s fiscal deficits to narrow on the back of planned subsidy rationalisation measures, the phased implementation of which has begun. In July, JP Morgan upgraded its review of the economy, too. It credited the country’s policy reforms, data-centre investments and infrastructure build-up...
Rising inflation and Russia-Ukraine War disruptions coupled with diesel subsidy provision impacting pricing Rising input and output costs, material shortages, and energy and fuel price fluctuations driving rates The oil and gas industry and manufacturing are the major industries contributing to GDP growth...
However, in November 2023, the government highlighted its plans to limit the subsidy on RON-95 grade fuel in the second half of 2024. The move is intended to fill the budget gap that might impact RON-95 consumption. Nevertheless, the demand for petrol in Malaysia is likely to grow in ...
fuel subsidysectoral outputsubsidy removalLarge allocations for fuel subsidies have long put the Government of Malaysia鈧瑂 budget under great strain. Using a computable general equilibrium (CGE) model, this paper evaluates the impact of fuel subsidy rationalization on sectoral output and employment. ...
Malaysia leads region lower on fuel subsidy cut MARKET ROUNDUPKevin Plumberg Reuters
Information Spillover Between Crude Oil and Stock Markets: Evidence from Subsidy Cut for RON95 Fuel Price in Malaysiadoi:10.1177/0972150917731409Oil–stockrelationshipinformationspillovervariancedecompositionbehaviouralfinancegovernment’sannouncementGoAssistant...