Malaysia is facing a serious problem with subsidised diesel leakages, with a possibility of ineligible parties still enjoying the subsidy, according to finance minister II Datuk Seri Amir Hamzah Azizan. Citing the example of subsidised …
Malaysia is facing a serious problem with subsidised diesel leakages, with a possibility of ineligible parties still enjoying the subsidy, according to finance minister II Datuk Seri Amir Hamzah Azizan.
“When you buy diesel from a petrol station, you pay RM2.15 per litre, but if you’re in a company and not eligible for a diesel subsidy, you have to pay around RM3.48 per litre at the commercial rate, so the difference is significant,” he said.reports. “We need to stop this mismanagement. We need to deal with the loopholes in terms of this leakage, of money being paid for companies that should not receive subsidies.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Malaysia Airlines' decline blamed on 1972 decision, says Malaysia Aviation Group MDThe Malaysia Aviation Group managing director said the 1972 decision set up MAS to fail on the very first day. Malaysia Aviation Group managing director Izham Ismail said Malaysia Airlines is currently reinvesting in hardware such as seats and upgrading its in-flight dining and cabin services.
Read more »
MG Malaysia Announces Release of MG ZS EV in MalaysiaMG Malaysia reveals the release of the MG ZS EV in Malaysia, with one variant and an estimated price tag. The ZS EV comes in four different colours and has a 130kW electric motor.
Read more »
Ewon says appointed to help Fadillah on Sabah's MA63 affairsTuaran: Entrepreneur Development and Cooperatives Minister Datuk Ewon Benedick said he has been appointed to assist Deputy Prime Minister Datuk Seri Fadillah Yusof in Sabah's Malaysia Agreement 1963 affairs.
Read more »
Finance Minister raises concerns over subsidised diesel leakagesThe country is facing a serious problem with subsidised diesel leakages, with a possibility of ineligible parties still enjoying the subsidy, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
Read more »
Aina Abdul, Ernie Zakri anggap Amir Jahari pencabar terdekatAina Abdul, Ernie Zakri anggap Amir Jahari pencabar terdekat
Read more »
Major Australian companies express interest in investing in MalaysiaMajor Australian companies have shown interest in investing up to RM24.5bil in Malaysia, including expanding existing investments, says Prime Minister Datuk Seri Anwar Ibrahim.
Read more »