BFM 89.9 - The Business Station’s Post

“If we win today, oil prices will drop tomorrow. I said that in 2008! How do you then relate costs in 2008 with costs in 2024? This is basic economics!" Prime Minister Anwar Ibrahim responds to criticism towards the targeted diesel subsidy initiative.

Sekar Ponnan

Supply Chain Head - Pole Resources Sdn Bhd & Trainer / Consultant on Procurement & Supply Chain topics.

2mo

I support removal of subsidy for long term benefits but the removal should have been done gradually and when all system already in place. A sudden removal which lead to 56% increase in Diesel price surely will attract a lot of knee jerk reactions coupled with huge uncertainties. 1. Many still haven't receive the fleet card despite approval obtained and forced to fill diesel using new price. How long the receipts will last as they fade fast. 2. No one knows how the claims can be made using the receipts 3. Sudden increase in fuel cost by 56% (and unable to use the fleet card to buy at discounted price) will surely lead to many face cash flow problem and out of business soon 4. No guideline why certain type of lorries are not eligible (ie. 10 wheel tipper lorries) even though they also carry raw materials 5. There is going to be quota..how they will be determined is anyone's guess...

I remember my grandma telling me, "Don't lie! Once you start lying, you'll have to keep lying to cover up the first one."

Syafeeq Shukor (MBA)(CMgr CMI UK)

AI Cybersecurity Intelligent Business person

2mo

Wrong advisors in the cabinet

Ravi Mahendra

Business Development | Consulting | Advisory | EY | MISC Bhd | Tanjong plc

2mo

Plugging the leakages and illicit outflows should have been the priority for the government.

Gaby Douglas

Construction Superintendent/Senior Construction Engineer at Wood

2mo

Kenaikan diesel dapat elak kan pencuri subsidi minyak yg buat keuntungan berjuta juta. Hanya keputusan kabinet saja boleh menyelesaikan masalah ini. Harap2 kakitangan kerajaan lebih tegas menjalan kan tugas. Kalau dapat dikesan penyelewangan yang boleh menyebabkan semua rakyat yang tanggung, bertindaklah dengan cekap dan tegas.

Kandaiah Swamy

Head at Offshore Energy Services(M'sia)

2mo

Do you guys think, the price of.goods will not increase? They are burdening Rakyat..simply.

ravin krishnan

Head Human Resource and (Sustainability) Environment Social & Governance

2mo

So far the rhetoric has not matched the performance...the UMNO DNA is too strong ,unable to think,no new ideas....failwd miserably in halting corruption. ..still colluding with thieves to cling to power....

Ikhwan Hafiz, CFP®, IFP

Empowering people to improve their financial issues with personalise financial planning and meeting a purposeful life.

2mo

You have done what needed to be done 👍🏻

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