PM Anwar Ibrahim announces Malaysia's govt will not introduce new taxes, instead aiming to implement a fairer targeted subsidy system for fuel.
PM Anwar Ibrahim announced Malaysia's govt won't introduce new taxes but aims to implement a fairer targeted subsidy system. This follows recent targeted diesel subsidies exempting low-income groups like fishermen, smallholders, and taxi drivers. The new system could affect the wealthy, large industries, and foreign nationals, potentially exempting nearly 1 million citizens from the diesel tax.
May 25, 2024
3 Articles