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Diesel smuggling syndicate: MACC freezes RM36 million in bank accounts

Diesel smuggling syndicate: MACC freezes RM36 million in bank accounts

The syndicate misappropriated diesel for fishermen's associations and engaged in alleged enforcement malpractices.
Thu Aug 29 2024
Diesel price down by 5 sen in Peninsular Malaysia, no change in petrol prices

Diesel price down by 5 sen in Peninsular Malaysia, no change in petrol prices

The prices of RON97 and RON95 petrol will remain unchanged at RM3.47 and RM2.05 per litre respectively from Aug 15 to 21.
Wed Aug 14 2024
Targeted diesel subsidy: Eligible applicants told to register for fleet card immediately

Targeted diesel subsidy: Eligible applicants told to register for fleet card immediately

Fuziah Salleh said KPDN revealed that just over 259,000 out of 410,000 eligible vehicles had applied for a fleet card under the subsidy.
Mon Aug 12 2024
Inflation, economic growth forecasts not affected by targeted subsidy implementation - MoF

Inflation, economic growth forecasts not affected by targeted subsidy implementation - MoF

According to MoF, the official 2024 forecasts for inflation and GDP growth remain at 2.0-3.5 per cent and 4.0-5.0 per cent, respectively.
Wed Jul 31 2024
[COLUMNIST] Subsidy rationalisation, rents and inflation

[COLUMNIST] Subsidy rationalisation, rents and inflation

Constrained business rents are vital to control the cost of doing business and the cost of living.
Thu Jul 04 2024
Targeted fuel subsidy: Decrease in diesel seizures - Armizan

Targeted fuel subsidy: Decrease in diesel seizures - Armizan

Datuk Armizan Mohd Ali said the downtrend is based on comparison during the 20 days before and after implementing targeted diesel subsidy.
Thu Jul 04 2024
MADANI govt remains resolute despite facing criticism for unpopular decisions - PM

MADANI govt remains resolute despite facing criticism for unpopular decisions - PM

Datuk Seri Anwar Ibrahim said it was crucial to strengthen the economy as revenue was wasted and subsidies weren't reaching target groups.
Tue Jul 02 2024
Applications for refunds under SKDS 2.0 open on July 1 - MOF

Applications for refunds under SKDS 2.0 open on July 1 - MOF

The government will begin accepting applications for refunds from recipients of the Subsidised Diesel Control System (SKDS) 2.0 on July 1.
Fri Jun 28 2024
MMEA foils attempt to smuggle 46 barrels of subsidised petrol to the Philippines

MMEA foils attempt to smuggle 46 barrels of subsidised petrol to the Philippines

MMEA seized 46 barrels of subsidised petrol, amounting to 1,150 litres, left on a boat in the waters of Pulai Berhala in Sandakan.
Wed Jun 26 2024
Govt confident of achieving 2024 inflation, GDP targets even with diesel subsidy retargeting

Govt confident of achieving 2024 inflation, GDP targets even with diesel subsidy retargeting

The government is targeting headline inflation of 2.0-3.5 per cent and gross domestic product growth of 4.0-5.0 per cent for this year.
Mon Jun 24 2024
Drop in foreign vehicles refueling with diesel near border

Drop in foreign vehicles refueling with diesel near border

Despite potential profit losses for petrol stations, operators and workers are relieved as it curbs diesel smuggling and misappropriation.
Fri Jun 21 2024
Petrol, diesel prices unchanged until June 26

Petrol, diesel prices unchanged until June 26

MOF said the retail price of diesel in Sabah, Sarawak and Labuan will also remain unchanged at RM2.15 per litre.
Wed Jun 19 2024
Price hikes by S’pore tour agencies show diesel subsidy rationalisation needs to continue - PM

Price hikes by S’pore tour agencies show diesel subsidy rationalisation needs to continue - PM

All tour buses and travel companies from S'pore want to raise prices because they can't get diesel subsidies, said Datuk Seri Anwar Ibrahim.
Tue Jun 18 2024
Diesel subsidy not abolished, gov't still bears RM7 bln in subsidies - PM

Diesel subsidy not abolished, gov't still bears RM7 bln in subsidies - PM

Diesel subsidy rationalisation ensures efficient management to prevent misuse and reach the appropriate groups.
Mon Jun 17 2024
BUDI MADANI proves govt not washing its hands of people's lives

BUDI MADANI proves govt not washing its hands of people's lives

The govt introduced the BUDI MADANI initiative to ensure subsidy allocations target eligible groups and reduce the burden on those in need.
Mon Jun 17 2024
Budget 2025: Record increase in STR, SARA aid initiatives

Budget 2025: Record increase in STR, SARA aid initiatives

The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Fri Oct 18 2024
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar

Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar

The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
Fri Oct 18 2024
What policies to expect from Indonesia's new President Prabowo

What policies to expect from Indonesia's new President Prabowo

Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Fri Oct 18 2024
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS

Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS

The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Fri Oct 18 2024
Israel sends more troops into north Gaza, deepens raid

Israel sends more troops into north Gaza, deepens raid

Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Fri Oct 18 2024
Indonesia ramps up security ahead of Prabowo's inauguration

Indonesia ramps up security ahead of Prabowo's inauguration

Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Fri Oct 18 2024
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods

Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods

Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Fri Oct 18 2024
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM

Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM

Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.
Fri Oct 18 2024
NFOF will be operational in November 2024 with funding of RM1 bil

NFOF will be operational in November 2024 with funding of RM1 bil

PM Anwar Ibrahim said NFOF will support venture capital fund managers to invest in startup companies with RM300 million set aside for 2025.
Fri Oct 18 2024
Minimum wage to increase to RM1,700 effective Feb 1, 2025

Minimum wage to increase to RM1,700 effective Feb 1, 2025

The Progressive Wage Policy would be fully enforced next year with an allocation of RM200 million, benefiting 50,000 workers.
Fri Oct 18 2024