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BNM: Government Could Roll Back Some Fuel Subsidies.

BNM
GlobalEM BulletBulletAPACRegionEmerging Market News
  • Ahead of today’s GDP release, news broke over the weekend that the Government is contemplating changes fuel subsidy policies.
  • Reports suggest that the government will roll out a tiered system where the highest income earners will pay market rates for fuel whilst the rest of the population retain the subsidies.
  • Details of how this would be implemented remain scarce.
  • This is a politically sensitive policy long held as a needed reform.
  • It is likely that given the strength of the Malaysian economy, this is an opportune time to attempt such a change.
  • Malaysia’s economy has had an enviable period in 2024 with inflation moderating and market consensus today that third quarter GDP should expand 5.2%. 
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  • Ahead of today’s GDP release, news broke over the weekend that the Government is contemplating changes fuel subsidy policies.
  • Reports suggest that the government will roll out a tiered system where the highest income earners will pay market rates for fuel whilst the rest of the population retain the subsidies.
  • Details of how this would be implemented remain scarce.
  • This is a politically sensitive policy long held as a needed reform.
  • It is likely that given the strength of the Malaysian economy, this is an opportune time to attempt such a change.
  • Malaysia’s economy has had an enviable period in 2024 with inflation moderating and market consensus today that third quarter GDP should expand 5.2%.