MCA president Datuk Seri Dr Wee Ka Siong has urged the Malaysian government to delay several upcoming policies, including the RON95 petrol subsidy rationalization, a 14.2% electricity tariff hike, the expansion of the Sales and Services Tax (SST), and the removal of egg subsidies, all set to begin in July and August 2025. He warns that these measures, intended to target the top 15% income group (T15), will disproportionately burden the broader population, particularly the most vulnerable, amid rising living costs. Dr Wee highlights global economic pressures, such as U.S. reciprocal tariffs, which could increase raw material costs and reduce Malaysia’s export competitiveness, ultimately driving up local prices. He criticizes the lack of transparency in policy details, such as the RON95 subsidy mechanism and electricity tariff exemptions, and calls for clear explanations and careful timing to avoid overwhelming Malaysians. Dr Wee emphasizes the need for honesty, transparency, and a delay until the economy stabilizes.
Business News
Wee urges delay in RON95 petrol subsidy rationalization and 14.2% electricity tariff hike
Now, we are facing a wave of significant cost of living increases and the most affected group is the common people, especially the most vulnerable. Subsidy, electricity mentioned
Leave a Reply
You must be logged in to post a comment.