Auto Added by WPeMatico
THE government should postpone its plans to introduce RON95 subsidy rationalisation and the proposal to increase electricity tariffs amid the uncertainty in the global economy, says opposition chief Datuk Seri Hamzah Zainudin.
The Larut MP said the government should also defer the purchase of 30 Boeing aircraft by Malaysia Aviation Group (MAG).
“The rationalisation of RON95 subsidies in June this year should be put on hold and if possible, let’s delay the hike in electricity tariffs.
“In an uncertain economic situation, we should also postpone the purchase of 30 Boeing planes. That is our request here,” he said in his speech at the special Parliament sitting to discuss the impact of US tariffs.
The targeted RON95 subsidy was scheduled to be implemented this June while the hike in electricity tariffs is set to begin in July.
In a related matter Hamzah also said the task force, if formed, should include representatives from state governments.
“It was done in 2016 to review the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP),” said Hamzah.
The Bersatu deputy president also stressed the importance of maintaining neutrality as the trade war between the United States and China intensifies.
“We should not be seen as siding towards one country,” added Hamzah.
In a special parliamentary sitting today, Prime Minister Datuk Seri Anwar Ibrahim announced measures including a RM1 billion in financial guarantees to support local SMEs against the impact of US tariffs.
In April 2025, the Trump administration imposed a 24% “reciprocal” tariff on Malaysian imports to the United States, as part of a broader “Liberation Day” trade policy that also included a universal 10 per cent tariff on most imports from other countries.
This is currently on a 90-day pause, with the universal rate being imposed. — TMR
RELATED ARTICLES
Wednesday, April 6, 2022
Ongoing conflict may lead Malaysia to diversify import mix
Thursday, April 14, 2022
Enforcement against foreign-registered vehicles filling subsidised petrol intensifies
Friday, April 19, 2019
Fuel prices: RON97 up 12 sen, RON95 and diesel unchanged
Friday, January 25, 2019
Petrol prices unchanged, diesel up 1 sen
Wednesday, November 30, 2022
RON97 drops 10 sen, RON95 and diesel unchanged
Friday, March 20, 2020
Big drop in RON95, RON97, diesel prices: MOF
The post Opposition Chief calls govt to postpone RON95 subsidy rationalisation amidst global economic uncertainty appeared first on The Malaysian Reserve.
