Chamber Calls For Gradual Subsidy Reforms





Subsidy reforms must be done gradually to prevent a big shock to consumers and businesses, said Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) president Low Kian Chuan.
He said such reforms need to be carefully planned and transparently executed to minimise “inclusion and exclusion” errors and improve enforcement, making them more effective.
“Small price increases are easier to swallow and allow the people and businesses to adapt to the new price situation over time,” he said in a statement today.
He noted that over time, the fuel and energy subsidy rationalisation would compel small and medium enterprises (SMEs) to look for alternative and cleaner sources of energy to optimise their operating costs and maintain competitiveness.
“The government can provide tax incentives for SMEs to adopt renewable energy sources and energy-efficient technologies to help reduce reliance on fossil fuels, easing the impact of fuel price fluctuations," he said.
On that note, ACCCIM opined that a targeted diesel subsidy rationalisation is a step in the right direction to ensure fiscal and debt sustainability and encourage environmentally sustainable practices.
The chambers said the rationalisation not only helps to reduce the fiscal deficit but also benefits the economy as the subsidy savings - estimated to be at RM4 billion - can be rechannelled to productive sectors such as healthcare, education and public transportation as well as elderly care community services.
“We welcome the continued subsidies for public and goods transport vehicles to help minimise the impact on inflation and business costs.
“Additionally, the RM200 monthly cash aid for eligible individuals will help mitigate the cascading effects of cost pass-through onto households,” it said.
- Bernama


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2024/05/chamber-calls-for-gradual-subsidy.html

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Economists Tell Why Malaysia Urgently Needs Subsidy Reforms

Economists Tell Why Malaysia Urgently Needs Subsidy Reforms

papar berkaitan - pada 3/6/2024 - jumlah : 77 hits
Prime Minister Anwar Ibrahim recently said that the targeted diesel subsidies for Peninsular Malaysia would save the government about RM4 billion a year PETALING JAYA Malaysia urgently needs to implement subsidy reforms particularly for die...
Diesel Subsidy Application For Vehicle Owners Opens Tomorrow

Diesel Subsidy Application For Vehicle Owners Opens Tomorrow

papar berkaitan - pada 28/5/2024 - jumlah : 100 hits
Starting tomorrow diesel vehicle owners in Peninsular Malaysia from the B40 and M40 groups can apply for subsidies from the Budi Madani Subsidy Aid Programme In a statement on Facebook the Finance Ministry said eligible recipients will rece...
Pn Leader Dismiss Zaid S Calls For Hadi Muhyiddin To Step Down

Pn Leader Dismiss Zaid S Calls For Hadi Muhyiddin To Step Down

papar berkaitan - pada 15/5/2024 - jumlah : 81 hits
The situation remains the same The inclination of Malay and young voters towards Pakatan Harapan is still significantly declining It has never recovered A Pas leader has dismissed suggestions for Tan Sri Abdul Hadi Awang and Tan Sri Muhyidd...
At Bersih Congress Civil Society Leaders Berate Govt For Delaying Key Reforms

At Bersih Congress Civil Society Leaders Berate Govt For Delaying Key Reforms

papar berkaitan - pada 25/5/2024 - jumlah : 122 hits
Former Bersih leader Datuk S Ambiga criticised the unity government today for delaying crucial reforms reminding its leaders of their past commitment to Bersih s struggle for institutional change when they were in the Opposition Ambiga high...
Sabah Cabinet To Discuss Calls For Sabah Ag To Resign

Sabah Cabinet To Discuss Calls For Sabah Ag To Resign

papar berkaitan - pada 21/5/2024 - jumlah : 83 hits
Sabah deputy chief minister Jeffrey Kitingan urged the people to wait for the state Cabinet to make a decision on the matter PETALING JAYA Sabah deputy chief minister Jeffrey Kitingan says the Sabah Cabinet will discuss calls for the state ...
Semak Samada Blog Eligible For Rich Results

Semak Samada Blog Eligible For Rich Results

papar berkaitan - pada 21/5/2024 - jumlah : 64 hits
Anda tahu mengenai Rich Results Test yang disediakan oleh Jika anda tak tahu anda patut gunakan sekarang untuk menyemak sekiranya blog atau laman web anda lulus atau dengan kata lain eligible for rich results Oopps apakah dia Rich Results n...
Macc Detains Two In Sabah Over False Claims For School Equipment

Macc Detains Two In Sabah Over False Claims For School Equipment

papar berkaitan - pada 21/5/2024 - jumlah : 112 hits
The MACC has detained two individuals suspected of being involved in submitting false claims for school equipment worth about RM10 000 that was not purchased The two a woman in her 40s who owns a company and a man in his 50s who is a civil ...
Authorities Must Have Zero Tolerance For Extremism In Malaysia

Authorities Must Have Zero Tolerance For Extremism In Malaysia

papar berkaitan - pada 19/5/2024 - jumlah : 98 hits
From JD LovrenciearThe armed brazen solo attack on our police station that took the lives of two young constables and injured another is totally unacceptable in a multiracial multi religious nation that needs to uphold peace and build harmo...
10 Dash Cam Terbaik Berkualiti Bawah Rm100

Brand With Geography

Biking Through Southern France And History

There Is Historical Basis To Tmj S Unconstitutional Claims Pkr Mp

Sambal Serai Terpengaruh Dengan Tiktoker

Sandwich Goals Elevating Your Lunch Game With Low Carb Bread

Perut Bumi Sarawak Simpan Mineral Bernilai Lebih Rm1 Trilion

Lapan Individu Ambil Masa Lebih Satu Jam Lapah Lembu Sado Satu Tan Di Pekan Semalam



5 Kes Jenayah Melibatkan Kanak Kanak di Malaysia Yang Tak Boleh Kita Lupakan

Biodata Ezra Kairo Penyanyi Gandingan Zubir Khan Dalam Lagu OMK Oh My Kadhale

10 Fakta Biodata Aniq Durar Pelakon Drama Berepisod Dua Darjat Slot Akasia TV3 Gandingan Sharifah Rose

Info Dan Sinopsis Hierarchy Netflix TV Series Kdrama 2024

Info Dan Sinopsis Drama Berepisod Dua Darjat Slot Akasia TV3


Jessica Alba S Legs And Feet In Tights 165

Good Morning

Sebelum Sesuatu

Akhil Al Mikail Pergi Saja Chord

Kesan Rumah Hijau Maksud Punca Impak Dan Usaha Menanganinya

Al Fatihah Sedekahkan Kepada Mereka Yang Masih Hidup Atau Telah Meninggal Dunia