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Malaysia has temporarily adjusted its Budi95 RON95 fuel subsidy quota to 200 litres per month, down from 300 litres, while Prime Minister Anwar Ibrahim also announced flexi-work arrangements for civil servants and urged the private sector to follow suit.
Malaysia's government is now bearing an estimated RM4 billion a month in petrol and diesel subsidies under the BUDI95 and BUDI Diesel programmes.
Malaysia's Ministry of Finance announced it will block the cards of individuals found to be abusing the Budi95 subsidised fuel program, aiming to curb misuse.
Malaysian Prime Minister Anwar Ibrahim announced that the government will strive to maintain the price of RON95 petrol under the Budi95 initiative, despite rising tensions in the Middle East.
The Middle East conflict continues to drive global economic concerns, with Europe bracing for a supply crunch and price shock, Euro zone consumers turning gloomier, and developing Asia and Pacific facing potential inflation hikes. European shares and global stocks and bonds have slid as the crisis pushes oil prices above $105, exacerbating a war-fuelled energy crisis felt across various sectors and regions.
Malaysian Prime Minister Anwar Ibrahim announced that the ceiling limit for e-hailing and gig workers will be retained under the Budi95 program.
Several Malaysians have been banned from the Budi95 fuel subsidy program after being caught filling up containers in their car boots, violating the program's terms.
Malaysia's Road Transport Department (JPJ) announced that holders of Malaysian Driving Licenses (LMM) that have been expired for more than 36 months are automatically disqualified from the BUDI95 program.
Lawyers representing Hindu mother M. Indira Gandhi have raised concerns that the Budi95 petrol subsidy account belonging to her ex-husband remains active, questioning why it has not been suspended.
KUALA LUMPUR, March 12 — Amid a global energy crunch triggered by the escalating conflict in Iran, the Ministry of...