KUALA LUMPUR, June 12 (Bernama) -- The Council of Eminent Persons (CEP) will present their proposal on fuel subsidy reforms to Prime Minister Tun Dr Mahathir as soon as this week.
Led by the two-time Finance Minister Tun Daim Zainuddin, who believes that everything must be done on time, the council has so far carried out more than 200 meetings with various heads of agencies, companies and individuals since its inception a month ago, studying various issues particularly on fuel subsidy, toll charges abolition and removal of Goods and Services Tax (GST).
He said they had numerous meetings with relevant stakeholders on the best way to reform the fuel subsidy before deciding on the proposal.
The soft-spoken long-time confidante of Dr Mahathir, once dubbed the "Godfather of Corporate Malaysia", however, declined to elaborate further but pointed out that the fuel subsidy would be a targeted subsidy.
In an exclusive interview with Bernama, Daim, who was once the economic advisor to the government after leaving the Cabinet, said the council was also fully aware of the financial impact on the market from the toll charges abolition.....