By Danni Haizal Danial Donald
KUALA LUMPUR, March 27 (Bernama) -- The ringgit opened higher for the fourth consecutive day as the Malaysian government adopts a pragmatic approach to fuel subsidies by balancing between fiscal discipline and cost-of-living concerns amid West Asia tensions.
PUTRAJAYA, March 26 (Bernama) -- The government is bearing petrol and diesel subsidies estimated at up to RM4 billion a month under the implementation of the BUDI MADANI RON95 (BUDI95) and BUDI Diesel programmes, following the rise in global crude oil prices.
By Mikhail Raj Abdullah
KUALA LUMPUR, March 26 (Bernama) -- Malaysians should accept the government’s temporary adjustment of the monthly subsidised BUDI95 quota to 200 litres from 300 litres per month effective April, as a reasonable step to reduce fuel subsidy spending and one that is necessary due to escalating crude oil prices.
By Durratul Ain Ahmad Fuad
KUALA LUMPUR, March 26 (Bernama) -- The Malaysian government, under Prime Minister Datuk Seri Anwar Ibrahim’s leadership, is seen to be handling the current surge in oil prices wisely through various measures despite the West Asia conflict entering its fourth week with no signs of easing.
KUALA LUMPUR, March 20 (Bernama) -- Recent increases in unsubsidised fuel prices in Malaysia reflect rising global oil prices, according to an analyst.
KUALA LUMPUR, March 17 (Bernama) — The government's commitment to fiscal policy reforms over the past few years is bearing fruit, affording it room to adopt a wait-and-see approach amid the conflict in West Asia, according to OCBC Research Group.
By Karina Imran
KUALA LUMPUR, March 15 (Bernama) -- Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said policymakers are likely to assess the situation before raising interest rates to contain inflation resulting from the impact of the conflict in West Asia and surging oil prices.
By Siti Radziah Hamzah
KUALA LUMPUR, March 14 (Bernama) -- The adjustment of fuel prices under the Automatic Pricing Mechanism (APM) is a critical tool to manage volatility in global oil markets and ensure a stable, continuous fuel supply in Malaysia, BHPetrol said.
KUALA LUMPUR, March 13 (Bernama) -- Bursa Malaysia remained lower at midday, falling below the 1,700 psychological level, in line with the weaker performance of most regional peers amid dented sentiment following a surge in crude oil prices, with Brent crude hovering above US$100 per barrel at noon.
KUALA LUMPUR, March 13 (Bernama) -- The government will ensure citizens continue to receive assistance through targeted RON95 subsidies under the BUDI95 initiative, while keeping petrol and diesel prices unchanged despite the rise in fuel subsidy spending, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
KUALA LUMPUR, March 11 (Bernama) -- The MADANI Government is maintaining the price of RON95 fuel under the BUDI95 initiative at RM1.99 per litre, even though the pump prices of RON95 petrol and diesel have increased following the rise in global oil prices.
KUALA LUMPUR, March 10 (Bernama) -- Malaysia’s status as an oil producer, along with the income generated from the sector, helps the government protect the public from the impact of rising energy prices, said the chairman of the Malaysian Investment Development Authority (MIDA), Tengku Datuk Seri Zafrul Abdul Aziz.
