Sabah gas supply: Experts laud govt’s move to transfer control

February 22, 2023

Dateline 2022-12-22, NST:

Economists believe the government’s decision to transfer full regulatory control of gas supply to the Sabah government signifies a step ahead in efforts to uphold the Malaysia Agreement 1963 (MA63).

This, they said, could also aid Sabah by giving it better knowledge and timely information on the local gas supply and demand conditions, enabling the state to set prices.

Speed up implementation of targeted fuel subsidy: CAP

February 13, 2023

Dateline 2022-12-02, NST:

GEORGE TOWN: The Consumers’ Association of Penang (CAP) has welcomed the government’s announcement of a plan to implement targeted fuel subsidies for those in the Below 40 (B40) group.

CAP president Mohideen Abdul Kader urged the government to speed up the implementation because the war in Ukraine is not likely to end soon.

He said contrary to what some consumers may think, the subsidy came from taxpayers.

“It is, therefore, not advantageous to Malaysia or the people.

From The Engineering Floor – Election Results

November 23, 2022

Almost misspelled results.

So for my constituency, the results are:

Pakatan Harapan – 14,896

Now “Not The Right Time” For Targeted Fuel Subsidies – Tengku Zafrul

November 21, 2022

And I input this, the week of elections.

Dateline 2022-09-08,

For most of 2022 we’ve heard that blanket fuel subsidies will soon be a thing of the past, but so far have not seen many outward facing steps to remove it. According to our Finance Minister, perhaps the government are reconsidering.

Earlier this week while talking to members of the media at the 2022 Wild Digital SEA conference in Kuala Lumpur, Tengku Zafrul Abdul Aziz expressed the sentiment that it might “not be the right time” to implement targeted subsidies.

Sarawak deputy minister: Sales tax on petroleum products gains more than 20pc royalty promised by PH in GE14

August 22, 2022

Dateline 2022-06-11, Malay Mail:

The state’s revenue collection this year from the sales tax on petroleum products exports would exceed the figure from the 20 per cent royalty proposed by Pakatan Harapan (PH) in its manifesto for the 14th general election.

Deputy Minister in Premier of Sarawak’s Department (Labour, Immigration and Project Monitoring) Datuk Gerawat Gala said this would translate into rural Sarawak benefitting from greater infrastructure and economic development.

Targeted fuel, cooking oil subsidies in the works

August 16, 2022

Ah, debate date will track election dates:

Dateline 2022-06-07, FMT:

Malaysia has begun work on replacing its blanket petrol and cooking oil subsidies with a more targeted approach, as government spending rises to blunt higher living costs. “The target is to ensure that those who need subsidies will get the subsidies,” economic affairs minister Mustapa Mohamed said in a Bloomberg TV interview today. “The sooner it is done, of course, (the sooner) it will relieve pressure on the government’s budget.” The finance ministry had said on Friday that anticipated subsidies are expected to push the government’s total spending in 2022 “significantly higher”, by about RM30 billion.

Malaysia Says Fuel, Cooking Oil Targeted Subsidies in the Works

August 10, 2022

Dateline 2022-06-07, Bloomberg:

Malaysia has begun work on replacing its blanket petrol and cooking oil subsidies with a more targeted approach, as government spending rises to blunt higher living costs.

“The target is to ensure that those who need subsidies, will get the subsidies,” Economy Minister Mustapa Mohamed said in a Bloomberg TV interview Tuesday. “The sooner it is done, of course, it will relieve pressure on the government’s budget.”

Rafizi’s day in court will put Sapura Energy under scrutiny

August 8, 2022

Dateline 2022-06-05, FMT:

Former Sapura Energy Berhad CEO Shahril Shamsuddin, upset with remarks by Rafizi Ramli, has taken the former Pandan MP to court.

Rafizi had issued the statements because he disagreed with Najib Razak’s suggestion on March 21 that the government inject funds to save Sapura Energy.

He said he would defend his remarks about Shahril’s remuneration in court, adding that what he had said was to “protect public interest”.

PM Ismail Sabri: Oil and gas industry is backbone of Terengganu economy

August 5, 2022

Oo, looks like another 1MDB in the making, how do I get in at the ground floor?

Dateline 2022-06-04, Malay Mail:

Terengganu has undergone a rapid development transformation process with the implementation of various types of projects worth hundreds of millions of ringgit, said Prime Minister Datuk Seri Ismail Sabri Yaakob.

He said the oil and gas industry, especially in Kerteh and Kemaman, was the backbone of the Terengganu economy, which not only attracted many foreign investors but also increased local employment opportunities.

Get going on old plan for targeted fuel subsidies, says economist

July 26, 2022

Why is it that petrol dealerships say they always lose, no matter what the government implements?

Dateline 2022-05-23, FMT:

The government should get going with its plan for targeted fuel subsidies which was hatched 10 years ago, says an economist, amid fears over the rising costs of subsidies.

Universiti Tun Abdul Razak economist Barjoyai Bardai said disputes over the subsidy mechanism had held back the plan, particularly over who qualified for the fuel subsidies based on engine capacity.