Individuals from the M40 category can begin registering for the petrol subsidy programme (PSP) in the second quarter…
The Domestic Trade and Consumer Affairs Ministry has announced that the government’s targeted petrol subsidy scheme will be postponed indefinitely.
A report by the World Bank Group has shown that goods, housing, and transport make up for a big chunk of a Malaysian’s cost of living.
Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail said that petroleum companies can sell fuel at a cheaper price to encourage competition.
The government will be using electricity bills as a reference point to determine who will be eligible for RON95 petrol subsidies.
The distribution of the new targeted fuel subsidy appears to be finalised, and looks to be a BSH-style cash handout.
A new initiative called 100 Basic Goods Programme (BA100) will be introduced to reduce the role of middlemen and lower down prices of goods.
The Domestic Trade and Consumer Affairs Ministry is only waiting for the 'right time' to implement it.
It is illegal for online businesses to keep the price and details of their products hidden from potential buyers.
The Domestic Trade and Consumer Affair Ministry is in the final phase of finalising eligible recipients for the targeted petrol subsidy programme.