Home minister says eight nabbed for suspected terrorism a concern for spreading caliphate ideology, made police their No 1 target
“Our revision is founded on the marginal direct impact of diesel subsidy rationalisation on headline inflation and the delay in the implementation of RON95 petrol subsidy rationalisation to end-2024,” it said in a research note today. The bank’s research arm said that the direct impact of diesel subsidy float in Peninsular Malaysia would be marginal, with a potential upside on the headline inflation of less than 0.1 per cent.“The subsidies will continue for most of the diesel-powered commercial vehicles and public transportation.
“We view that the retargeting of the RON95 subsidy rationalisation might take form in a more gradual approach, as it involves a larger consumer base with a significant weightage of 5.5 per cent in the consumer price index basket,” it said. “Separately, oil prices will be underpinned by higher oil demand in tandem with acceleration of global activities coupled with policy induced supply cuts,” it added.
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