The country is facing a serious problem with subsidised diesel leakages, with a possibility of ineligible parties still enjoying the subsidy, said Finance Minister II Datuk Seri Amir Hamzah Azizan. Citing the example of subsidised diesel usage in the country, he said it was around 6.1 billion litres before the COVID-19 pandemic, and now it has reached 10.8 billion litres. “That is a 70 per cent increase...
so where did the subsidy go? For now, we feel that there is a high possibility that the subsidy has shifted to sectors that are not eligible for it. “When you buy diesel from a petrol station, you will pay RM2.15 per litre but if you have to pay the commercial rate, if you’re in a company and not eligible for diesel subsidy, you have to pay around RM3.48 per liter... so the difference is significant,“ he said at the monthly gathering of the Ministry of Domestic Trade and Cost of Living (KPDN) here today.On the possibility of the subsidy not ending up with its intended target, he said this results in a greater financial burden on the country’s managemen
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Former Finance Minister files lawsuit against MACC chiefFormer Finance Minister Tun Daim Zainuddin has filed a lawsuit against Malaysian Anti-Corruption Commission (MACC) chief Tan Sri Azam Baki. Daim has filed for an injunction against Azam, claiming that the chief commissioner's actions were wrong. Azam explains that he signed almost all of the declaration of assets documents to compel individuals to declare their assets. The MACC will look into improving its methods for compelling individuals to declare their assets.
Source: staronline - 🏆 4. / 75 Read more »
Transport, finance ministers to discuss 6% SST for domestic flightsSEPANG: Transport minister Loke Siew Fook will discuss maintaining the 6% sales and service tax (SST) rate for domestic flights with the finance minister.
Source: DailyExpress_MY - 🏆 3. / 83 Read more »
Ministry of Finance: TCM practitioners exempted from 8pc service taxPUTRAJAYA, Feb 19 — Traditional and complementary medicine (TCM) practitioners who are registered under the T&CM Act 2016 [Act 775] will be exempted from the eight per cent...
Source: malaymail - 🏆 1. / 86 Read more »
Ditrolic Energy partners with BlackRock's Climate Finance Partnership for solar portfolio developmentDitrolic Energy Holdings has entered into an agreement with BlackRock's Climate Finance Partnership to expand its solar assets in Asia Pacific. The partnership aims to mobilize capital for climate infrastructure projects.
Source: DNewsAsia - 🏆 23. / 51 Read more »