*Platinum Member*
Centennial Member
Posts: 118082
Liked By: 64316
Joined: 30 Jun 10
Followers:
4
Tipsters
Championship:
Player
has
not started
|
KUALA LUMPUR: Removing RON95 fuel subsidies for higher-income groups could trigger a broader economic downturn, DAP National Publicity Secretary Yeo Bee Yin warned.
Responding to Prime Minister Datuk Seri Anwar Ibrahim's announcement to cut subsidies for the T15 and T20 categories, she said the timing was detrimental to a fragile economy.
"The worst time to remove any subsidy is in the middle of a crisis when an expansionary fiscal policy, not a contractionary one, is required to sustain the economy," she said in a media statement issued at DAP headquarters today.
-ADVERTISEMENT-
Yeo said fuel price increases would ripple through the supply chain. As many within the T15 and T20 categories are small business owners and employers, higher operating costs would likely be passed on to consumers.
"This creates a secondary wave of inflation for essential goods and services, ultimately hurting the very lower-income groups the government aims to protect," she said.
|
Main Menu >
Gossip Corner >
Removal of T20 subsidies for struggling urban middle class
[ 153 Chatters Online
]
1
Find all Topics Started by LONGSTER
Find all Posts by LONGSTER
Follow / Unfollow
PM LONGSTER
12-May 2026 Tuesday
4:18 PM (6 days ago)
1 Likes
Like
quote originally posted by seelangui:
quote originally posted by seelangui:
quote originally posted by seelangui:
