Kuala Lampur, May 12 -- KUALA LUMPUR, May 12 - Puchong MP Yeo Bee Yin has cautioned that it is the "wrong time" to remove RON95 fuel subsidies for higher-income Malaysians, warning of broader inflationary and economic risks.
She said Prime Minister Datuk Seri Anwar Ibrahim's announcement that the government has agreed in principle to remove subsidies for higher-income groups raises fundamental questions that must be addressed before any final decision is made.
First, she questioned whether the timing is appropriate given risks of inflation, contracting consumption, and a potential economic slowdown.
"Fuel price hikes are never contained within a single demographic; they ripple through the entire supply chain," she said.
She added that...
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