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Show Notes
This week alone, we’ve seen a 20-sen fuel price hike which had Malaysians packing petrol stations last Tuesday night. The move, together with a 20-sen diesel price hike as well, would save the government RM1.1bil in subsidies for the rest of this year and a further RM3.3 billion annually. And to help offset the hike, the government has promised more cash handouts in the form of BR1M. The Star reported that the Najib administration made the decision as it attempts to introduce immediate remedial measures to reduce its fiscal deficit.
The cutting of subsidies has been an unpopular move, with many Malaysians lashing out angrily as seen on social media and online news portals. But some have said that this, though a small move, is a move nonetheless by the government as part of their economic reforms. But at the same time, the average Malaysian out there is hurting in his pocket.
So, we’re asking today: Do you think these measures (fuel price hike, increased cash handouts) put forward by the government will help in boosting the Malaysian economy?
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