https://www.scmp.com/rss/324438/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com On June 1, Malaysia removed subsidies on diesel, a necessary measure to reduce the burgeoning diesel subsidy bill of 14.3 billion ringgit (US$3 billion) last year – up from 1.4 billion ringgit in 2019 – and stem leakages from diesel smuggling. Diesel prices in Peninsular Malaysia, where the change took effect, increased by 56 per cent, from 2.15 ringgit to 3.35 ringgit. This is still the third cheapest in Southeast Asia, after Brunei and East Malaysia. The subsidy remains in place in the latter,... https://www.scmp.com/week-asia/opinion/article/3270238/malaysians-need-more-help-cope-diesel-subsidy-cuts-and-rising-costs?utm_source=rss_feed https://www.scmp.com/week-asia/opinion/article/3270238/malaysians-need-more-help-cope-diesel-subsidy-cuts-and-rising-costs?utm_source=rss_feed Sun, 14 Jul 2024 07:00:08 +0000 The Bandar Malaysia project was launched in May 2011; a 197ha development under the real estate arm of Malaysian state fund 1MDB that was meant to be a new business district of Kuala Lumpur as well as a major transport node, housing the terminus of the High Speed Rail to Singapore and perhaps Bangkok. After the fallout from a scandal at 1MDB, where funds had allegedly been misappropriated, Bandar Malaysia fell under the auspices of TRX City, a wholly-owned subsidy of Malaysia’s Ministry of... https://www.scmp.com/week-asia/opinion/article/2094636/questions-facing-chinese-investment-bandar-malaysia?utm_source=rss_feed https://www.scmp.com/week-asia/opinion/article/2094636/questions-facing-chinese-investment-bandar-malaysia?utm_source=rss_feed Wed, 17 May 2017 05:15:00 +0000