Moody’s: Malaysia's fuel subsidy reduction credit positive


KUALA LUMPUR: Moody’s Investors Service views the government’s move to reduce the fuel subsidy, which was the second time in over a year, as credit positive but added more reforms were needed to reach a balanced budget by 2020.

The international rating agency said on Monday the move is credit positive for the sovereign as it will help reduce the government’s subsidy bill and contribute to its fiscal consolidation.

Subscribe now and receive free sooka plan for 1 month. T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Stocks, dollar up on US-China trade hope, details awaited
Oil prices rise as US-China trade talks soothe market jitters
Malaysia to boost semiconductor expertise as US rescinds US chip export curbs
Affordable housing mismatch continues
ECB needs steady hand and must not overdo rate cuts, Schnabel says
Astro wants to turn the tide
BAT to focus on flagship products to boost sales
Firms push ahead with IPOs
Mega First powers on
Dutch Lady remains positive on expansion plans

Others Also Read