FMM denies manufacturers had received RM50b subsidy for gas


  • Business
  • Wednesday, 10 Oct 2007

KUALA LUMPUR: The Federation of Malaysian Manufacturers (FMM) denied on Wednesday that the manufacturing sector has received RM50bil in subsidies for natural gas over the past ten years.  

This is in response to a recent news report that implied that the manufacturing sector enjoyed the lion's share of the subsidies. 

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

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

Trade showing remains on upward trajectory
Maxis pledges full support to government’s 5G delivery model
Fajarbaru Builder secures RM13mil job
MKH Oil Palm IPO oversubscribed
How Sin-Kung leveraged air cargo for its success
US existing-home sales decline as rates keep buyers sidelined
1Q GDP growth likely to have accelerated to 3.9%
MARC: Room to improve current account balance
MISC to develop world’s first ammonia dual-fuel ships
Uzma to raise RM68mil via private placement

Others Also Read