Subsidise public transport for bottom 70%, Jomo urges govt

  • Economy
  • Tuesday, 08 Oct 2019

KUALA LUMPUR: Prominent economist Professor Dr Jomo Kwame Sundaram has urged the government to subsidise public transport, saying it would help the masses who depend on it, instead of giving fuel subsidies.

"Who uses more fuel? Car owners. So we are not talking about ‘rakyat jelata’ (ordinary people) and the bottom 20 per cent, they have no cars, not even motorcycles. They depend on public transport.

"My own view is that we need to think how we can help subsidise transportation for the bottom 70 per cent, and think less about the top 30 per cent (who can afford cars),” he told reporters when asked on the government’s move to remove the existing petrol subsidy mechanism and gradually float the RON95 petrol price in Peninsular Malaysia from Jan 1, 2020.

Earlier, he chaired a panel discussion titled ‘Growth and Development’ at the two-day Khazanah Megatrends Forum 2019, which began yesterday. - Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!


Next In Business News

US and UK should be welcoming talent, not driving it away
Short Position: Ringgit rebound, PETRONAS earnings
KWAP seeks stronger income growth
What’s in fashion
Brexiteers, no one wants your regulatory bonfire
EcoWorld redefines concept behind industrial parks
S’pore chips away at HK’s hedge fund dominance
Ringgit seen strengthening further
Hibiscus gets debt boost
Navigating a ‘perfect positive storm’

Others Also Read