Subsidise public transport for bottom 70%, Jomo urges govt


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

   

Did you find this article insightful?

Yes
No

Next In Business News

Depressed US dollar plumbs lowest levels in nearly 3 months, FOMC minutes awaited
UMW Q3 net profit slips to RM101mil
GDex to expand warehouses, distribution centres and fleet
MPI registers 50% jump in Q1 net profit�
Top Glove sees demand doubling when vaccines ready by year-end
MMC Corp posts lower earnings in Q3�
Higher retail margin lifts AEON earnings in Q3
Prestar’s 3Q net profit jumps 132% to RM5.2mil
Builder IJM sees encouraging outlook after improved Q2 results�
KLCI bounces back, Public Bank, Telekom advance

Stories You'll Enjoy