Savings from fuel subsidies not expected to impact FDI or ringgit

Economist Geoffrey Williams.

PETALING JAYA: The proposed removal of fuel subsidies is unlikely to impact the ringgit in any way unless it is used to rebalance investments, says leading economist Professor Geoffrey Williams.

He told StarBiz any impact, whether long term or short term, will be minimal despite savings from the subsidy rationalisation being meant to improve the fiscal balance.