Rationalising subsidies for economic prosperity

Resource reallocation: A file photo of a worker in a petrol station. The cost of fuel in Singapore is about five times higher than in Malaysia.

DISCUSSIONS around targeted subsidies have been growing in momentum in recent weeks after the tabling of the 12th Malaysia Plan mid-term review.

Sentiment among businesses looked promising with many in favour of the commitment to present details on the implementation of targeted subsidies in the upcoming second Madani Budget.