THE Government should abolish the fuel subsidy and inject the estimated RM6.6bil directly into the economy to generate growth, said an economic consultant at Morgan Stanley.
Kosmo! quoted the company's South-East Asia expert Daniel Lian as saying that the subsidy for this year was equivalent to the net profit of Petronas in its financial year ending in March.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!