KUALA LUMPUR: The World Bank reckons that subsidies should be targeted and hence welcomes the Malaysian government’s move to review the fuel and cooking oil assistance mechanisms.
Senior country economist Shakira Teh Sharifuddin said at present, fuel subsidies benefit households in the high-income segment more than those in the low-income group.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
