PETALING JAYA: The impending implementation of rationalised diesel subsidies signals the seriousness of the Malaysian government in reining in its deficit and sets the stage for subsequent reforms of the RON95 petrol subsidy, says an economist.
Apurva Sanghi (pic), who is the World Bank lead economist for Malaysia, said the success of RON95 reforms depends on several factors – timing, how ensuing price increases are handled, and how the matter is communicated to the middle class.
