Malaysia to go ahead with petrol subsidy cuts despite outcry, inflation concerns
Malaysia will press on with planned cuts to petrol subsidies, Prime Minister Anwar Ibrahim has said, despite mounting public pushback over government measures to cut costs and raise taxes.
The government is expected to slash costly petrol subsidies as early as July, a move that Anwar said was necessary to deflate the country’s multibillion-dollar subsidy bill and make sure the savings reach those most in need.
But the move has raised concerns that it could trigger inflation if consumers have to...
