Qualampur: To reduce the price of Ron95, the government’s move will help reduce the cost of life and support the economy, the President of the Malaysian Institute of Economic Research (MIER) Tan Shri Mohammad Ifndi Norwaavi.
He said that the government is addressing one of the most pressure concerns of the public – transport and fuel cost.
“The idea of the government will be, like something else, they will see what the biggest needs of the people today.
Affede said that the government will try to give as much as it can spend as much as it can spend without affecting the national budget. “I think this is always the balance of the government. I think they are performing their best. Honestly, at least they have a good intention.”
Former Mire President Tan Mr. Suleman Mehboob also welcomed the move and said that it will provide relief for many Malaysian people. “This will help many people by reducing transportation costs. Actual income will improve, and it is good for the general public.”
Asked if the decrease in fuel price can affect the national budget, Suleman said the impact should be assessed in a holistic manner.
“Whether it is cost or profit, if the result is positive for the economy, it is also good for the budget.”
Prime Minister Datuk Seri Anwar Ibrahim announced on Wednesday that the price of Ron95 petrol would be reduced by RM2.05 per liter to eligible motorists to RM1.99 per liter, while currently fuel subsidy has been rationalized.
Anwar said it would benefit around 18 million motorists, including 16 -year -old youth and gig economy workers.
The Prime Minister said that by the end of September, complete information about the Ron95 subsidy mechanism will be announced.
“When Ron95 subsidy rationalization is effective, Malaysian will enjoy a low fuel value of RM1.99 per liter,” Anwar said.
On a separate case, Ifi said that Malaysia should re -accept its development priorities under the 13th Malaysia scheme based on current global trends.
“I think agriculture and food security would be a priority,” he said.
He said that the region has been on the national agenda since the 1970s, but now priority should be given again as a major national focus. “This is the time to convert it into a real national agenda. This is a major opportunity for Malaysia.”
Affede said that beyond the lack of food and addressing import bills, Malaysia has the ability to become a global food producer – which is similar to its success in palm oil and rubber – by taking advantage of institutions such as its expertise, mardi and modern agricultural technologies.
“If we have done it with palm oil and rubber, we can do it with food production. But we need a strong, comprehensive modern agricultural plan,” he said.
