BFM 89.9

HIGHLIGHTS 
Podcast  >  Bigger Picture  >  Beyond The Ballot Box  >  Everything You Need to Know About the Diesel Subsidy Reforms

Everything You Need to Know About the Diesel Subsidy Reforms

Dr Geoffrey Williams, Economist

11-Jun-24 15:00

Everything You Need to Know About the Diesel Subsidy Reforms

On the 10th of June, the Malaysian government officially implemented the Diesel Subsidy reform, moving away from decades-old blanket subsidies. The Prime Minister has stressed that this move will save the government billions of ringgit annually and discourage smuggling and corruption. The government also said that the burden of removing these subsidies will only be felt by the T20 income earners and will not impact the B40 and M40. 

So, what are the potential long-term benefits of this reform and are there potential downsides? And what should the government do with the billions of ringgit they are projected to save from this reform?

Image Credit: Shutterstock

Produced by: Dashran Yohan

Presented by: Dashran Yohan


This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  economygovernment

Tags:  the bigger picturebeyond the ballot boxgovernmentdiesel subsidy





Play / Pause

Listen now : Top 5 at 5: A countdown of the 5 biggest stories of...

Today’s Shows



6:00 AM

The 6AM Stretch

Thought-provoking discussions on ideas, people and events shaping our lives.

7:00 AM

World Market Watch

Kingsley Jones, Chief Investment Officer, Jevons Global tells us where international markets are heading.

7:15 AM

Morning Brief

We recap global and local headlines from today's papers and portals.

7:30 AM

Morning Brief

Michael Cucek of Temple University Japan Campus analyzes the outcome of Japan’s election and what it means for the country’s political future.

7:45 AM

Morning Brief

Varun Mittal, Founder of FinTech Nation, explains stablecoin and crypto.

8:00 AM

The Breakfast Grille

Lim Cheong Guan, Managing Director of Top Glove Corporation Bhd talks about whether the company is on the path to recovery, competition against Chinese players, impact of US tariffs and more.

8:30 AM

Morning Brief

Dr. Greg Raymond, Senior Lecturer, Australian National University (ANU) talks about the results of Thailand's general election.

8:45 AM

Morning Brief

Dr. Jayant Menon (Visiting Senior Fellow), ISEAS Yusof Ishak Institute, discusses the changes that follow the India–Malaysia Comprehensive Strategic Partnership.

9:00 AM

Opening Bell

(REPEAT) Kingsley Jones, Chief Investment Officer, Jevons Global tells us where international markets are heading.

9:15 AM

Opening Bell

(REPEAT) We take a look at the FBM KLCI as well as regional capital markets.

9:35 AM

Pinnacle Perspectives

Jalil Rasheed, former Managing Director for Asia Pacific at the Tony Blair Institute, discusses leadership and its success criteria.

10:05 AM

Open For Business

Michelle Chin, HerDuit

11:05 AM

P&L

Received a CP500 letter from LHDN demanding tax instalments beyond your monthly PCB? TraTax’s Renganathan Kannan breaks down the 2026 penalty waiver (and who it actually applies to) and why freelancers, gig workers, landlords, and content creators might be filing the wrong tax forms.

12:00 PM

Enterprise Explores

XP Ng, CEO, Academy of Artificial Intelligence, shares about Agentic AI, how it promises systems that do not just generate responses, but execute real business tasks. Yet new data shows that only around 5 percent of enterprise AI agent projects have made it into production, with most stuck in prolonged pilot phases due to poor data, siloed organisations, and unclear governance.

1:00 PM

The Breakfast Grille Repeat

Lim Cheong Guan, Managing Director of Top Glove Corporation Bhd talks about whether the company is on the path to recovery, competition against Chinese players, impact of US tariffs and more.

2:05 PM

Live & Learn

We speak to Sarina Salim, Senior Deputy Director, Curriculum Development Division, Ministry of Education, about how the government is transforming preschool education in Malaysia.

3:05 PM

Earth Matters

Raids, corruption probes and an import ban have put Malaysia’s e-waste trade in focus. We explore the scale of the problem in Malaysia, and why it’s been happening.

4:05 PM

Health & Living

5:00 PM

Top 5 at 5

A countdown of the 5 biggest stories of the day, to catch you up on all you need to know!

6:00 PM

Today I Learned

Who Is Ahead in The Cyberwarfare Race?

7:00 PM

Just For Kicks

It was a great showdown between Liverpool and Man City, that ended with Pep's men bringing back all three points to keep the pressure on Arsenal. We review that match, and look back at all the other games in Match week 25 of the EPL!

8:00 PM

A Bit of Culture

Azmyl Yunor and Ong Kar Jin join Kam Raslan on this episode of A Bit of Culture to talk about espionage, crafts and art, and lo-fi!