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

Pause
Embed

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: economy, government

Tags: the bigger picture, beyond the ballot box, government, diesel subsidy,

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

Michele Schneider, Chief Strategist at Market Gauge 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

Dr. Azmi Hassan, Senior Fellow, Nusantara Academy for Strategic Research discusses recent updates in Malaysian politics.

7:45 AM

Morning Brief

Idham Idris, Director, Corporate Treasury Investment Services, Wealth Vantage Advisory talks about the Hire Purchase (Amendment) Act 2026.

8:00 AM

The Breakfast Grille

Davis Chong, CEO of Solarvest Holdings gives us an update on how the company is doing since last February, record net profits in the 9MFY2026 period, expansion plans and more.

8:30 AM

Morning Brief

Dr Jayant Menon, Visiting Senior Fellow at the ISEAS Yusof Ishak, unpacks implications of the voided Agreement on Reciprocal Trade (ART) with the US means for Malaysia.

8:45 AM

Morning Brief

(REPEAT) Idham Idris, Director, Corporate Treasury Investment Services, Wealth Vantage Advisory talks about the Hire Purchase (Amendment) Act 2026.

9:00 AM

Opening Bell

(REPEAT)Michele Schneider, Chief Strategist at Market Gauge tells us where international markets are heading.

9:15 AM

Opening Bell

Nabil Zainoodin, Equity Research Analyst at BIMB Securities, discusses the outlook for Malaysia’s construction sector.

9:35 AM

BBC The Inquiry

Why Is Poland’s Economy Booming?

10:05 AM

Open For Business

Khor Swee Kheng, CEO and Aisha Adam, Director of Business Development, Angsana Health

11:00 AM

Marketing Mojo

Margie Ong, CEO, Thoughts In Gear

12:00 PM

Enterprise Explores

Vincent Chin, Managing Director and Senior Partner, and Global Vice Chair of BCG’s Public Sector Practice

1:00 PM

Breakfast Grille (REPEAT)

Davis Chong, CEO of Solarvest Holdings gives us an update on how the company is doing since last February, record net profits in the 9MFY2026 period, expansion plans and more.

2:05 PM

Discovery Hour

An eclectic selection of BBC shows, curated with variety in mind.

3:05 PM

Beyond the Ballot Box

We speak to a councillor from the Petaling Jaya City Council on their plans for the future, which includes making PJ more dense and accessible to public transportation.

4:05 PM

Health & Living

University can be a difficult transition period for young adults. How can parents maintain meaningful connection with their children while encouraging independence?

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

Talkback Tuesday

PROGRAMMES