BFM 89.9

HIGHLIGHTS 
Podcast  >  Evening Edition  >  Top 5 At 5  >  Top 5 at 5: Phasing Out RON95 Subsidies

Top 5 at 5: Phasing Out RON95 Subsidies

Dr Lee Hwok-Aun, Senior Fellow, Malaysian Studies Programme, ISEAS-Yusof Ishak Institute

11-Nov-24 17:00

Top 5 at 5: Phasing Out RON95 Subsidies

Earlier this year, the Malaysian government announced the removal of diesel subsidies and plans to phase out RON 95 subsidies for higher-income groups by 2025. We ask Dr. Lee Hwok-Aun, Senior Fellow at the ISEAS-Yusof Ishak Institute, to weigh in on the policy's driving forces and its potential impact on Malaysians, sparking a national debate on fuel affordability.

Other stories we covered today:

· Selangor DAP Leadership Shake-Up: Selangor DAP party members have just elected their leaders for the 2024-2027 term with Puchong MP Yeo Bee Yin emerging victorious with 1180 votes, Ng Sze Han being named the new chairperson and V Ganabatirau chosen as deputy. We speak to Oh Ei Sun, Principal Adviser at the Pacific Research Centre for his analysis of the leadership change and the surprising loss of incumbent DAP Selangor chairman Gobind Singh Deo.

· COP29: COP29 kicks off today in Baku, Azerbaijan, focusing on securing increased financial commitments from wealthy nations to support climate action in poorer countries—a goal still unmet since the 2009 US$100 billion pledge. In a recent Earth Matters episode, Meenakshi Raman, the President of Sahabat Alam Malaysia, shared her insights on potential finance negotiation challenges, particularly the tension between developed and developing nations.

· Mercenary Or Terrorist?:
Lee Bing Hang, a 20-year-old Malaysian, enlisted as a mercenary in Ukraine’s war against Russia, prompting a public debate about the treatment of Malaysians who join foreign conflicts. We explore the "double standard" around perceptions of Lee’s actions versus Malaysians involved in groups like IS or Jemaah Islamiyah, with insights from Aizat Shamsuddin, founder of Initiate.my.

· Popek Popek Parlimen:
During today’s Dewan Rakyat session, Deputy Finance Minister Lim Hui Ying reassured MPs about Malaysia's economic stability despite concerns stemming from the US elections and Donald Trump's presidency. Merbok MP Nazri Abu Hassan raised questions on how the expanded SST may affect the cost of living and whether there are alternative revenue sources without burdening citizens. Discussions also touched on controversial government grants to YTL Corp subsidiaries.

Image Credit: MY STOCKERS, Shutterstock

Produced by: Dashran Yohan, Alena Nadia, Juliet Jacobs, Sudais Ferhard

Presented by: Sharaad Kuttan


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

Categories:  politicsgovernmenteconomyinternationalLaw/Activismcontroversiesenvironment

Tags:  Malaysia fuel subsidiesdiesel subsidy removalRON 95 subsidySelangor DAP leadershipNg Sze Hanclimate finance negotiationsLee Bing HangUkraine mercenaryAizat ShamsuddinMerbok MP Nazri Abu HassanSST impactYTL Corp subsidiariesMalaysia economic stabilityDonald Trump MalaysiaMalaysia cost of livingfuel affordability debatecovid-19yeo bee yingobind singh deoCOP29meenakshi ramanMalaysian mercenarypopek popek parlimenus electionsdewan rakyatparliament





Play / Pause

Listen now : BFM 89.9 -- The Business Station

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

Our expert 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

Romany Webb, Sabin Center for Climate Change discusses the implications of President Trump's anti-environment policies.

7:45 AM

Morning Brief

Datuk William Ng, Chairman, Small and Medium Enterprises Association (SAMENTA) gives us a channel check on SMEs.

8:00 AM

The Breakfast Grille

Prof. Dr. Maki Tsujimura, Dean of Faculty at University of Tsukuba Malaysia outlines the vision, strategy, and educational approach of the campus.

8:30 AM

Morning Brief

Yugendran T. Kannu Sivakumaran of Bait Al Amanah discusses the rising prices of goods and whether Malaysians will see relief despite a stronger ringgit and GDP growth.

8:45 AM

Morning Brief

(REPEAT) We dive into the local and international news that matters to you.

9:00 AM

Opening Bell

(REPEAT) We bring you the latest on Bursa Malaysia and international capital markets.

9:15 AM

Opening Bell

Thilan Wickramasinghe, Head of Equity Research at Maybank Securities, Singapore discusses Singapore's Budget 2026 and how it will affect markets.

9:35 AM

Ringgit & Sense

Dr. Mohaini Ahmad Basri, licensed financial planner with Wealth Vantage Advisory talks about EPF dividends, and who gets the most benefit from them.

10:05 AM

Open For Business

Kelvin Khandhar, Founder, Victoria Carpets

11:00 AM

Tech Talk

Suresh Sankaran Srinivasan, Group Head of Cyber Security, Axiata Group Berhad

12:00 PM

Enterprise Explores

Wan Agyl Wan Hassan, CEO, MARA Liner; Founder, My Mobility Vision

1:00 PM

The Breakfast Grille Repeat

Prof. Dr. Maki Tsujimura, Dean of Faculty at University of Tsukuba Malaysia outlines the vision, strategy, and educational approach of the campus.

2:05 PM

Discovery Hour

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

3:05 PM

Beyond the Ballot Box

Daisy Crooke of the Scotland-based Take One Action initiative talks about the importance of films in helping us make sense of the world.

4:05 PM

Health & Living

With TB cases on the rise and clusters reported across the country, we speak to a respiratory physician to break down what you need to know about the disease and precautions to take.

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 Thursday

What appliances can't you live without? And what appliances did you regret buying?

8:00 PM

BBC World Service