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

7:00 AM

World Market Watch

Michael Lai, Executive Director, Wealth Advisory, OCBC Bank

7:15 AM

Morning Brief

7:30 AM

Morning Brief

Collins Chong, foreign affairs and security analyst, Universiti Malaya

7:45 AM

Top Story

Deepa George, Managing Consultant, MYHRC Services

8:00 AM

The Breakfast Grille

Datuk Fazlur Rahman Zainuddin, Principal Officer, Syarikat Jaminan Pembiayaan Perniagaan (SJPP)

8:30 AM

Morning Brief

Sujatha Sekhar Naik, Chairperson of the Malaysian Institute of Corporate Governance (MICG)

8:45 AM

Morning Brief

Dr James Dorsey, Adjunct Senior Fellow, S. Rajaratnam School of International Studies

9:00 AM

Opening Bell

(REPEAT) Michael Lai, Executive Director, Wealth Advisory, OCBC Bank

9:15 AM

Opening Bell

Adam Mohamed Rahim, Equity Research Analyst, RHB Research

9:35 AM

BBC

The Inquiry: Is Europe’s car industry at a crossroads?

10:05 AM

Open For Business

Edwin Chan, Chef & Founder, Elevete Patisserie

11:05 AM

P&L

Yeoh Chen Chow, Founder, 1% Advisory & Coaching; Kevin Brockland, Managing Partner, Indelible Ventures

12:00 PM

Enterprise Explores

Conall McDevitt, President, The Penta Group

1:00 PM

The Breakfast Grille Repeat

2:05 PM

Discovery Hour

That’s Not My Arm; Dr Andreas Kalckert, Neuroscientist and Psychologist

3:05 PM

Earth Matters

Gibbons Going Wild!; Mariani Ramli, Founder and President, Gibbon Conservation Society of Malaysia

4:05 PM

Health & Living

Brain Waves: Other Cells Can Have Memory Too?; Dr Azlina Ahmad Annuar, Neurogeneticist

5:00 PM

Top 5 at 5

6:00 PM

Today I Learned

Why Do I Hate Hearing My Own Voice?; Kharanee Koh, Senior Speech Therapist, Amazing Speech Therapy

7:00 PM

Just For Kicks

8:00 PM

GGWP

9:00 PM

Wavelength