Malaysia will cut diesel subsidies and float retail prices to the market rate of RM3.35 per liter, an increase of about 55% from RM2.15, starting from June 10. The move, however, will not have much impact on the country’s inflation rate – although it may have adverse political ramifications for Prime Minister Anwar Ibrahim’s ruling...

Unlock this article with Premium. To access all premium content, contact us at [email protected]
Already a member? Log in here