2020 Malaysia Economic & Strategic Outlook Forum News Clippings

Published on 21 Jan 2020

22 Jan 2020, The Star

Ministry ready to start petrol subsidy programme

The Domestic Trade and Consumer Affairs Ministry is ready to implement the new subsidy programme which entails the floating of RON95 petrol and diesel pump prices, but is awaiting the greenlight from the Cabinet. Minister Datuk Seri Saifuddin Nasution Ismail said the Finance Ministry is in the midst of finding the best way to register the middle 40% (M40) population who are eligible for the petrol subsidy programme (PSP). According to him, both ministries had their first meeting on the matter in the first week of January. “On our part, we have managed to identify 2.9 million recipients from the bottom 40% (B40) population. If you look into Budget 2020 announcement, the Finance Minister allocated RM2.4bil for the PSP and we are targeting eight million people to benefit from the programme.


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22 Jan 2020, The Malaysian Reserve

Up to Cabinet to implement PSP, says Saifuddin Nasution

The Domestic Trade and Consumer Affairs Ministry (KPDNHEP) says it will leave the decision to implement the Petrol Subsidy Programme (PSP) to the Cabinet. Minister Datuk Seri Saifuddin Nasution Ismail (picture) said the Cabinet would make a decision based on the outcome of discussions on communication plans between the ministry and the Finance Ministry. “We had our meeting in the first week of January and together we will prepare our report to the Cabinet. The Cabinet will make a decision. “The status now is to put a hold on it, not to stop it. We have been given the task to fine-tune (the PSP),” he said on the sidelines of the 2020 Malaysia Economic and Strategic Outlook Forum in Kuala Lumpur yesterday.


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21 Jan 2020, Focus Malaysia

SPV 2030: Have a needs-based approach, not race-based – academician

The Shared Prosperity Vision 2030 (SPV 2030) must move away from race-based policies and focus on a needs-based approach, says an academician. University of Malaya political economy lecturer Prof Dr Edmund Terence Gomez said SPV 2030 should include policies that address structural issues such as poverty, education and lack of incentives to boost research and development. He, however, felt that the SPV 2030 was constructed similar to the New Economic Policy (NEP) where more emphasis was given to the Bumiputera agenda. “Under the NEP, the good thing was it created good schools and they have good teachers. They sent poor kids to good schools and they created a new middle class. “Are we having a similar structure in the SPV 2030 where we are focusing on potentially really good schools, targeting poor people based on needs?” he told reporters on the sidelines of the 2020 Malaysia Economic and Strategic Outlook Forum here today. Gomez was one of the panellists in a session on Malaysia’s Economic Challenges and Outlook – Strengthening the Economy: Structural Reforms, Poverty Alleviation and Shared Prosperity.


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21 Jan 2020, Free Malaysia Today

Shared Prosperity Vision not in line with PH manifesto, says economist

conomist Edmund Terence Gomez of Universiti Malaya said today the Shared Prosperity Vision 2030 (SPV) is but a rehash of the National Economic Policy (NEP) from the 1970s, with similar emphasis on race-based Bumiputera policies. He said these race-based targets were a departure from the Pakatan Harapan (PH) manifesto, which said that economic policies would be based on needs, and not ethnicity or race. “If you compare the primary goals of the SPV with the NEP, you will see a lot of similarities and that itself is the first red flag. “We are seeing a repetition of policies rather than the creation of new policies that would respond to the more contemporary period that we are in now,” he said on the sidelines of the Malaysia Economic and Strategic Outlook Forum, organised by the Economic Club of Kuala Lumpur and the Kingsley Strategic Institute for Asia Pacific.


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21 Jan 2020, Edge Prop

Up to cabinet to implement petrol subsidy programme: Saifuddin Nasution

The Ministry of Domestic Trade and Consumer Affairs says it will leave the decision to implement the Petrol Subsidy Programme (PSP) to the Cabinet. Minister Datuk Seri Saifuddin Nasution Ismail (pictured) said the Cabinet would make the decision based on the outcome of discussions on communication plans between the ministry and the Ministry of Finance.


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21 Jan 2020, Berita Harian

Kabinet tentukan pelaksanaan PSP - Saifuddin

Kementerian Perdagangan Dalam Negeri dan Hal Ehwal Pengguna menyerahkan keputusan untuk melaksanakan Program Subsidi Petrol (PSP) kepada Kabinet. Menterinya, Datuk Seri Saifuddin Nasution Ismail, berkata Kabinet akan membuat keputusan berdasarkan hasil perbincangan mengenai pelan komunikasi antara kementerian dan Kementerian Kewangan. “Kami mengadakan mesyuarat pada minggu pertama Januari dan akan sama-sama menyediakan laporan kepada Kabinet. Kabinet akan membuat keputusan. “Status terkini ialah ditangguhkan, bukan menghentikannya. Kami telah diberi tanggungjawab untuk membuat pelarasan kecil (ke atas PSP), ” katanya kepada pemberita di luar Forum Prospek Ekonomi dan Strategik Malaysia 2020 di sini, hari ini. PSP yang dijadualkan dilaksanakan Januari 2020, ditangguhkan kepada tarikh baharu yang akan diumumkan kemudian. Program itu untuk membantu 2.9 juta orang dalam kumpulan B40 yang layak mendapat Bantuan Sara Hidup (BSH).


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21 Jan 2020, Sinar Harian

Program Subsidi Petrol: Tunggu keputusan Kabinet, kata menteri

Kementerian Perdagangan Dalam Negeri dan Hal Ehwal Pengguna menyerahkan keputusan untuk melaksanakan Program Subsidi Petrol (PSP) kepada Kabinet, kata menterinya Datuk Seri Saifuddin Nasution Ismail. Beliau berkata Kabinet akan membuat keputusan berdasarkan hasil perbincangan mengenai pelan komunikasi antara kementerian dan Kementerian Kewangan. "Kami telah mengadakan mesyuarat pada minggu pertama Januari dan kami akan sama-sama menyediakan laporan kepada Kabinet dan Kabinet akan membuat keputusan. "Status terkini ialah ditangguhkan, bukan menghentikannya. Kami telah diberi tanggungjawab untuk membuat pelarasan kecil (ke atas PSP), " katanya kepada pemberita di luar Forum Prospek Ekonomi dan Strategik Malaysia 2020 di sini hari ini.


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21 Jan 2020, Malay Mail

Improving Malaysia’s rail networks, services tops govt’s public transport to-do list, says deputy minister

The government is emphasising more on improving railway networks and services as it will help increase public usage and the transportation of freight, says Deputy Transport Minister Datuk Kamaruddin Jaffar. He said railway services in Malaysia are still considered under-utilised and the government hopes that more Malaysians would use them in the future, especially when major rail projects are fully completed. He added that the government has always given priority to improving public transport with several large-scale public transport projects under construction in the Klang Valley such as the Sungai Buloh-Serdang-Putrajaya MRT and the LRT3 projects, which would boost economic growth while increasing the use of public transport in the Klang Valley. “Although a strong public transport system is the catalyst for growth, the key always lies in the business community. The government is emphasising more on improving railway networks and services as it will help increase public usage and the transportation of freight, says Deputy Transport Minister Datuk Kamaruddin Jaffar. He said railway services in Malaysia are still considered under-utilised and the government hopes that more Malaysians would use them in the future, especially when major rail projects are fully completed. He added that the government has always given priority to improving public transport with several large-scale public transport projects under construction in the Klang Valley such as the Sungai Buloh-Serdang-Putrajaya MRT and the LRT3 projects, which would boost economic growth while increasing the use of public transport in the Klang Valley. “Although a strong public transport system is the catalyst for growth, the key always lies in the business community.


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21 Jan 2020, Malaysiakini

Gov't's priority to improve rail networks, says Kamaruddin

The government is emphasising on improving railway networks and services as it will help increase public usage and the transportation of freight, says Deputy Transport Minister Kamaruddin Jaffar. He said railway services in Malaysia were underutilised and the government wants more Malaysians to use them, especially when major rail projects are completed. He added the government has always given priority to improving public transport with several large-scale public transport projects under construction in the Klang Valley, such as the Sungai Buloh-Serdang-Putrajaya MRT and the LRT3 projects, which would boost economic growth while increasing the use of public transport in the Klang Valley. "Although a strong public transport system is the catalyst for growth, the key always lies in the business community," Kamaruddin said in his keynote address at the 2020 Malaysia Economic and Strategic Outlook Forum in Kuala Lumpur today.


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21 Jan 2020, Free Malaysia Today

Putrajaya yet to decide on date for fuel subsidy programme, says minister

Domestic Trade and Consumer Affairs Minister Saifuddin Nasution Ismail said the targeted fuel subsidy programme (PSP) is still on hold, with the two ministries involved working on better communication strategies. He added that the Cabinet would decide on the date of implementation after their progress report. “The instruction is for the two ministries – the ministries of finance, and domestic trade and consumer affairs – to sit down and come up with a better communication plan to address some of the concerns of those involved in PSP such as the B40 and the M40,” he told reporters. He was speaking on the sidelines of The Malaysia Economic and Strategic Outlook Forum organised by the Economic Club of Kuala Lumpur and the Kingsley Strategic Institute for Asia Pacific.


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21 Jan 2020, Oriental Daily Online

教授:2030共享繁荣愿景没特质

马来亚大学经济学教授埃蒙特伦斯指出,2030年共享繁荣愿景(SPV)不是一个新政策,反而是新经济政策(NEP)的重复版本。 他说,一经比较,会发现两者的主要目的有很多相似之处。 “2030年共享繁荣愿景没有自己的特质,没有针对现有的问题提出见解和解决方案,重复新经济政策的方案。” “一开始,我以为在2030年共享繁荣愿景有著本质上的不同,毕竟目前已经与1970年代的经济和社会模式完全不同。” 埃蒙特伦斯指出,如果2030年共享繁荣愿景跟随新经济政策的概念,但是必须考虑如何实践在高度全球化的经济模式。


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21 Jan 2020, Oriental Daily Online

新燃油津贴执行日期 交内阁决定

贸消部长拿督斯里赛夫丁纳苏申表示,内阁将会根据贸消部和财政部的进展报告,再决定针对新燃油津贴机制(PSP)执行的日期。 “无论会是2020年首季,还是2020年次季,会交由内阁决定。” 他形容,新的汽油津贴机制目前是处于“紧急刹车”暂停状态,政府没有要取消这项计划,只是贸消部和财政部需要针对这项计划进行微调。


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21 Jan 2020, Oriental Daily Online

副交长:政府盼国人善用铁路服务

交通部副部长拿督卡玛鲁丁表示,政府正强调改善铁路网络和服务,因为这将有助于提高公众使用率和货运量。 他指出,大马的铁路服务没有得到充分利用,政府希望更多国人使用铁路服务,尤其是在大型铁路项目完成后。 他补充,政府一向将改善公共交通作为优先事项,巴生谷正在兴建的几个大型公共交通项目,例如双溪毛糯-雪邦-布城MRT项目和LRT3项目,这将促进经济增长,同时增加在巴生谷的公共交通工具使用量。 “虽然强大的公共交通系统是成长的催化剂,但关键始终在商业领域。”


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Date

21 Jan 2020


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