Economics

Malaysia Says Fuel, Cooking Oil Targeted Subsidies in the Works

WATCH: Malaysian Economy Minister Mustapa Mohamed discusses the economy, inflation and his outlook for subsidies.Source: Bloomberg

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By Anisah Shukry and Yvonne Man

June 7, 2022 at 3:52 AM UTC

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Malaysia has begun work on replacing its blanket petrol and cooking oil subsidies with a more targeted approach, as government spending rises to blunt higher living costs.