S P Setia president and chief executive officer Datuk Choong Kai Wai.
PETALING JAYA: S P Setia Bhd expects minimal impact from the government’s fuel subsidy rationalisation on its business operations.
In a statement, president and chief executive officer Datuk Choong Kai Wai said the property developer has evaluated the potential impact of the government’s recent fuel subsidy rationalisation announcement on its operations and overarching cost framework.
“Our findings indicate that the direct impact on our business operations should be minimal as operations are not directly reliant on subsidised diesel.
“Nevertheless, we recognise the possibility of knock-on effects within the broader supply chain,” he said.
He emphasised its cost control and operational efficiency to foster sustainable growth through economic shifts.
