NIBONG TEBAL: A total of 12 Malaysian companies have been listed among the 15 best-performing companies in South-East Asia in the first five months of this year, says Economy Minister Rafizi Ramli (pic).
He said economic monitors had listed 15 companies’ stocks that recorded the most significant gains in South-East Asia, and 12 of them are Malaysian companies, demonstrating that the country is back on track under the unity government.
“We have political stability, and we are starting to see signs of economic improvement.
“If this continues, projections suggest that by 2027 or 2028, Malaysia could be recognised and declared as a developed nation,” he said to reporters at the launch of the unity machinery for the Sungai Bakap by-election in Penang.
The minister also mentioned oil prices and the implementation of targeted diesel subsidies, noting that in the past, oil prices were at RM1.90 per litre, and government subsidies were RM3bil out of a budget of over RM200bil.
“Now, subsidies are RM60bil, and crude oil prices are at US$80. We can’t build schools, we can’t increase salaries, and the subsidies will benefit the wealthy.
“Isn’t it better that we redirect those subsidies to all public vehicles, small trucks, all traders, even regular people as long as they have diesel vehicles, and those earning below RM100,000 a year also get RM200 a month,” he said. — Bernama
