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Targeted subsidies to protect interests of 85 percent Malaysians

Anwar Ibrahim

KUALA LUMPUR, Oct 29- The interests of 85 percent of the Malaysian population will continue to be protected amid the implementation of targeted subsidies for RON95 petrol, which is slated to take effect in mid-next year.

This was stated by Prime Minister Datuk Seri Anwar Ibrahim during Minister's Question Time in the Dewan Rakyat today.

According to Anwar, that is also the reason why only the T15 group and foreign nationals will have to pay the non-subsidised market price for the fuel.

He said this is a measure he considers reasonable.

"The main point is that targeted subsidies should not burden the 85 percent of the population. It is reasonable for us to impose market rates on the super-rich and top-tier individuals," he added.

Anwar said this in reply to Khoo Poay Tiong, Member of Parliament for Kota Melaka.

Khoo had wanted to know the definition of T15 concerning targeted subsidies for RON95 petrol.

SITI AISHAH MD ISA