Equities
Malaysia's Deputy Finance Minister Denies Announcing Budi95 Fuel Quota Reduction
Malaysia's Deputy Finance Minister Liew Chin Tong has refuted reports suggesting changes to the subsidized Budi Madani RON95 (Budi95) fuel quota, according to his Facebook post on Tuesday.He said claims that the monthly limit could be reduced to 150 liters from 200 liters were taken out of context and did not reflect his remarks at an Affin Bank (KLSE:AFFIN) fireside chat.Liew said he did not announce any government policy, adding that his comments focused on fuel usage data and travel patterns under the Budi95 mechanism.He said the framework is intended to help analyze consumption trends, with no decision made on any quota reduction.
FTSE Bursa Malaysia KLCIKLSE:AFFIN
