Subsidy reform, higher tax rate may be unpopular but Malaysia needs them — economist

KUALA LUMPUR (July 12): The bold actions undertaken to revitalise Malaysia’s economy under the leadership of Prime Minister Datuk Seri Anwar Ibrahim may involve unpopular measures, but they are essential for the country’s progress, said Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid.

He said the diesel subsidy reform and a higher service tax rate would enable…