On May 21, PM Anwar announced the cabinet’s decision to implement the subsidy rationalization for fuel. It will start with diesel first and apply to users in Peninsular Malaysia. The Prime Minister stressed that this move is targeted at foreigners and the rich, and will save the government RM4 billion annually. This means that diesel will be floated in the market really soon, which will see prices increase by 55%, from RM2.15/litre to RM3.33/litre. Along with financial experts Hann Liew and Sani Hamid, we discuss the details of what has been announced so far and how the new policies will impact you as a consumer. -------------- Timestamps: (00:01:16) Why is the government gradually removing blanket subsidies? (00:07:43) Do blanket subsidies exist in other countries (such as Singapore)? (00:13:48) Is smuggling and leakages the main reason for the government to remove blanket subsidies? (00:20:06) Will the removal of blanket subsidies lead to price increases? (00:28:22) Is it even a good time to remove subsidies especially with the recent SST increase and inflation? (00:34:23) Budi Madani - is it even a good initiative? (00:47:41) How would you remove subsidies to make sure that it is fair to everyone? (00:53:59) How can we as consumers brace ourselves for the inevitable price increase? (00:59:34) QnA Hann is a personal finance expert with over a decade of experience in the financial industry. Previously the CEO of RinggitPlus, he is qualified as a licensed financial planner (CFP) and a chartered financial analyst (CFA), and has helped tens of thousands of Malaysians on their path toward financial literacy. Hann is currently the founder of Halogen Capital, the world's first Shariah-compliant crypto fund that provides institutional exposure to Bitcoin. Our other speaker, Mr. Sani Hamid, is an economist and certified financial planner (CFA). He’s a frequent commentator in the media and has over 30 years of experience in the financial markets, having worked for companies such as S&P Ratings as a Director in the sovereign team overseeing the ratings of countries such as Indonesia, India, Malaysia, and Singapore. Hann’s socials: https://twitter.com/ooihann Sani’s socials: https://twitter.com/sanihamid -------------- Your time is valuable and you hate sifting through the web for information. We get it, so let us do the work for you. By joining our WhatsApp group, you’ll receive financial updates - best FD rates, currency movements, and more on a daily basis. ✅ 194 people have joined, and only 2 unsubscribed (so far). ✅ We don’t spam. ✅ It’s $0.25/week. ✅ Pay monthly, cancel anytime. Try the First Week for Free: https://www.patreon.com/TheFuturizts -------------- DISCLAIMER: The information contained in this podcast is for informational and educational purposes only. Nothing herein shall be construed as financial, legal, or tax advice. The opinions expressed in this podcast are solely those of the speakers.