Local News

It’s time once again for another weekly fuel update, and for the coming week, users of RON 97 petrol will have to pay more for the fuel than they did for the past two weeks. From tomorrow, August 24, 2019, RON 97 will be priced at RM2.51 a litre, which is an increase of two sen from last week. Meanwhile, RON 95 petrol continues to be sold at RM2.08 per litre, the maximum price consumers pay no matter how high market prices push pump prices. The same can be said of Euro 2M diesel, which continues to retail at RM2.18 per litre, while Euro 5 diesel – which is 10 sen more than Euro 2M diesel – is priced at RM2.28 per litre. The finance ministry says that according to Automatic Price Mechanism (APM) calculations, RON 95 petrol would be priced at RM2.21 per litre while diesel would be at RM2.25 per litre without the price cap in place. The government added that it will absorb an estimated RM 55.48 million in fuel subsidy costs for the period of August 24 to 30. These prices … [Read more...] about August 2019 week four fuel price – RON 97 up two sen

The mechanism involved in the targeted fuel subsidy for RON 95 petrol will be announced in early September, according to domestic trade and consumer affairs (KPDNHEP) minister Datuk Seri Saifuddin Nasution Ismail. He said the announcement on the matter will be made once cabinet approves the scheme, the New Straits Times reports. “Everything, including the implementation mechanism, will be revealed during the press conference which is expected to be held in less than two weeks, if everything goes according to schedule,” he said earlier this week. The fuel subsidy was initially supposed to be announced in Q1 this year, but its implementation date kept being brought forward. The government has since come up with a new plan to ensure that only those eligible for the subsidy will get it. During Budget 2019, finance minister Lim Guan Eng had said that the government planned to subsidise owners of vehicles and motorcycles with engine capacities below 1,500cc and 125cc … [Read more...] about Targeted fuel subsidy to be announced in two weeks

Entrepreneur development minister Datuk Seri Mohd Redzuan Yusof today revealed that the Cabinet has agreed in principle to the implementation of motorcycle-based ride-hailing service Gojek in Malaysia. The idea for implementing a motorbike ride-hailing service in Malaysia was first brought up following a meeting involving youth and sports minister Syed Saddiq Syed Abdul Rahman, Gojek founder Nadiem Makarim and prime minister Tun Dr Mahathir Mohamad. In a report by The Star, the minister said the matter was discussed at length during the recent meeting, and that the project has been given the green light to proceed. “Cabinet in principle has agreed for this Gojek service to be implemented. The Youth and Sports Ministry and the Transport Ministry have been asked to work together and discuss what laws need to be amended or created to enable this service to be implemented in the country,” said Mohd Redzuan. The minister added that it could take one or two months for the two … [Read more...] about Gojek gets green light from Cabinet for implementation

During a recent press conference at Big Blue Taxi Services’ headquarters, company founder Shamsubahrin Ismail voiced his displeasure at the proposed introduction of Gojek in Malaysia, FMT reports. Rather than bringing in a motorcycle-based ride-hailing service, Shamsubahrin preferred if the government focused on resolving the issues involving e-hailing and taxi drivers in the country, instead of supporting Gojek, a move he deemed a “step backwards.” “Syed Saddiq is an educated minister but while other ministers are talking about flying cars and third national cars, he is asking young people to become dispatchers. Gojek as a career will not ensure a promising future, our youths deserve better than that.” Shamsubahrin’s statements come after the youth and sports minister expressed his intent to bring Gojek to Malaysia. He also explained that the situation in Malaysia was “totally different” from Indonesia, saying that “Gojek can be … [Read more...] about Big Blue Taxi boss threatens protest over Gojek plan

It looks like Malaysians won’t have long to wait to see what the country’s first ‘flying car‘ is all about. The vehicle should be revealed before the year is out, and work on the project is said to be 85% complete, according to entrepreneur development minister Datuk Seri Mohd Redzuan Md Yusof. He revealed that the prototype of the vehicle is currently being built by a Malaysian company in Japan, and he would be heading there next month to view the progress of the construction. “I am going to Japan in September for the Aviation Conference and I hope to get to see the almost complete (flying) car that we will be going to bring back towards the end of the year,” he said. Last month, it was reported that the prototype will be ready by as early as October. Asked by reporters if the nation’s first flying car would be launched by year-end, Mohd Redzuan said that it would depend on Malaysia’s ecosystem for flying cars, especially in term of … [Read more...] about Work on flying car is 85% complete