Subsidy Removed: Can Malaysians Survive?

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Күн бұрын

Here’s how subsidies impact you, the economy, and the government. 🔴 𝗦𝘁𝗮𝗿𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗜𝗕𝗞𝗥 ➡️ www.interactivebrokers.com/mk...
🔴 𝗦𝘁𝗮𝗿𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗜𝗕𝗞𝗥 ➡️ www.interactivebrokers.com/mk...
⬇️ Timestamps:
0:00 → Introduction
0:44 → What are Subsidies?
2:26 → Overview of Subsidies in Malaysia
3:32 → Purpose of Subsidies to Rakyat
5:16 → Impact of Subsidies on Government
7:05 → Government Cut Subsidies
10:40 → Impact of Subsidy Rationalisation
13:27 → Subsidy Reform in 2014
14:48 → Ad-Break
15:30 → Conclusion
In this video, we’ll be talking about Malaysia’s complex subsidies system and how it impacts not only our daily lives but also the broader economy. Fuel, electricity, and other necessary commodities, for example, help keep prices stable and help our lower-income population, particularly in times of high inflation.
With Malaysia being a significant player in the oil and gas sector, these subsidies are not just economic tools but are important for maintaining affordability and quality of life for us. Did you know that in 2022, a whopping RM 62 billion was pumped into keeping things like fuel and electricity affordable? That's a lot of zeros! But fortunately, the government is now shifting their focus towards a more centered subsidy approach in the 2024 budget. So join the conversation and let me know your thoughts on these adjustments in the comments below!
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Subsidies
Subsidies in Malaysia
What are subsidies
Malaysian economy
Fuel subsidies
Subsidy rationalization
Economic impact of subsidies
B40 economic support
Malaysia GDP and subsidies
Government budget Malaysia
Price control Malaysia
Public finances Malaysia
#SubsidiesMalaysia #MalaysianEconomy #FuelSubsidy #EconomicImpact #B40Support #MalaysiaGDP #Budget2024 #PriceControl #PublicFinances #RakyatVoice
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Пікірлер: 319

@ZietInvests Ай бұрын

What do you think about the subsidy cuts? Will there be more cuts coming soon? Share with us down below ⬇️

@leealex24 Ай бұрын

Even if subsidies are cut, the price would still be max RM3 for RON95.

@kokyenkeong7660 Ай бұрын

Better no more subsidi only for health care only got subsidi klinik kesihatan

@satishrao3020 Ай бұрын

I say cut subsidi but introduce Ron 93 in malaysia. Why need to maintain ron 95

@indiegameshark2520 Ай бұрын

Few points here : 1. The amount of subsidy used especially petrol subsidy, dont match the amount use by the rakyat. There's someone out there taking petrol locally and bringing out the border to sell. 2. The public transport is bad, very bad. Try to take bus to work, late by 1 hour+. 3. Alot of petrol producing country able to afford alot better subsidy not only just on petrol price but free education. 4. It's just corruption, that resulting in Malaysia owing more money. 5. Well we got Madani goverment that should've aim at corruption but no, they mostly target ikan bilis. The big boss behind the scene they dont dare to touch. ei : Najib can stay home for prison, anwar say non of his business.

@morbid747 Ай бұрын

@@indiegameshark2520Most people aren't aware that the country produces limited higher grade oil but most of those oil are converted into jet fuel etc to be exported to other countries. It has to import a lot of lower quality oil for Ron95 and Ron97 for local consumption. That's why when RM value drop and the international oil price goes up , it would costs the government more money to import despite offsetting the oil that it exports. Hence , the oil subsidy will only increase over time until it can no longer afford to subsidise it.

@muhammadhafizuddin4121 Ай бұрын

Tbh, the problem for our b40 community is their mindset. I m b40 myself but i know how to budgeting and spending wisely unlike most of my circle there are some low salary but always purchase like T20 and the saddest part is being selfish with their own family by buying expensive hobby like watch and bundle💀 despite earning only 2k. Its true there are no poor people only poor mindset.

@rck807 Ай бұрын

Poor mindset is also afflicted with our current national education quality.

@Eugenewong794 Ай бұрын

Even if you're a b40, if u can budget and spend wisely, you're ady better than 80-90% of other b40s, keep it up! Next is to learn how to increase ur income, and do that by investing in urself

@vertigoblack3000 Ай бұрын

If your mindset is not b40 you wont stay b40 for long. Good luck!

@henrywong9529 Ай бұрын

Not everyone plan well like you😢 some B40 buy expensive car when they cannot afford, and you can even them queuing for promotion of branded goods. If u plan well for financial, you are much better than majority of B40 right

@rlventures9866 Ай бұрын

B40 will triggered with your post but saddly its true.. i bought a house in B40 area and it takes me only 7 months before rent it out. I couldnt stay within that area because everyone is selfish park their cars in front of my porch area. Other than that, they just let their children play outside without monitoring.. i was so close to hit their children instead i was getting scold for reckless driving. Wth

@thejourno4273 Ай бұрын

Studied this at Harvard. Fuel subsidies overwhelmingly favour the rich. Any PM who remove the subsidy will no longer be PM unless they 1. give the money back to the nonT20 as a direct cash subsidy 2. convince people they are better off. Case study is Indonesia

@yxcheah7215 Ай бұрын

it will be the last PM and no more for the PM who cut the subsidy, you will see it in GE 16

@ywengsheng Ай бұрын

The rich also pay more income tax ..

@loftyparagon4499 Ай бұрын

Wrong analysis. Like roads stimulate the economy of the whole country. Fuel subsidy will allow more goods transported cheaper. Of chourse those who use it more gets more. A company can move tons of goods compared to individuals. Tax the goods win for country. Dont try to equalize benifit of tax. Equality is not posible, if you dont understan this dont brag ur from harvard. Put things in the right place is justice not equality.

@thejourno4273 Ай бұрын

@loftyparagon4499 How many trucks compared to cars on roads? who tends to own cars? what would a 60% increase in fuel costs spread across many items on a truck do to end cost to consumer given how large transport costs are in an items cost stack? by your logic we should build more roads and subsidise fuel even further. also subsidise all engine parts and car servicing who tends to use more fuel? rich or poor? rich people who drive bmw or poor people who ride motorcycle? or those who cant even afford public transport? this is about taking from rich to give to poor...where is the equality of tax benefit you speak of?

@thejourno4273 Ай бұрын

@@ywengsheng tax on income but not wealth yes

@Acekiller22 Ай бұрын

"when the poor are able to stand on their own feet and the cost of living is reduced, peoplo will be able to spend"? mind you, no gov in the world had actually successfully reduced cost of living of their people, any day any politician tell you to vote for them for lower cost of living is a total bullshit, cost of living will never go down

@faiz88ish Ай бұрын

Targeted subsidy is somehow unfair to T20 and M40 pay income tax whereas B40 not even eligible to pay tax or maybe pay lesser tax. With targeted subsidy implementation that focus on B40, should government raises the tax bracket as well ? M40 and T20 is somehow not eligible to get handouts but have to pay more tax. To make it worse, most high income are business owner which only pay corporate tax after revenue deducted from expenses. These business owners can just put their salary low and claim personal expenses as the company expenses that will reduce profit and eventually pay lesser corporate tax. See how many business owner drives company car as their own car. In a nutshell, salaried worker (middle income) that earn enough to pay personal tax and not eligible to get handouts are the one that is suffering.

@nelson6705 Ай бұрын

This is how capital market works, just accept it. Work hard to plan for your financial

@CattleFarmer667 Ай бұрын

How you think T20 and M40 make money? Indirectly thru spending of B40. When govt flush money to B40, T20 and M40 need to earn money from B40 by providing high quality goods and service. If govt flush money on M40 (eg fuel subsidy), T20 can make money from M40 but B40 makan roti.

@stmpo5595 Ай бұрын

Personaĺ income tax is still lower than corporate tax. Personal income tax of 19% is not even actual 19% if you compare to corporate tax.

@rashshawn779 Ай бұрын

T20 from work salary, and T20 business folks are different. They are in a different tax category. Most of business category will push the expense down the company. A salarymen/women just need to budget properly, and focus on more tax relief. B40 most of the time can't utilise the tax relief due to spending power limitation.

@derickhochinfai Ай бұрын

T20 exist because? Self made ah? B40 and M40 is the backbone of any economy. Try being T20 without involving M40 and B40.

@aaron_anil 28 күн бұрын

Once you redefine what is T20 and M40, malaysia will be classified as a low income country. Rm10k (usd 2.3k) classified as T20…what a joke

@rakyatprihatin Ай бұрын

I live in the rural area south. You know why, so many rich families can get government hand-out also. I don't know how and why. So many of their children work in Singapore bring back so much income to the families and still can get 'BRIM''. Please government do better research before giving out money. Parents can drive Audi and Merz!

@ZietInvests 20 күн бұрын

😅

@leetylv5321 Ай бұрын

Civil servant is bloated. This will reduce govt debts.

@zarith87 Ай бұрын

13% for civil servant.. Higher gomen servant salary would benefit private sector the most. if u learn economy. early fundamental chapter you will learn the concept of circular flow 4 sector in an market economy (google it). When civil servant has extra disposable income they will eventually spend goods and services in private sector, in return would gain more revenue/sales for firms, with higher revenues on firms/busineses, firms in turn pays more taxes to the government and firms also would able to pay higher wedges to its employees in the form of bonuses or whatever, as well as higher return for its investors, the firm's employees and investors now has extra disposable income to spend money in the economy result in a "multiplier effect" in an economy.. even if civil servant dont spend, the money would be deposits in Commercial Banks act as excess reserved allows banks to loans the deposits to private firm or to individuals.. you may think its small imagine a 13% wages increments for 1.7milliom civil servants in malaysia, the revenue for private sector would be huuggeeee... and business owners became richer.. higher demand in good and services also will result in higher prices in goods and services..

@edmundtaiping 27 күн бұрын

The definition of civil servant varies by country. Bulk of the civil servants in Malaysia consist of the armed forces, police, coast guard, doctors, nurses, medical assistants, firefighters, and teachers. Try doing their job and tell me it is bloated. In contrast, these jobs mentioned above are not considered as "civil servants" in our southern neighboring country.

@LordTakkun86 Ай бұрын

I'm scared if the budget that goes to other sectors. Like another 1MDB....

@tunperak1256 Ай бұрын

Sometimes I feel like T20 and M40 are being villainised too much. Aren't rich people T20 are the ones investing in the economy and help create more jobs in a country? And M40 have more income to keep investing and spending to drive the economy of a country? Every level of a country's citizen need to get some kind of benefit. What's more important is to keep corruption in check and at the lowest level possible.

@typoerror177 Ай бұрын

Still, subsidies like this are unsustainable in the long run. Malaysia could have gotten the MRT decades earlier if you think about all the money saved from subsidies.

@calebkai706 Ай бұрын

Is it really due to the subsidies or is it due to corruption. Any statistics on how big an amount of subsidies vs corruption is in a 10 year period? Perhaps we should first know where the real problem lies?

@kkhalifah1019 28 күн бұрын

@@8qk67acq5 Wait till you grow up, run your own company and manage costs, then you'll see the lunacy of paying the equivalent of salaries to non-employees like interns. You're already allocating time and manpower to provide education and hands-on training to them, now you have to pay them the equivalent of salaries too? They provide ROI to me, meh? When push comes to shove on your P&L sheet, you'll inevitably decide to put an end to the sense of entitlement and stop taking in interns. And it's funny that students are willing to pay good money to universities to teach them theoretical knowledge, but suddenly demand good money from companies to teach them practical knowledge. If you want good money, qualify as an employee first. The first thing I do when I bring in interns is to remind them that they're here to learn. Fast. And that they are NOT employees. Those who do not understand that will get an earful from me. While we do involve them in our day-to-day activities, as freaking ADULTS, they are expected to at least give a shit, develop a keen eye for learning opportunities and a sense of where their interests lie so that we can help them pursue those during their internship. If they just sit there expecting to be spoonfed or get away with the bare minimum just to get a useless scroll at the end of the year, they'll be asked to just make coffee and tea. Those that show great potential, we earmark them and offer them entry level positions later. Welcome to adulthood, where Starbucks don't come easy and money for lifestyle doesn't fall from the sky like in Instagram & Tiktok videos.

@sssanl6096 27 күн бұрын

stop licking the t20 and m40 boots will you?

@greenredwhite 20 күн бұрын

@@sssanl6096 haha stay b40 forever loser

@nelson6705 Ай бұрын

Your videos are becoming more and more sophisticated, keep it up!

@ZietInvests Ай бұрын

Woohooo thank you!! We try out best to deliver every video❤

@888slowspeed 28 күн бұрын

We were doing very well till 2018 when every one Scream INI KALILAH!!!

@annehannapink1691 20 күн бұрын

INI KALI LAH = TIPAH TERTIPU LAGI

@nasnazir 11 күн бұрын

you get what you pay

@888slowspeed 11 күн бұрын

@@nasnazir pay money but get monkeys

@rodneytannn Ай бұрын

Great video! Appreciate the production quality!

@calebkai706 Ай бұрын

Sorry, but I beg to differ. I think the sound effects are many times too loud that the speaker's voice can't be heard properly.

@whompahwwwz Ай бұрын

T20 who controls the economy will hike up the price of all goods/services for sure.

@ZietInvests Ай бұрын

It’s a capitalism world 🥲

@realgrilledsushi Ай бұрын

Even if they don’t, you nasi lemak makciks will😂

@wallstreetzoomer Ай бұрын

T20 create jobs or work in high level jobs. You can always go to Cuba or Venezuela.

@zarith87 Ай бұрын

no one can fight against supply demand law... not even God.. price hike either due supply shortage (external factors like expensive imports) or high demand (mainly consumers has extra disposable income - increase in wages)

@jasonlaw4797 27 күн бұрын

Sometimes things implemented not for the good of the rakyat but for the selected few

@seanchen9265 Ай бұрын

Love the delivery, much more better than Mr Money TV. Would be even better if your team can go down to the street to ask people too.

@leaf9530 Ай бұрын

Mr Money TV lost credibility to me when they used to promote Quantum Metal. Look where QM is at now... Also found it funny that they took down their QM videos after the news broke...

@ZietInvests Ай бұрын

Thank you so much sean! We’re glad you like our video😁 (we put a lot of work into them!!)

@tcaudiomute 27 күн бұрын

WOW this video is very insightful ! well done bro

@richardleong3427 Ай бұрын

Thanks for sharing, I would like to answer your question if public transport can be more efficient and time persistent I more than likely to use. I would like to highlight that given subsidy also want to help to build the local car manufacturers.

@susbedo9258 18 күн бұрын

I have seen the calculations from economists. The fuel subsidy removal is painful for me as a T20, but I understand it is the fatest way to overturn our deficit and help improve our fitch ratings and also improve our currency. Hopefully, it turns out well.

@liowyew Ай бұрын

See who will be the next government in next general election

@ZietInvests Ай бұрын

🫣

@hippo2020 Ай бұрын

How can the T20 group uses the biggest chunk of fuel subsidies really baffles me. I doubt they drives a lot or do GRAB work, typically they drives to work or leisure over the weekends. Those who did the gig economy will use even more fuel. In one of your slide, you mention one person drives a proton and the other drives a X5. But for every X5 vehicle out there, there could be 100 proton or even more.

@CattleFarmer667 Ай бұрын

Imagine you own Sri Maju, Transitional and Grassland. Also, take a look how poor people in Msia move around-Motorbike. I ride motorbike 20years ago to work and cost me weekly RM8 for fuel. How does fuel subsidy help me?

@sc9433 27 күн бұрын

Comparing petrol use for transport Service Industry against Private use is stupid to say the least. One is providing transport Services that is taxed by the government on their earnings for others who are willing to pay for the services while the other is 100% for private consumption that brings nothing to the table for anyone. Comparing Car to car basis, a BMW x5 Consumes more than 3 times the Petrol of a Saga travelling the same mileage. Not only expensive cars are wasting Tax payers money guzzling up fuel subsidies for their own enjoyments, they also bring nothing to the economy of Malaysia.

@sssanl6096 27 күн бұрын

ppl dont use bmw or lambo for grab lmao.

@mewt100 Ай бұрын

Can someone help? How much money is available to be withdrawn from the 10 %" flexi" account from EPF. During the covid period, the government of the day released RM140 billion into the market. Guess it kept the voters voting. What was the inflationay impact?

@jasontan6184 Ай бұрын

But not all T20 is driving a BMW, most of them living in city with higher living cost and have kids to raise. I think the better way would be increasing the number of electric car charging station, and make electric car that is affordable to Malaysian (or import). T20 really is the group that paying the most tax yet have to live with consequences of wrong strategic move by the gov, which leads to many of them working overseas and then our gov say brain drain is an issue.😊

@CattleFarmer667 Ай бұрын

Not all T20 drive BMW. But none B40 drive BMW, most ride motorbike. Problem with subsidizing T20 is they spend less subsidy money on local economy. B40 will spend every cent back to local economy.

@jasontan6184 Ай бұрын

@@CattleFarmer667 T20 may spend 80% of their money locally while B40% spend 100%, but money spent locally by T20 probably is still more than B40. There is nothing wrong with helping B40, but giving money is not the ideal solution. It's ok to reduce subsidy for T20, but at the same time gov should also give them other options to make sure we are moving towards an eco-friendly and cost efficient lifestyle.

@Bryan-dr5qy Ай бұрын

@@jasontan6184 With targeted subsidies, the money saved can be chanelled to infrastructure, public transport, and the green energy transition to EV cars. Big picture wise these all fit into the larger policy framework like with the NETR. In fact, it is part of the plan to provide better incentives for EV vehicles in order to decouple the aftereffects of fuel subsidy removals especially for the T20 who are in a better financial position to afford EV cars. Not only that but new buses will be electric after 2025 and with more money saved you get more buses and better integrated public transport. It all works in tandem and goes back to the public in tangible ways.

@jasontan6184 Ай бұрын

@@Bryan-dr5qy I still think option to switching EV should be ready before they cut the subsidy. Money can be raised from loan or or by reducing other unnecessary project like TRX, or there could be a project based scheme to let investor invest in EV charging station.

@Bryan-dr5qy Ай бұрын

@@jasontan6184 Which comes first should be designed with the desired mindset shift being taken into account. Announcing targeted subsidies early serves to generate the mindset shift towards EV as they are concurrently being rolled in. Even with the current incentives like no road tax for EV, people still see EV as a luxury for the rich as you can always just fall back on the cheap option, RON95. This is partly why as a strategy, the government had to announce this eventual shift to targeted fuel subsidies. It is against this backdrop that you see these EV incentives as a fleeting privilege that you need to cash in on quick rather than a premium luxury for the well-off. Not only would this targeted subsidy mechanism be more efficient in properly channeling the funds to where it is intended, at the same time, you give people a vested interest in transitioning to green energy which just so happens to aliign with the gov's more macro policies and goals.

@gracetang7612 17 күн бұрын

Not only subsidy cuts, but also new taxes and increase in taxes. A week ago, we received notice from the municipal council that our cukai tasiran will be increased by 25% starting January 2025. This came after PMX announced 13% hike for civil servants and ministers as well. Haprak punya govt.

@cplee4371 29 күн бұрын

but hike 13% civil servants' salary ???

@Dean-py6xp Ай бұрын

Well, done. Good explanation which is rare skill compared to our ministers.

@ZietInvests Ай бұрын

Thank you!

@lamkw6329 Ай бұрын

i dont know how gov will cut subsidy, is it a blanket subsidy? Note that many states don't have good public transport and rely on car heavily, perhaps the Rich or people around Klang Valley will not enjoy the subsidy? But i hope the money will be improved and build more public transport in each states :)

@indiegameshark2520 Ай бұрын

The public transport is a shame really. How many of us really wanted to buy a car if the public transport is as effiencent, none. So it's quiet weird that video suggest we buy a car coz it's the affordable petrol.

@ikky_mkb 20 күн бұрын

Subsidy rationalization is anything BUT rational The group that pays most of the taxes gets the shortest end of the stick, while the group that pays literally NO income tax whatsoever gets all the subsidy there is to provide. Meanwhile M40 getting stuck in the middle, living paycheque to paycheque, paying infinitely more taxes than B40 while having subsidies reduced or outright revoked, makes you wonder why the middle class is disappearing. If you want to rationalize subsidies, rationalize taxes too, no groups should be able to reap the benefits of subsidies without paying a single penny in taxes, it's outright abhorrent.

@shchoy Ай бұрын

Good video. However, the real problem in Malaysia is Corruption and inefficient governance.

@xplade9159 Ай бұрын

No matter how much a subsidy to the B40, it will not help them become financially intelligent..you just made them financially dependant on you....Targetted subsidy is a insult to the T20 and M40 thats use the fuel subsidy to convert for more productivity and value to our country....pls do not simply implement any unsustainable subdidy in future as you will have no way to cut it in the future....nobody will want to pay more regardless of their financial conditions or status... Malaysian should start to ask ourselves why the lower gdp countries like Indonesia and Thailand can survive without any fuel subsidy or food subsidy...yet our stupid govt even plan to spend 10billions just yesterday for a wages rise for our govt servants under this tough condition without any kpi nor targets set as a returns... Malaysian has been a spoiled kids by our poor Govt for the past 63 years....thus simply cut the subsidy will lead the madani govt to be 1 term govt for sure...

@CattleFarmer667 Ай бұрын

Our "stupid govt" can increase govt salary because of reducing subsidy to the rich. You should asking how SG can do so well without fuel subsidy. I give you a hint-subsidy to B40.

@mohamadhafiz1826 28 күн бұрын

removing or reducing the oil subsidy will subsequently reduce the demand for oil as well... people will have to really plan their journey... Demand for petrol has been increasing since covid (I guess people have more disposable income now?), so generally the amount of subsidy is increasing, in addition to the increasing oil price.

@supayakamupercaya 19 күн бұрын

What can we learn from Singapore is meritism and good governance, and from Thailand is to produce more of our own food. If we do targeted subsidies and import less food, then hopefully we can reduce food price which is important (I read comments in Facebook which said that food in Thai are cheap eventhough their fuel are expensive is partly because they dont import much food, and maybe no cartel?)

@mosasilaxus8231 26 күн бұрын

Mannn i cannot imagine the chaos when this happen

@user-sf5bt8eb4y Ай бұрын

I thought ron97 is unsubsidized? How come Thailand ron95 is more expansive than Malaysia ron97? are the numbers correct?

@calavino223 27 күн бұрын

if ron 97 is unsubsidized, we will be paying more than 6 ringgit lah per litre

@allena3430 21 күн бұрын

I go to malaysia for the v power racing. Ridiculously value. Sometimes the RON 97 which is almost 1:1 to the V power premium fuel in Singapore. Except it is in ringgit

@lokaskarak3442 28 күн бұрын

T20s use a lot of fuel . Are you sure? T20s work as driver and how many car can they drive?

@sc9433 27 күн бұрын

Comparing Car to car basis, a BMW x5 Consumes more than 3 times the Petrol of a Saga travelling the same mileage. Not only expensive cars are wasting Tax payers money guzzling up fuel subsidies for their own enjoyments, driving expensive cars contributes nothing to the economy of Malaysia. Each T20 car like BMW x5 takes up almost 4times the subsidies on ron 95 compared to saga as shown in the video. T20 although doesnt need the subsidies, but in reality benefits the most from oil subsidy for self enjoyments.

@willwai 28 күн бұрын

As you mentioned, Malaysia is the 2nd largest o&g producer in the region. Where has all the money go? Simple maths will tell you that we will have surplus if you sell expensive and buy cheap.

@brandenburg2388 27 күн бұрын

This situation was applicable a few decades ago but Malaysia is now a net oil importing nation. Current oil production is about 500,000 bpd while oil consumption is close to 1 million bpd. This is why the amount spent on the oil subsidy have increased multiple folds over the decades.

@fauzib2371 Ай бұрын

so, used the saved money from subsidy rationalization to increase salary of civil servant.

@KPPO200 Ай бұрын

more like the pension monies

@kckong3 Ай бұрын

what to do... it's their vote bank

@zarith87 Ай бұрын

13% for civil servant.. Higher gomen servant salary would benefit private sector the most. if u learn economy. early fundamental chapter you will learn the concept of circular flow in an market economy. When civil servant has extra disposable income they will eventually spend goods and services in private sector, in return would gain more revenue/sales for firms, with higher revenues on firms/busineses, firms in turn pays more taxes to the government and firms also would able to pay higher wedges to its employees in the form of bonuses or whatever, as well as higher return for its investors, the firm's employees and investors now has extra disposable income to spend money in the economy result in a "multiplier effect" in an economy.. even if civil servant dont spend, the money would be deposits in Commercial Banks act as excess reserved allows banks to loans the deposits to private firm or to individuals.. you may think its small imagine a 13% wages increments for 1.7milliom civil servants in malaysia, the revenue for private sector would be huuggeeee... and business owners became richer.. higher demand in good and services also will result in higher prices in goods and services..

@sc9433 27 күн бұрын

Fuel subsidy cut should targets the class of cars instead of targeting income group.

@Ameng3471 28 күн бұрын

Of course we love to use public transport esp LRT and MRT. when will it be available in JB? We dont have the luxury to have LRT overhere, so how? Is it justify the advantages only applicable to KL only?

@littlebrethren9486 Ай бұрын

cut subsidy masuk dalam pocket sendiri

@ZietInvests Ай бұрын

🫣

@syedputra5955 26 күн бұрын

In theory if subsidies are removed, there should be a surplus budget, and subsequently, the currency should strengthen. And cost of commodities priced in usd will start to fall. That was how Thai currency suddenly got stronger v myr. After they removed their fuel subsidies. But if removing subsidies but gomen uses that savings by unecessary spending of similar amount saved, and same deficit budget, then currency remains weak and savings wasted. Recent 15% civil service pay rise is a good example. Gomen cannot achieve growth target so the easiest is to boost economy is by spending more, at the risk of weaker currency and higher inflation.

@justice791 Ай бұрын

Since when does BMW enjoy Ron95 fuel? As what I know Ron 95 are only for vehicles under a certain cc. So who made this change that we have to come to this ridiculous subsidy reform when it was already running well.

@kengkuanlooi5864 Ай бұрын

Why BMW can't use ron95? Merz n audi are using 95 with no problem

@justice791 Ай бұрын

@@kengkuanlooi5864 I think it was like more than 10 years ago, because then we made the decision not to buy vehicles with engines higher than 1500 cc as we would not then be entitled to use Ron 95 petrol. I dont know what has happened since then, whether this decision was reversed.

@zarith87 Ай бұрын

bmw recommend ron 95 ron 97 is a waste.. read the manuals..

@caneestudio 28 күн бұрын

Does Thailand produce oil?

@rushdiahmad2435 21 күн бұрын

They do, currently no.4 behind Vietnam but ahead of Brunei

@lofu32 Ай бұрын

I'm super happy to end subsidies. If you reckon fuel subsidies benefit the rich then I assume the m40-b40 won't be complaining right. Secondly, you remove subsidies, government better remove car import tarrifs.

@wanotai91 29 күн бұрын

Fuel prices is not the major concern... its the aftermath of increasing goods prices as most companies will surely justify raising their prices as rising costs...

@stk206 21 күн бұрын

if LRTSs were dope AF, i would forget where i placed my car keys. Btw, LRTs are only in one state of the country. 13 other states have none.

@kwokmichael4895 Ай бұрын

Many chinese will suffer higher cost of living as many subsidy removal on the chinese.

@rayzeckz4573 28 күн бұрын

I have a car, yet i still take lrt to work because its more convenient and accessible. Im am thankful and lucky. But do you ever think about the people that doesn't have access public transport or its not convenient to them? What choice do they have? I live in putra heights, subang. I take lrt from there. Before the station was finished, i have to drive 1 hour 40 minutes and park at kelana jaya station. To say that people chose car over lrt is like saying why dont buy EV car instead of ICE. Do you know most people cant afford an EV car price, maintanance, repair cost etc? Back to main answer, our public transport is not good enough and made people drive cars.

@caneestudio 28 күн бұрын

What about GLC companies surely their existence could help in helping the cost of running the country.

@FirdausAmir 28 күн бұрын

4:10 mineral water more expensive than ron 95, see how crazy is that

@muhdajmel9473 24 күн бұрын

I don't think cutting down on subsidies is a bad thing. But when you cut down on subsidies, you should also cut taxes from the T20 and M40. I work with many M40, and coming from T20 background, most of us barely utilize government services. I have Takaful and company insurance to pay for my medical bills, an increasing number of people are going for private healthcare providers regardless of whether they have health insurance or not, an increasing number send their kids to private nurseries and schools due to their disagreement with government programs. The problem with many people in Malaysia is that they're applauding the government for being a Robin Hood government, the non-productive poor people keep receiving government aid, while the middle and upper classes are forced to keep on giving. Irrespective of who becomes the government, the government keeps on expanding with its unnecessary agencies like FINAS, RTM, RELA, ASWARA, and SUHAKAM. And God knows how much we waste on unimportant ministries like the Ministry of Tourism, Ministry of Communications, Ministry of Youth and Sports, and Ministry of National Unity. The government just raised the SST to 8%, and we are hearing discussions on introducing GST.

@TonyLee-th1vv 26 күн бұрын

Ride a fuel injection stock kapchai, perodua Axia for family vehicles, using Isuzu D-Max 1.9L for small business purposes, smart plan for every journeys, I am ready for the fuel price hike, even RM3.50 per liter for fuel of course got impact for expenses, but for business, I will raise reasonable price for consumers to compensate the fuel price hike.

@caytonkth8518 19 күн бұрын

With the high increase of minimum salary over the past few years and removal of subsidy, the country's M40 who worked hard to move up from B40 to M40 will become very poor soon. The focus is so much on B40 and T20, the M40 is being hammered like mad

@seanchen9265 Ай бұрын

I want use LRT 😂 but Sarawak boh ah...tiada...how?

@lamkw6329 Ай бұрын

i thought they building KUTS?

@csgx6281 Ай бұрын

Some work longer hours and harder (sacrifice personal life) to get more income and they are paying more tax to gov, and what they can get back ? This must be balanced otherwise more and more ppl will loss momentun to work harder and it's not good for country development

@rashshawn779 Ай бұрын

All working people sacrifices their time for money. You are wrong. Personal income tax is tiered. You are paying for the tier, not a blanket percentage. Everyone gets affected by the same tier structure, and can take advantage of the same tax relief based on your spending power. There is no unfairness. You just have to check back your own budget/financing options, the tier structure in where you sit, and how to reduce it via tax reduction.

@ronnieyong Ай бұрын

The Govt has not been clear where the money is going from the subsidy rationalisation. It is like the company you work for asking you to take on more responsibility to save the manpower cost, put in extra hours and then decide to channel the savings to some project which is waste of money. Can the PMX guarantee this will not happen ? yup no one can guarantee.

@masterseries4004 Ай бұрын

You did not trusting Anwar government, where to saving goes to. This thinking is logical, and validate. We Malaysian are need a system where everyone is treating fairly (pay tax for the services and equally distributed)

@ichhier5165 14 күн бұрын

I can't see the logic in this argument. Who will be hurt more by + RM 1 per litre? The one with an income of 30k or the one with an income of 3k?

@megstlimlim3386 Ай бұрын

Do the T20 include Jewels in Istana 😮😊

@shinrashen Ай бұрын

if targeted subsidy happen, all item price will increase, get ready for the bumpy ride ahead.

@yxcheah7215 Ай бұрын

From your noodle like food in kopitiam to high class restaurant all affection

@CattleFarmer667 Ай бұрын

If SG can do well without subsidy, Malaysia also can. The bumpy ride ahead is because we spent future money. Suck it up.

@rashshawn779 Ай бұрын

You are wrong. The cost of goods will always increase regardless of what happens, because of inflation. The government has been trying to shield the citizens from the actual cost of items for many years, and that inflation has gotten too high to manage. What you experience is the true cost of items that you were not aware of all this time. Changing the government will never fix this anymore, because the cost has gotten too much.

@yxcheah7215 Ай бұрын

@@rashshawn779 yes change government unable to solve the issue

@morbid747 Ай бұрын

@@CattleFarmer667The Malays who are generally poorer than non Malays due to large family unit are too well protected financially by the government in the country. It's going to be very difficult for them to cope without those subsidies. If they are desperate , i wouldn't be surprise to see them rioting in the streets burning down buildings and vehicles , raping and killing during the riots. This happened in 1998 during the Asian financial crisis in Indonesia. It can also happen in Malaysia.

@flowertowerrr 26 күн бұрын

Yes. The targeted subsidy can save money to help fund imdb2

@Kho66666 Ай бұрын

9:52 4 times a week😂 dang they drive a lot in a week.

@nirjharjajodia7169 Ай бұрын

Bro but salaries are also not increasing.. only 2 to 3 percent rise .. not beating inflation by 1 percent

@vister6757 Ай бұрын

It's a cycle when salary increases so are the business expenses hence everything else also increases. The better way is to make the country's economy better strengthening the currency.

@shaleshsundram 18 күн бұрын

There are a lot of ppl who are living on bantuan given by the gov. Bantuan is meant to aid the ppl, not support them for their whole lifes. There are a lot of ppl who have never worked a day in their life but just survive on bantuan from the gov. Why? There are many ppl that "berniaga" but in the gray when it comes to paying tax. Why? Bantuan comes from the money gained from the tax payers. How about encouraging people to work, offering them the options of limited bantuan and opportunities to work and earn. Which would boost the economy. Just my thoughts

@nelson6705 Ай бұрын

Is fair enough for the subsidy cuts, but where it goes? Goes to government servant salary??

@ZietInvests Ай бұрын

Cannot say like that wan…it’s for common prosperity🫣

@zarith87 Ай бұрын

@@ZietInvests13% for civil servant.. Higher gomen servant salary would benefit private sector the most. if u learn economy. early fundamental chapter you will learn the concept of circular flow 4 sectors in an market economy (google it!). When civil servant has extra disposable income they will eventually spend goods and services in private sector, in return would gain more revenue/sales for firms, with higher revenues on firms/busineses, firms in turn pays more taxes to the government and firms also would able to pay higher wedges to its employees in the form of bonuses or whatever, as well as higher return for its investors, the firm's employees and investors now has extra disposable income to spend money in the economy result in a "multiplier effect" in an economy.. even if civil servant dont spend, the money would be deposits in Commercial Banks act as excess reserved allows banks to loans the deposits to private firm or to individuals.. you may think its small imagine a 13% wages increments for 1.7milliom civil servants in malaysia, the revenue for private sector would be huuggeeee... and business owners became richer.. higher demand in good and services also will result in higher prices in goods and services..

@happysnu3866 Ай бұрын

who edited ur video btw?..awesome dude

@ZietInvests Ай бұрын

We have a team doing those!😋 glad you like em

@lingth Ай бұрын

I like how Malaysians like their subsidiaries.. it's slowly killing the country but to the Malaysians they need it and they will kick out whoever who suggest reducing it.. but as time pass 10 or 20 years or 30 years the % spend on fuel subsidiaries by govt will go higher and it will get worse for the next generation. Slowly killing the currency..

@CattleFarmer667 Ай бұрын

At least DSAI try to do something to reverse the trend.

@indiegameshark2520 Ай бұрын

The subsidy doesnt kill the currency, it's corruption & very little demand of RM. Thus every year Rm will drop against dollar. We havent gotten anything to offer the world. Dint get much investment compared to singapore. & mind you, singapore have zero natural resources still they're consider one of the top Financial hub after the collapse of HK financial hub.

@morbid747 Ай бұрын

@@CattleFarmer667His do something is not good enough. The reform is too limited and constricted by his temporary ally Umno warlords in the unity government. He couldn't get rid of the wasteful bumoputra policy , couldn't attract real foreign investment ( The BS MOA he signed overseas is not investment ) , couldn't get rid of corruption cases like Zahid' etc , couldn't turn around the economy into a more advanced higher value added industry like Chips , EV , bio-medicine etc.

@undudeme 28 күн бұрын

Subsidies or subsidiaries?

@skanthaadsigns Ай бұрын

If the Govt needs Revenue, change the Car Loan Policy from 9years down to 7years and for all Vehicles below 60k should be 5years loan. That should free up cash for them to pay higher/market prices, diverting Revenue to banks bank to the government coffers

@zarith87 Ай бұрын

God no.. that would make it worst.. shorter term loan = lowers disposable income = low demand for goods and services = low revenue for busineses = less taxes earned for gov..

@FirdausAmir 28 күн бұрын

0:20 that why still Singaporean try to use ron 95, ron 97 still cheaper compared to their ron 95

@wanjoe2057 Ай бұрын

I can watch n study everything about economy, effect, subsidy but can i escape the impact?no..just hadap je lah n pray only😢😢😢bcoz im not t20

@ZietInvests Ай бұрын

You actually can. Upskill yourself, sell your time, and venture outside of your comfort zone 😄

@akmalhijaz3584 28 күн бұрын

Cut the fuel subsidy, invest it in public transport (busses and train), rural area. Strengthen our supplier chain. Reduce reliance on import stuff (staple food etc). Invest in IT infra (attract more tech giant). Improve our education system. From one of the B40 here.

@lofu32 Ай бұрын

The problem of this subsidy problem is that oppositions love to weaponise this and blame the government. And the rakyat do not truly want to accept that these are growing pains.

@aol98889 29 күн бұрын

From all the comment I see people keep blaming T20 M40 and B40. I think most effective say is increase in GST or SST who spend more pay more fair it more fair. I think having price celling for certain essential thing. If not some business owner will take the chance to up the price in a not logical sense , I know some will say it supply and demand but 1 business increase price will lead to a chain reaction of other businesses so in the end everyone blame the government , T20 and M 40. If you put a price celling at least those it minimize the chain reaction. If those business cannot survive due the price hike it mean the business not as efficient and usually at it last leg already. Some might say this is cuel but some businesses are just zombies barely surviving juzt let die off Luxury Tax for goods bought overseas, some people nvr declare tax but can go overseas buy LV , Rolex , and ETC . They get government hand out but use luxury product and should ask them to declare their source of income . It might more interest and get more than tax . . Just my 2 cent . If you feel offended sorry in advance #lifehard

@ankllkmjd2 29 күн бұрын

U know what is the opposite of blanket subsidy of the fuel subsidy? The GST. Whoever consumes more gets more. Who ever spend more oso pays GST more. Gomen might consider GST later but i wud suggest to reinstate it now. And introduce it on the petrol consumption as well. No need to revoke the subsidy anymore as who put rm200 petrol will going to pay extra rm20. Let say its 10%. Maybe can do 15% for fuel only. Idk. Bcoz This also will be blanket to foreiger. Oso abolish all other rubbish new taxes for god sake. M40 gets affected the most. It's more unfair.

@jerrodtham 28 күн бұрын

In my opinion, the government should follow Australia method in developing the agriculture in Big scale not small scale like today. The government should focus bringing the heavy weight trucks and farms machines from overseas and start building factories in building those machines in Malaysia. This machine will make Malaysia number one in rice production, number one in vegetables production and also will be number one in poultry production and also cows 🐄 and goats 🐐 you name it.

@asiabrokersclub Ай бұрын

You can sense many grocery already up from Cameron. But all rakyat must be thrifty to reduce debt, personal or corporation, just have to write and plan.

@ZietInvests Ай бұрын

Inflation is indeed silent…

@ymca225 Ай бұрын

so the subsidy is paid by the people, isn't it better to just give the money back instead?

@ZietInvests Ай бұрын

Other than spending on the people n infrastructures, the money is also important to upkeep the financials of the national economy

@marktn9851 Ай бұрын

Subsidies come from taxes, people’s earned income. This usually fuel more inflation at the end which makes the rich richer, the poor poorer. However, most still wish for it.

@reofaizal1075 Ай бұрын

Its not about subsidy, its about governance and manage by the Government itself, deficiency in idea to boost Malaysian product, individual untalented MP's and controversy between the UNITY government that not UNITY at all. Last not least corruption is king.

@mc6674 Ай бұрын

The highlighting sound is very irritating

@BC-hl4qh Ай бұрын

One school of thought is that background music helps to improve concentration …. It’s a right brain left brain theory. Quite a number of KZfaqrs do this 😅

@ongheanseong3729 27 күн бұрын

For petroleum subsidy do it this way. When renew road tax pay the motorist the amount in one total amount for the year. Then charge market prices at the petrol stations. In this way the rich who use more will pay more Also all foreigners will pay market price. This way also encourage every motorist to renew their road tax promptly m

@Arquebusier89 Ай бұрын

Seriously, BMW using Ron95? Wth?

@ZietInvests Ай бұрын

There’s nothing wrong with that

@zarith87 Ай бұрын

almost all german cars recommend ron95.. ron 97 is a waste.. dint u read the manual?

@antnam4406 28 күн бұрын

Remove subsidy, Nigeria's new brave president removed it and there's extra money to fund other public need and helped reduce deficit.

@kckong3 Ай бұрын

Can someone tell me how much the govt spent on incentives for EVs over the last 5 years? surely the folks who received these incentives were the wealthy

@zafir7007 Ай бұрын

The more important question would be... Can Malaysia survive by giving out subsidies?

@xfram3league955 Ай бұрын

Those below would think, Yes, T20 should not get subsidi. But ask yourself this, who is paying to govern the country? The B40s? So giving back a little subsidi to the T20 is reasonable. The worst thing of all is the M40, subsidi also dont get, minimum wagers increase but their wagers dont get an increase, inflation increase but they dont get help, but they are expected to pay income tax as per usual. Sooner or later the gap between the B40 and the M40 will be very near. And worst case is you lose more T20 migrating elsewhere because they are heavily tax but there is no benefit for them. So yeah, take good care of the B40 cause they will be paying for the government expenses right?

@gkheng 29 күн бұрын

why this petrol cannot be purchase-first-claim-later with IC? not the best but definitely the best out of all the worst.

@Headwyres 28 күн бұрын

Malaysians will survive if they are not protesting and demoing in the Madani era compared to the Najib era. Period!

@rashshawn779 Ай бұрын

Income tax is fair because its tiered. I don't see what T20 whine about. Subsidy is government initiative to help back people who needs it. Don't blame government for your lifestyle inflation, regardless what category you are in.

@zeroxzero159 Ай бұрын

T20 that buys big cc cars already paid for in the ridiculously high excise duties and taxes imposed by government on cars. Almost 50% of price tag of those luxury cars, especially cbu cars are taxes and duties. We buy one Audi in Malaysia can buy 2 in original country. So if the people paying taxes arent getting benefits, why should they buy expensive cars and pay taxes and duties? If one day all rich people decide to just f it and stopped buying luxury cars and just move overseas, Malaysia sure finish one. Why do you think our gomen still dont abolish the insane excise duties despite P1 and P2 not national car company anymore? P1 is owned by China company and P2 is owned by Jepunis company... Nobody realises this. Gomen earn a lot of money by imposing ridiculously high excise duties on cars which is indirectly taxing the rich. So the rich are getting no benefit just because they are rich. The rich can get less but must not get nothing because it should be fair that all tax paying people in Malaysia should benefit.

@zarith87 Ай бұрын

GST is the answer..

@seghi111 16 күн бұрын

Apa susah..dah nampak subsidi petrol dah jd api dalam sekam buang je subsidi..duit itu diberikan secara tunai kepada b40 dan golongan peniaga,petani nelayan..yg group lain byr jela harga petrol ikut pasaran..yg subsidi harga makanan mentah tu ciput je pun..xluak pun duit negara kalau kekalkan..subsidi petrol tu yg terlalu mahal

@tenga3tango 27 күн бұрын

Brunei best lah. Free medical care, free education. Low housing and car loans . Long payback time.

@Eugenewong794 Ай бұрын

People want the easy life now, not realising that what money that gov spend now on subsidies instead of development, our descendents will not benefit from, my parents worked hard during their younger days so I can have an easier life now, and I'm gonna do the same for my next generation, in fact I'm gonna do one better and invest that money to grow it more so i can make up for the fact that I'm gonna work less but spend more time with my children

@titantitan8234 Ай бұрын

T20 pay more tax unlike some not eligible to pay.

@DontKnowDontCare Ай бұрын

But B40 don't really want the subsidies anyway.

@ZietInvests Ай бұрын

Oh they do…just that they might not even be aware of them

@crapsterslive 29 күн бұрын

I can't

@CyChong-vm2uf Ай бұрын

FYi the scribble sound and cash register sound are very irritating and covering what u said. Either u shd pause when playing those sound or dont play the sound at all

@roberttay4517 Ай бұрын

even a state like kelantan needs government subsidy every year for it hv.no brains to improve it's economy and it's peoples welfare. few mnc wants to invest in this state.

@morbid747 Ай бұрын

Flood and religious extremism. Imagine if i invest there facing flood problem all the time my business would not operate at full capacity and i would have to deal with those fanatics disturbing my business due to stupid reasons and haram this haram that issues.

@cplee4371 29 күн бұрын

So ?? Better to be a B40 ? Not ask for salary raise from your boss?

@geraldteng6224 12 күн бұрын

Malayisa = Always have ideas for solutions, but i do not have faith in it's execution. I expect it to be "Malaysia Boleh" style when the mechanism of fair wealth distribution exist only in talks but never in its actions. As the perspective of a weakening ringgit does not fair well in everyone's mind, desperation will set in, thus most will fend for themselves and find ways to mess up the system.

@ZietInvests 11 күн бұрын

Had to agree to your statement with a heavy heart🥹