The government is studying proposals submitted by companies to help implement the proposed RON95 and diesel subsidy

rationalisation scheme next year.

Deputy Finance Minister, Ahmad Maslan (below) , said under the Domestic Trade, Cooperatives and Consumerism Ministry's request for proposals on how to implement the subsidy scheme, three criteria were set to ensure it would not burden the rakyat.

"First, it must be practical, easy, effective and must not have loopholes.

"Second, the cost to implement it must be reasonable and not too high.

"Third, we have to look at how much the government can reduce the subsidy with the introduction of the system," he said.

   

Ahmad said this after witnessing the signing of memorandum of understanding between Agrobank and Persatuan Orang Kota Bharu Kuala Lumpur, Putrajaya dan Selangor (POKB) here today.   

   

Meanwhile, under the MOU, 2,500 POKB members living here, Putrajaya and Selangor would benefit from Agrobank's Takaful Insurance coverage.

- Bernama

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