The Malaysian government’s plan to cut fuel subsidies by mid-2025 is a key policy in the country’s fiscal reform strategy, but it is also bracing for a public backlash.

Malaysian Economy Minister Rafizi Ramli has announced that the country will reduce petrol subsidies this year to reduce its fiscal deficit.

Indonesia’s Finance Minister Sri Mulyani Indrawati on March 20 said that Indonesia’s Government will spend 7 trillion rupiahs (nearly 456 million USD) from its State’s budget to subsidise the sales of new electric motorcycles and the conversion of combustion engine motorcycles in two years 2023 and 2024.

The total amount of subsidies for Malaysian people is expected to reach near 80 billion RM (nearly 20 billion USD) in 2022, according to Malaysian Minister of Finance Zafrul Tengku Abdul Aziz.

The Malaysian government still has sufficient funds to continue to provide fuel subsidies to the people despite rising global crude oil prices, Finance Minister Tengku Zafrul Abdul Aziz has said.

The Ministry of Industry and Trade and Ministry of Finance on March 27 announced the prices of petrol are kept unchanged from 15:00 on the day as compared to the latest adjustment.

More farmers in Thailand have registered for subsidies and occupation shifting allowance from the government.

The Canada Border Services Agency (CBSA) has made final determinations of dumping and subsidizing in respect of certain copper pipe fittings (CPF) from Vietnam, according to the Ministry of Industry and Trade.

Thailand is likely to face a challenge at the World Trade Organisation (WTO) from Brazil over subsidies for sugar producers, according to local media.