Latest news with #PKR
The Sun
10 hours ago
- Business
- The Sun
Govt won't raise price of RON95 amid geopolitical tensions
ISKANDAR PUTERI: Prime Minister Datuk Seri Anwar Ibrahim has given assurance that the government will not raise the price of RON95 petrol, even if there is a sharp increase in global crude oil prices due to geopolitical tensions involving Iran and Israel. He said that although the price increase benefits the national petroleum company, the government aims to avoid burdening the people with higher fuel costs. 'Oil prices fluctuate. Currently, it is relatively low. (If) there is a sharp increase, the returns are good for Petronas, but it affects other countries. We are not increasing fuel prices,' he said. Anwar, who is also PKR president, told reporters this after a meeting with the Johor PKR leadership here today. At the same time, Anwar stressed that fiscal policies, including the reimplementation of the Sales and Service Tax (SST), must be implemented carefully so as not to pressure the lower-income (B40) and middle-income (M40) groups. 'Sometimes people get confused. For example, it was said that bananas are subject to SST. Actually, it's imported bananas. But we will clarify the matter. The important thing is, we do not want to burden the lower-income group,' he said. He also suggested that government departments and agencies serve local fruits during official functions as a way to support domestic production. 'For official receptions or government office events, use local food and fruits only. It's doable. Let's support local products,' he added. Anwar said the government is open to reviewing the list of goods and services subject to tax if there is confusion or unfairness in its implementation. Commenting further on the issue of SST on educational institutions, the prime minister explained that tax is only imposed on international schools that charge fees above a certain high threshold. 'Regular schools, private schools that charge RM10,000 or RM20,000 are not taxed. But if it's RM60,000 a year, then pay a little tax,' he said. Anwar also stressed that tax revenue will be used to fund public needs such as the construction of schools and the upgrading of public healthcare facilities. 'Wherever I go, hospitals are crowded. Many schools also need repairs. We need funds, and those come from taxes, but not from ordinary citizens. We target the upper class and foreign sectors,' he said.
Borneo Post
11 hours ago
- Business
- Borneo Post
Govt won't raise price of RON95 amid geopolitical tensions, says PM Anwar
Anwar says that although the price increase benefits the national petroleum company, the government aims to avoid burdening the people with higher fuel costs. – Bernama photo ISKANDAR PUTERI (June 19): Prime Minister Datuk Seri Anwar Ibrahim has given assurance that the government will not raise the price of RON95 petrol, even if there is a sharp increase in global crude oil prices due to geopolitical tensions involving Iran and Israel. He said that although the price increase benefits the national petroleum company, the government aims to avoid burdening the people with higher fuel costs. 'Oil prices fluctuate. Currently, it is relatively low. (If) there is a sharp increase, the returns are good for Petronas, but it affects other countries. We are not increasing fuel prices,' he said. Anwar, who is also PKR president, told reporters this after a meeting with the Johor PKR leadership here today. At the same time, Anwar stressed that fiscal policies, including the reimplementation of the Sales and Service Tax (SST), must be implemented carefully so as not to pressure the lower-income (B40) and middle-income (M40) groups. 'Sometimes people get confused. For example, it was said that bananas are subject to SST. Actually, it's imported bananas. But we will clarify the matter. The important thing is, we do not want to burden the lower-income group,' he said. He also suggested that government departments and agencies serve local fruits during official functions as a way to support domestic production. 'For official receptions or government office events, use local food and fruits only. It's doable. Let's support local products,' he added. Anwar said the government is open to reviewing the list of goods and services subject to tax if there is confusion or unfairness in its implementation. Commenting further on the issue of SST on educational institutions, the prime minister explained that tax is only imposed on international schools that charge fees above a certain high threshold. 'Regular schools, private schools that charge RM10,000 or RM20,000 are not taxed. But if it's RM60,000 a year, then pay a little tax,' he said. Anwar also stressed that tax revenue will be used to fund public needs such as the construction of schools and the upgrading of public healthcare facilities. 'Wherever I go, hospitals are crowded. Many schools also need repairs. We need funds, and those come from taxes, but not from ordinary citizens. We target the upper class and foreign sectors,' he said. – Bernama crude oil prices Iran Israel local fruits PM Anwar RON95 SST tax
Malay Mail
11 hours ago
- Business
- Malay Mail
Anwar: No RON95 price hike despite global oil surge, Iran-Israel conflict
ISKANDAR PUTERI, June 19 — Prime Minister Datuk Seri Anwar Ibrahim said the government would not raise the price of RON95 petrol following the increase in global oil prices and the ongoing conflict between Iran and Israel. He said the decision was taken because of its impact on the people and the country's economy. 'Price fluctuations for oil are a common feature, but the latest spike was particularly abrupt and was triggered by the recent Israeli military assault on Iran. 'Previously, oil prices were low, but the increase this time has been quite sharp. The recent price hike is partly due to increased demand and also contributes to national revenue,' he told reporters after attending a close-door Johor PKR leadership event held at the Mall of Medini here today. Anwar attended in his capacity as the PKR president. Anwar, who is also the finance minister, assured that there would be no immediate changes to domestic oil prices. He said that any future price adjustments would be made after taking into account the needs and financial capacity of the people. Previously, it was reported that oil prices could soar to US$130 (RM553) per barrel if Iran decides to close the Strait of Hormuz. Tehran was considering closing the strait in response to the Israeli attack. The strait handles 20 per cent of global oil shipments and 80 per cent of oil and liquefied natural gas (LNG) trade for Iran, Saudi Arabia and the United Arab Emirates (UAE). On a separate matter, Anwar denied that he knew the names of three senior policemen whose names will be presented to the Yang di-Pertuan Agong, Sultan Ibrahim Sultan Iskandar for the next Inspector-General of Police (IGP). He said that he will have to check. Earlier today, it was reported that the names of three IGP candidates to replace Tan Sri Razarudin Husain have been sent to Istana Negara. Razarudin will end his contract on June 22 after two years at the helm of the country's police force. It is understood that the three names mentioned are Deputy Inspector-General of Police, Tan Sri Ayob Khan Mydin Pitchay; Internal Security and Public Order Department director Datuk Seri Azmi Abu Kassim and Special Branch director Datuk Seri Mohd Khalid Ismail.
Barnama
12 hours ago
- Business
- Barnama
Govt Won't Raise Price Of RON95 Amid Geopolitical Tensions
GENERAL ISKANDAR PUTERI, June 19 (Bernama) — Prime Minister Datuk Seri Anwar Ibrahim has given assurance that the government will not raise the price of RON95 petrol, even if there is a sharp increase in global crude oil prices due to geopolitical tensions involving Iran and Israel. He said that although the price increase benefits the national petroleum company, the government aims to avoid burdening the people with higher fuel costs. 'Oil prices fluctuate. Currently, it is relatively low. (If) there is a sharp increase, the returns are good for Petronas, but it affects other countries. We are not increasing fuel prices,' he said. Anwar, who is also PKR president, told reporters this after a meeting with the Johor PKR leadership here today. At the same time, Anwar stressed that fiscal policies, including the reimplementation of the Sales and Service Tax (SST), must be implemented carefully so as not to pressure the lower-income (B40) and middle-income (M40) groups. 'Sometimes people get confused. For example, it was said that bananas are subject to SST. Actually, it's imported bananas. But we will clarify the matter. The important thing is, we do not want to burden the lower-income group,' he said. He also suggested that government departments and agencies serve local fruits during official functions as a way to support domestic production. 'For official receptions or government office events, use local food and fruits only. It's doable. Let's support local products,' he added. Anwar said the government is open to reviewing the list of goods and services subject to tax if there is confusion or unfairness in its implementation.
Malay Mail
12 hours ago
- Business
- Malay Mail
Govt to clarify expanded SST, won't burden M40 or lower-income groups, says PM Anwar
ISKANDAR PUTERI, June 19 — Prime Minister Datuk Seri Anwar Ibrahim said the government will provide a more detailed explanation regarding the expanded Sales and Service Tax (SST), which will take effect on July 1. He acknowledged that there was confusion regarding the expanded tax and the government aims to ensure that its implementation will be done in a targeted manner. 'I agree that the government needs to give an explanation and to clarify the matter. 'What is important is that we do not want to burden the lower-income groups or the M40,' he told reporters after attending a close-door Johor PKR leadership event held at the Mall of Medini here today. The prime minister attended in his capacity as the PKR president. Anwar, who is also the finance minister, explained that previous general statements on the expanded SST had also caused some confusion. He gave an example of a statement saying that bananas were soon subjected to the SST, but clarified that this only applied to imported bananas. 'This issue has created some confusion where the public argued that even the poor consume fruits. 'This is an area where the government can address to the public in addition to making one or two changes,' he said. Anwar said taxation was an important feature for the government as it will see to better schools and public hospitals. 'We have to think of where the government can get funds to maintain public hospitals with better facilities and improved school buildings,' he said, adding that such taxes are mainly for those that are in the higher income bracket and foreigners.
