Prime Minister Anwar Ibrahim, who also serves as Finance Minister, will be tabling Budget 2025 on October 18. Four months after cutting back on subsidies for diesel, the government is expected to do the same for RON 95 petrol, but analysts are divided on whether the subject will be addressed in Budget 2025’s tabling. RHB Investment Bank’s Energy sector (oil & gas, utilities) analyst Sean Lim said in the investment bank’s research note, “We believe there is a possibility that the RON 95 subsidy r

Hans

Sep 26, 2024

Fuel price movements in Malaysia from 26-Sept to 2-Oct 2024 are as below, following a 6 sen drop in RON 97 fuel: Fuel Price Update 26-Sept to 2-Oct 2024 RON 95 RM 2.05 RON 97 RM 3.19 RON 100 RM 5.00 Shell V-Power RM 6.30 Diesel EURO 5 B10 RM 3.01 Diesel EURO 5 B7 RM 3.21 Follow fuel price live updates: Petrol Price Malaysia

Sanjay

Sep 25, 2024

Bloomberg reports that Geely Auto is set to assemble vehicles in Vietnam, with a USD 170 million (around RM 700 million) plan to build an assembly plant and expand local production. Partnering with Hanoi-based Tasco Joint Stock Company, Geely’s new facility will be able to crank out up to 75,000 cars a year, as confirmed by a company statement. Of the total investment, Geely’s contributing 36%, with the rest of the cash coming from Tasco. That means Geely will shell out around USD 60 million (ar

Shaun

Sep 25, 2024

At a recent launch conference in Nanning, China, SAIC-GM-Wuling (SGMW) announced its “One, Two, Three” ASEAN strategy to build a new energy vehicle (NEV) industry chain in the region by 2030. It also unveiled a bold concept representing the joint venture’s new goals for Southeast Asia. Called the “Light of ASEAN”, the concept has a sharp, clean look representing a design language for the region but its biggest draw is the pair of large gullwing doors. As fancy-looking as it is, we wouldn’t expec

CY Foong

Sep 25, 2024

Earlier this month, BMW Malaysia announced the locally-assembled (CKD) G60 2024 BMW 520i M Sport, priced at RM 376,700 on-the-road, minus insurance, with their five-year Service & Repair Inclusive package – that's warranty and free service bundled up. Now, we’re bringing you live photos of the new entry-level BMW 5 Series variant. On the outside, it's all about the M Sport package. You get 19-inch double-spoke 935 M bicolour wheels and the menacing M high-gloss Shadowline trim. You get Adaptive

Shaun

Sep 25, 2024