BUKIT MERTAJAM: The increase in fares by Singapore travel agencies and tour buses, along with the busting of diesel-smuggling syndicates at the border, proves that the diesel subsidy rationalisation initiative should be continued, said Malaysian Prime Minister Anwar Ibrahim.
He added that the targeted diesel subsidies are critical to saving the country financially by stemming fund leakages caused by unscrupulous parties.
“All tour buses and travel companies from Singapore want to raise prices because they say they can’t get diesel subsidies, which means for decades, our subsidies went to Singapore companies, to Thai fishing boats. A lot of funds were leaking.
“Subsidies were benefiting 3.8 million foreigners, (diesel) taken out to…