MANAGING SOCIETAL IMPACT IS THE INTELLIGENT PART.
Companies and even the general public are aware that high-quality opportunities” come with needs for natural energy,” according to Mr. Rafizi.  ,
” That realization sort of provides a balance to the negative social narrative against any plan that has a knock-on effect on the public.”
He claimed for CNA that controlling the impact on society is the trickiest element.  ,
” I wo n’t say that we have done it well”, he said. There is still a long way to proceed, but we put significant factors first.
Malaysia has reached a crucial inflection point in its energy needs, he noted, referring to a name for a nation that goods more than it exports. Beyond this, he noted, it could become” a gross supplier” of oil and gas.
We are making our best efforts to inform the public that our energy mix is unsustainable if we do n’t pivot, he continued.  ,
” And therefore, the sooner ( we ) pivot, the better” . ,
Continuous WITH SUBSIDY RATIONALISATION ,
In the discussion with CNA, Mr Rafizi furthermore defended the president’s move to cut domestic energy incentives as a vital part of fiscal combination.
Malaysia on Jun 10 cut most of its diesel subsidies, which the authorities said was costing the country RM4 billion ( US$ 849 million ) annually.  ,
Following last year’s announcements to rationalize subsidies for chicken sales and electricity tariffs, the next government initiative was implemented to rebuild the country’s subsidy distribution system.
The changes are a result of a larger trend to stop paying for overly expensive cover grants.
The emphasis has always been on putting together the necessary system in place, according to Mr. Rafizi, “if you notice how we have managed the sequencing of sympathetic and significant policies, like the advertising of gas subsidies.  ,
When it meets certain internal standards, the state will decide whether to roll it out.
Business observers are currently carefully monitoring the upcoming step in the payment rationalization program.
” But I hope at the same time, the market understands by now that we intend to do it, and we have done it”, said Mr Rafizi on the president’s intention to continue with the program.  ,
Our fiscal combination strategy’s fundamental component is the payment rationalization program. It’s just that given the very dark of it and the awareness, it is best that the action- by- action is kept close to the president’s chest”.