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Pricing reform on Malaysian government agenda

The country's costly fuel subsidies are in the spotlight as Najib Razak's government sets its policy priorities for the coming years. Damon Evans looks at the issues

Following elections held in May, the outlook for pricing reform in Malaysia is positive, although change may take some time.Malaysian Prime Minster, Najib Razak, told the Asian Oil & Gas Conference (AOGC) that there is an urgency to rework pricing and that "we must do more" to rationalise subsidies. But he stopped short of announcing any clear policy initiatives as his Barisan Nasional (BN) coalition, which was narrowly reelected in May, strives to cut its fiscal deficit.    Given the slim victory, the United Malay National Organisation-led (UMNO) coalition is expected to reduce subsides very slowly and will be cautious about making any forma

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