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MRCB says business not impacted by diesel subsidy rationalisation | Scoop
Malaysian Resources Corporation Bhd has said it has always utilised diesel fuel at commercial rates for all its development and construction projects, including those managed by subcontractors. – MRCB pic, May 28, 2024
News

MRCB says business not impacted by diesel subsidy rationalisation

Property developer says operational efficiency, project timelines, service delivery or cost base not affected

Bernama
Updated
11:20 AM MYT

 

KUALA LUMPUR – Malaysian Resources Corporation Bhd (MRCB) anticipates that the rationalisation of diesel fuel subsidies will not affect its operational efficiency, project timelines, service delivery or cost base.

In a statement, the property developer acknowledged that the policy change announcement had prompted queries among stakeholders about the potential impact on the group’s business operations and operating costs going forward.

“MRCB has consistently utilised diesel fuel at commercial rates for all its development and construction projects, including those managed by subcontractors.

“The removal of the diesel fuel subsidy will therefore not affect our operational efficiency, project timelines, service delivery, or cost base,” it said.

The group assured all stakeholders that MRCB remains committed to delivering high-quality products and services at competitive prices.

“MRCB wholeheartedly supports the government’s initiatives to rationalise subsidies as part of broader economic reforms necessary to foster inclusive and sustainable economic growth over the long term,” it said, adding it firmly believes the measures are critical and will contribute to the prosperity of all Malaysians. – May 28, 2024

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