MP SPEAKS | Prime Minister Anwar Ibrahim announced on May 21 that the cabinet had agreed to begin targeted diesel subsidies, starting with Peninsular Malaysia. This exercise will eventually encompass most fuel subsidies – such as for RON95. The prime minister has stressed that subsidies will still be given to the “B40” group and to crucial users like taxis and fisherfolk. He has pledged that only the wealthiest will need to pay more and that the savings (an estimated RM4 billion annually for diesel alone) will go to appropriate cash aid for the less well-off. The exact mechanism of how we inte…