RM1.5 Trillion and a Month of Shock: What Malaysia Can Still Do Now.
When the Strait of Hormuz tightened in March 2026, Malaysia did not suffer a blackout. There were no rationing queues and no sudden industrial shutdowns. What happened was quieter, but in some ways more revealing. The monthly fuel subsidy bill rose from about RM700 million to around RM3.2 billion in late March 2026, driven by
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