Chairman PEMANDU Associates, Co-Chairman Sunway, ProChancellor Sunway Uni, Chairman Heineken Msia, Former Minister Msia Govt, Former CEO Msia Airlines, ex Shell
Malaysia
Joined March 2011
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Idris Jala retweeted
The session (moderated by Dato’ Sri Mustapa Mohamed - Tok Pa @Mustapa_Mohamed ) brought together brilliant minds: Dato’ Sri Idris Jala @IdrisJala_ , Datuk Dr. Anis (UM), Dr. Apurva (World Bank), alongside PwC Malaysia & Pertama Digital.
Idris Jala retweeted
Bukan episod Sembang Dalam Kereta yang biasa tapi kali ini ada konsert mini daripada @IdrisJala_ & @ShahrilHamdan
Tonton video penuh sekarang di YouTube: youtu.be/yi72zEPZxJA
#icymi #KSLagi #KeluarSekejapLagi
Idris Jala retweeted
🇲🇾-ians, feeling miffed about higher taxes?
if any consolation, America’s IRS has plans in place to collect taxes even after a nuclear war!
Idris Jala retweeted
Elon Musk: We should not take American prosperity for granted. We have to reduce the size of government, reduce the spending, and live within our means.
Idris Jala retweeted
Spent a delightful morning with the iconic Tan Sri Mazlan singing this classic Malaysian song on our very first attempt 😊
Someone pls alert Siti Nurhaliza…hope she doesn’t issue a restraining order!😅
Idris Jala retweeted
Tarif 47%? Mana ada!
Malaysia menafikan dakwaan pihak berkuasa AS bahawa negara kita mengenakan tarif 47% ke atas import Amerika Syarikat (AS) ke Malaysia.
Walaupun impak penuh tarif timbal balik AS sedang dinilai, Kerajaan MADANI yakin asas ekonomi negara kekal kukuh. Pelbagai langkah strategik sedang dilaksanakan, termasuk memperkukuh rantaian bekalan dan meneroka pasaran baharu.
Malaysia percaya perpaduan ASEAN adalah penting dalam menghadapi cabaran ekonomi global. Saya sendiri akan mempengerusikan mesyuarat khas Menteri Ekonomi ASEAN pada 10 April ini bagi menyelaraskan respons serantau terhadap isu ini.
Pada masa yang sama kita akan terus bekerjasama dengan AS untuk mencari penyelesaian yang adil, sambil memperkukuh daya tahan ekonomi negara.
#TZA #MITI #PemacuPotensiGlobal #myASEAN2025 #memacuekonomiASEAN2025 🇲🇾 🌺 #MADANIBekerja #tarif #USA #perdagangan #ekonomi
Idris Jala retweeted
Full Trump / DOGE / Musk Executive Order Signing Press Conference
Check Out Our LiveStream For More News And Reports:
xitter.cf/i/broadcasts/1dRKZYzyD…
Idris Jala retweeted
Here are my favorite songs from this year! Check them out if you’re looking to shake up your playlist – and let me know if there’s a song or artist I should make sure to listen to.
Idris Jala retweeted
Government overspending is what creates inflation.
We need to make that link crystal clear to the American people!
Idris Jala retweeted
$10,000 invested in equities in June 1974 would today be worth $2.4 million.
(If invested in housing, it would be worth $139,000 today.)
Idris Jala retweeted
📣 My friend & colleague @IndermitGill coined the iconic term “Middle-Income Trap”
Now the World Bank Chief Economist, he’s coming to M’sia to talk about it!
Live in KL on June 11, w/ @n_izzah , @IdrisJala_ , @JohanMerican, & me
Moderated by the perspicacious @shouningbfm !
ALT https://zoom.us/webinar/register/WN_7nmLhMBgSAGplCavxbi0Qw#/registration
Idris Jala retweeted
Overall, M'sia is getting serious about subsidy reform💪
RON95 is now the litmus-test
- Ensuring adequate cash transfers for the poor
- Securing middle-class buy-in
- Emphasizing climate benefits
and, oh, dollops of luck, prayers, blessings will all help make it stick😅
END/
Idris Jala retweeted
Btw, Msia is thinking of a carbon tax to help reach net zero by 2050
But having a carbon tax & RON95 subsidy is like putting one foot on a car accelerator & the other on the brake at the same time!
So RON95 reform will also help meet Msia's climate target
Idris Jala retweeted
But it’s really the middle class -- who use more fuel than the poor & will not receive cash transfers -- who'll be hurt the most
So using some subsidy savings to help them -- and/or other complementary reforms -- will secure their buy-in & ensure overall success
Idris Jala retweeted
The rich should manage w/o subsidy -- despite complaints!
Btw, funny how many rich folks in M'sia complain about money they *cannot* keep!
Idris Jala retweeted
RON95 reform, which stands to re-shape the social contract -- can't just be about fiscal
So reform narrative becomes all-important:
The poor should benefit (assuming off-setting mechanisms like increased cash transfers are in place -- that's super-important)!
Idris Jala retweeted
Also, knock-on effects could lead to huge variations across sectors (Fig)
So will need to monitor sectoral impacts
ALT Impact is calculated based on unsubsidised RON95 and diesel prices to be RM3.05 and RM3 per litre, respectively.
Idris Jala retweeted
RON95 reforms can lead to one-time increase in price levels -- that could rise btwn 5% to 9% -- depending on global energy prices
So timing becomes important -- introduce RON95 reforms when energy prices are relatively low
(and pray there are no global inflationary shocks)!