Minimal direct impact on SP Setia's ops from fuel subsidy rationalisation
KUALA LUMPUR: SP Setia Bhd said there should be minimal direct impact from the government's recent fuel subsidy rationalisation on its operations.

In a statement, the property developer said it has evaluated the potential impact of the government's recent fuel subsidy rationalisation announcement on its operations and overarching cost framework.

While the group's operations are not directly reliant on subsidised diesel, it said it recognised the possibility of knock-on effects within the broader supply chain.

President and CEO Datuk Choong Kai Wai said SP Setia is emphasising cost control and operational efficiency to foster sustainable growth through these economic shifts.

He said the company is streamlining its supply chain and embracing digital and renewable solutions to optimise costs and environmental impact.

SP Setia's holistic strategy includes proactive stakeholder communication, ensuring resilience in a changing economic environment.

"We continue to monitor market trends diligently, with our strategic focus on keeping Setia's operations insulated from immediate volatility and securing sustainable advancement amidst the shifting economic landscape," he added.
Property,SP Setia,fuel,diesel,subsidy,rationalisation
KUALA LUMPUR: SP Setia Bhd said there should be minimal direct impact from the government's recent fuel subsidy rationalisation on its operations.