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UEM Sunrise Assures No Impact Amid Diesel Subsidy Rationalisations

KUALA LUMPUR, 23 May 2024 – In light of the recent announcement by the YAB Prime Minister concerning the diesel subsidy rationalisation, UEM Sunrise Berhad ("UEM Sunrise" or the "Company") understands the concerns from our stakeholders regarding whether these changes would affect our operations and services.

We wish to clarify that as a property developer, our operations, including those of our contractors, have only been utilising diesel fuel at a commercial rate. Hence, the removal of the diesel fuel subsidy would not impact our performance and service delivery. We would like to assure our stakeholders that we remain dedicated to providing high-quality products and services to our customers.

Additionally, we continue to support government efforts to improve and strengthen the overall economy.  These initiatives are vital for sustainable economic growth, and we pledge our commitment to contributing positively to these goals.