TNG Digital recently issued an official statement regarding its RON95 Subsidy initiative for its staff that was published a day ago. As of this publication, that initiative has been put on ice and is pending an internal review.
“Following further internal review, the company has decided not to proceed with the initiative and will take additional time to ensure that any initiative is implemented in a manner that is responsible, sustainable, and appropriately aligned with current external conditions and considerations. TNG Digital remains committed to supporting the well-being of its employees in meaningful and practical ways. Through our Care+ Initiatives, we will continue to refine and expand our approach to deliver more holistic support, extending beyond the work environment to better meet our people’s everyday needs.”
To quickly recap, the original report basically covered TNG Digital’s initial intention to implement an additional RON95 subsidy initiative for all its Malaysian employees. The goal was simple: provide an additional subsidy for Malaysian staff members, on top of the existing BUDI95 fuel subsidy, which currently allows citizens to purchase up to 200 litres of RON95 petrol at RM1.99 per litre.
“Our responsibility as a company goes beyond building products for millions of Malaysians. It extends to taking care of the people who build those products every day,” Alan Ni, Chief Executive Officer of TNG Digital, said prior to the retraction of the initiative. “When something as essential as a daily commute becomes a growing concern, we believe companies like ours should step forward and act. This initiative reflects the kind of company we are building, one that supports people in practical, meaningful ways.”
Less than 24 hours after the announcement, TNG Digital reached out to all media and publications, asking us to remove the story and issuing an apology on the matter. “We sincerely apologise for any inconvenience this may cause and appreciate your understanding on this matter. We will share further updates once the review is completed.”
While no official reason has been given as to why TNG Digital has done a sudden U-Turn, it’s not hard to see the potential reasons behind its decision. As a start, the government recently slashed the fuel subsidy from 300 litres per person down to 200 litres. That, in turn, is also caused by a more global reason: the skyrocketing price of oil, brought on by the ongoing war between the US, Israel, and Iran, which has led to the closure of the Strait of Hormuz.
(Source: TNG PR)
