S P Setia maintains positive outlook amid government’s fuel subsidy rationalisation

• Datuk Choong Kai Wai, president & CEO, assured that S P Setia will emphasise “cost control and operational efficiency to foster sustainable growth through these economic shifts”.

SHAH ALAM (June 6): S P Setia Bhd feels that the government’s fuel subsidy rationalisation plans should only have a “minimal the direct impact on our business operations”. This is after S P Setia had “evaluated” the situation, the developer stated in a media release today.

“Nevertheless, we recognise the possibility of knock-on effects within the broader supply chain,” it added.

Datuk Choong Kai Wai, (pictured) president & CEO, assured that S P Setia will emphasise “cost control and operational efficiency to foster sustainable growth through these economic shifts”.

The company is streamlining its supply chain and using digital and renewable solutions to optimise costs and environmental impact.

“Setia's holistic strategy includes proactive stakeholder communication, ensuring resilience in a changing economic environment,” stated the developer

"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," Choong added.

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