GST, HVGT, could resurface as part of Budget 2025 alongside RON95 rationalisation, says RHB analyst. Are we ready?
Home News Auto News Greater KL’s Congestion Causes A RM20 Billion Loss To The Country Greater KL’s Congestion Causes A RM20 Billion Loss To The Country Auto News Jim Kem | June 17, 2015 12:31 pm A recent report by the World Bank’s Malaysia Economic Monitor brought to light a rather worrying figure. Kuala Lumpur’s notoriously congested roads, and that of its surrounding areas, lead to a gigantic sum wasted, measured in the billions of Ringgit. It’s not just stress and wasted petrol that accumulates in crawling traffic. In fact the report stated that, all told, this can slice away between 1.0 to 1.8 percent from Malaysia’s 2014 gross domestic product."Including the costs of fuel wasted and the economic cost of carbon dioxide and other emissions, the total cost of congestion in Greater Kuala Lumpur is estimated conservatively at 1.1 –2.2 per cent of GDP in 2014. These estimates do not account for the reduction in subjective well-being with commuting."It went on to detail the most key driver for Malaysia’s – and indeed Kuala Lumpur’s – rapid growth, urbanisation. Only 51 percent of the population lived in cities as of 1985, whereas now that metric has leaped to 75 percent.This shift helped to centralise the country’s economic and social development as well as to increase productivity and economic opportunity, resulting in the ballooning of the middle class and a decrease in poverty.But there is a downside to all this new money, especially on the cities that were founded on a much smaller population. Urban mobility becomes a concern and, like a glass ceiling, is a looming threat to any the city’s growth."Today, road congestion is increasing in Malaysia's cities - there is insufficient public transit as an alternative to car use, and public satisfaction with public transport is low," the World Bank’s report continued.So the next time you’re stuck in traffic, a sobering thought would be that that very gridlock is contributing to an RM20 billion annual money-drain.The urban mobility conundrum has been tackled in a number of ways in cities across the world. Clever construction of road networks, tunnels, highways are the most obvious – and Kuala Lumpur has no shortage pavement, above or below.The real gains come from a mass adoption of public transportation, which occurs when it becomes more than just a mere alternative but a primary means of getting around; when parking and driving into the city is just too much of a hassle by comparison.With the new MRT network under construction, the severity of this problem might be on the cusp of recovery, as the new line reaches heavy populated areas that are in dire need for railed mass transit.At the same time, Kuala Lumpur’s focus on the bicycle may slowly push its way into the public consensus. Granted, Malaysia’s weather doesn’t always guarantee a sweat-free ride. However, it does make sense for short distances, especially if bike lanes are constructed under the shadow of elevated highways and MRT or LRT routes. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags Driving Economy Emissions GDP Kuala Lumpur Malaysia Public Transportatio Traffic Print Jim Kem Content Producer There's just something about cars. It's a conveyance, it's a liability, it's a tool; but it can also be a source of joy, pride, inspiration and passion. It's much like clothes versus fashion. And like the latter, the pursuit of perfection never ends. Related News Traffic Congestion Could Adversely Affect Driver’s Psychology, Experts Say Insights Jim Kem | July 06, 2015 The kind of severe traffic congestion that occurs in major cities and very large towns – like those within the Klang Valley – can adversely affect ... KL City To Have Fewer Parking Lots, Suggests Mayor Auto News Chris Aaron | May 25, 2015 According to a new report by The Sun Daily, Kuala Lumpur City Hall is expected to reduce parking spots in the city.The move has been suggested by ... Malaysian Economy on Track for Solid Growth in 2022 - Potentially Higher Car Sales? Auto News Mohd Helmi Hasan Adli | November 16, 2022 On Nov 14th, Bank Negara announced Malaysia's growth domestic product expanded to 14.2 per cent in the quarter that ended September 2022. This ... Closure Of Jalan Ampang, Sultan Ismail For KL City GP Resurfacing Until July 4 Auto News Jim Kem | July 02, 2015 Starting Wednesday, July 1st until Thursday July 2, the Kuala Lumpur City Hall (DBKL) will be shutting down Jalan Ampang, Jalan P. Ramlee, and Jalan ... Comments
Greater KL’s Congestion Causes A RM20 Billion Loss To The Country Auto News Jim Kem | June 17, 2015 12:31 pm A recent report by the World Bank’s Malaysia Economic Monitor brought to light a rather worrying figure. Kuala Lumpur’s notoriously congested roads, and that of its surrounding areas, lead to a gigantic sum wasted, measured in the billions of Ringgit. It’s not just stress and wasted petrol that accumulates in crawling traffic. In fact the report stated that, all told, this can slice away between 1.0 to 1.8 percent from Malaysia’s 2014 gross domestic product."Including the costs of fuel wasted and the economic cost of carbon dioxide and other emissions, the total cost of congestion in Greater Kuala Lumpur is estimated conservatively at 1.1 –2.2 per cent of GDP in 2014. These estimates do not account for the reduction in subjective well-being with commuting."It went on to detail the most key driver for Malaysia’s – and indeed Kuala Lumpur’s – rapid growth, urbanisation. Only 51 percent of the population lived in cities as of 1985, whereas now that metric has leaped to 75 percent.This shift helped to centralise the country’s economic and social development as well as to increase productivity and economic opportunity, resulting in the ballooning of the middle class and a decrease in poverty.But there is a downside to all this new money, especially on the cities that were founded on a much smaller population. Urban mobility becomes a concern and, like a glass ceiling, is a looming threat to any the city’s growth."Today, road congestion is increasing in Malaysia's cities - there is insufficient public transit as an alternative to car use, and public satisfaction with public transport is low," the World Bank’s report continued.So the next time you’re stuck in traffic, a sobering thought would be that that very gridlock is contributing to an RM20 billion annual money-drain.The urban mobility conundrum has been tackled in a number of ways in cities across the world. Clever construction of road networks, tunnels, highways are the most obvious – and Kuala Lumpur has no shortage pavement, above or below.The real gains come from a mass adoption of public transportation, which occurs when it becomes more than just a mere alternative but a primary means of getting around; when parking and driving into the city is just too much of a hassle by comparison.With the new MRT network under construction, the severity of this problem might be on the cusp of recovery, as the new line reaches heavy populated areas that are in dire need for railed mass transit.At the same time, Kuala Lumpur’s focus on the bicycle may slowly push its way into the public consensus. Granted, Malaysia’s weather doesn’t always guarantee a sweat-free ride. However, it does make sense for short distances, especially if bike lanes are constructed under the shadow of elevated highways and MRT or LRT routes. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags Driving Economy Emissions GDP Kuala Lumpur Malaysia Public Transportatio Traffic
Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price.
Traffic Congestion Could Adversely Affect Driver’s Psychology, Experts Say Insights Jim Kem | July 06, 2015 The kind of severe traffic congestion that occurs in major cities and very large towns – like those within the Klang Valley – can adversely affect ...
KL City To Have Fewer Parking Lots, Suggests Mayor Auto News Chris Aaron | May 25, 2015 According to a new report by The Sun Daily, Kuala Lumpur City Hall is expected to reduce parking spots in the city.The move has been suggested by ...
Malaysian Economy on Track for Solid Growth in 2022 - Potentially Higher Car Sales? Auto News Mohd Helmi Hasan Adli | November 16, 2022 On Nov 14th, Bank Negara announced Malaysia's growth domestic product expanded to 14.2 per cent in the quarter that ended September 2022. This ...
Closure Of Jalan Ampang, Sultan Ismail For KL City GP Resurfacing Until July 4 Auto News Jim Kem | July 02, 2015 Starting Wednesday, July 1st until Thursday July 2, the Kuala Lumpur City Hall (DBKL) will be shutting down Jalan Ampang, Jalan P. Ramlee, and Jalan ...