Just wait a little longer, you will know the truth how cruel are they? Petrol hike is only the appetizer, once you get to the main course, will you know the burden. I will expect Electricity tariffs to be the next, then Renewable Energy, GST, water, etc..
People are concern that on the RISE !!!! The people should not talk bad about the Government BUT actually pressure your EMPLOYER to gave you a raise which is more fruitful.
Life is tough now....for those still in the stock market, u are the fortunate one with extra money.....pls think of those who have to think of food on table tomorrow.......those their extra rm30 a mth for savings is snatch away, those who wanted something better for their children to give up.....
Now the snowballing effect going to happen because of RON95 naik 20 sen.The increase in the price for RON95 petrol and diesel will see a hike in cargo fuel surcharge while the Pan Malaysian Bus Operators want fares to be adjusted.
Hafiz Millip , do you think that Rating Agencies give a Negative Ratings purposely. They must have got their facts right & not like so many stupid & idiotic UMNO/BN supporters who thinks otherwise.
Our debts is now more than few hundreds of billions $$$$$ & just recently 1MDB has racked up borrowings of more than US$11.97 billion (RM38.4 billion)...you think this is good for the ratings? Our ringgit had depreciated significantly & you are playing dumb?? What's the Ringgit compare to the Singapore Dollar now compare to our beloved late PM Tungku Abdul Rahman's premiership??
It's expected that the rakyat will pay for the corruption, decadence, extravagant and opulent lifestyles of those group of corrupt umnoputras, bn ministers, govt officials and cronies. Those stupid voters of 48% must be the ones paying for the price hikes instead of those 52% voting for the opposition. You bastards reap what you sow.
Fuel subsidy cut just the start, ex-NST boss predicts
KUALA LUMPUR, Sept 3 — The fuel subsidy cuts announced yesterday are a harbinger of more painful measures to come, according to former New Straits Times (NST) editor-in-chief Datuk A. Kadir Jasin.
Saying that this was the way of elections, with politicians’ many promises made beforehand, the newspaper veteran suggested that the public brace themselves for further hits once the Budget is announced next month.
“Let us not be too surprised if our financial burden does not end here. Wait for Budget 2014 soon,” he wrote on his blog today.
Yesterday, Prime Minister Datuk Seri Najib Razak announced that fuel subsidies for RON95 petrol and diesel will be cut by 20 sen a litre beginning today, in a bid to slash the government’s subsidy bill and trim a chronic budget deficit.
Last week, the government also appeared to signal that a long-delayed goods and services tax (GST) could make its way into the Budget that Najib tables on October 25, after one senior Treasury official said its introduction was now a necessity.
Today, Kadir also said Putrajaya must be transparent in showing how savings from yesterday’s fuel subsidy cut will be used, in order to address the perception of its financial profligacy.
Pointing out that the decision to raise pump prices for both RON95 petrol and diesel will financially burden the public with higher prices elsewhere, Kadir said a failure to inform the people how the money is used will make it appear that the government was simply shifting its problems onto its citizens.
“From the outside, the government appears spendthrift. Travel expenses from Prime Minister Datuk Seri Najib Razak’s trips abroad since five years ago is already RM44.07 million!
“And how much was spent on renovations and repairs at the official residence?” he wrote on his blog today.
The RM44 million amount was revealed in Parliament in July.
Najib yesterday said the subsidy rationalisation exercise will save the government RM1.1 billion this year and possibly RM3.3 billion in 2014 should oil prices remain stable.
Malaysia runs a relatively high government debt of 53 per cent of gross domestic product and has one of Asia’s highest household debt levels.
Ratings agency Fitch cut its outlook on Malaysia’s A-minus sovereign debt to negative from stable in July, citing a lack of reform to tackle rising debt.-TMM
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Grambo
385 posts
Posted by Grambo > 2013-09-03 15:00 | Report Abuse
Alias nambikei to u too ......where shall we go for Capati to celebrate?