Posts tagged ‘subsidies’

April 13, 2013

What can we expect AFTER GE13?

With the GE13 date set for May 5, we will see the culmination of Malaysia’s longest campaign period in our history. Although the formal campaign period is 15 days from Nomination Day, the unofficial campaigning started since PM Najib took over the reins from Pak Lah. For the past 4 years, Malaysians have gotten all kinds of goodies shoved at them with little economic fundamental progress. Whether they be budgets, programs, policies or expenditures, they are all short term designed to create the impression of strategy but with the intent to make the people feel good about Najib.

Well, the time will soon come for the day of reckoning if all that is said by BN and PR are well understood by Malaysians to translate into real votes for either of these political alignments.

Every political party is on the campaign road knowing full well nobody will stop them anymore regardless of the fact that the official campaigning period is not yet here. Everyday on TV, we will see how Najib pronounce the fact that BN is the savior of Malaysia and everybody else is rubbish.

Then, again, no Govt linked media will ever say anything bad about the ruling parties so that Malaysians will believe anything the media says and BN can do no wrong and there is everything wrong with the Opposition.

Thanks to the Internet and the alternate media, Malaysians can now assess for themselves both sides of the story. It appears that the Opposition has made significant inroads to the Internet savvy voters but those who are not so savvy may be missed out. More work to be done, obviously.

Fast forward to after GE13 and *&^%#$ has won the elections and now the Federal Govt.

We have two very distinct eventualities to consider. Many people are unaware that both BN and PR offers Malaysians two different destinies. Their manifestos may be incomplete but their general sense of direction are diverging. Furthermore, there are many intentions of both BN and PR that are not mentioned in their manifestos.

BN Destiny

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April 2, 2012

Najib says subsidies to continue but for how long more?

In tonight’s live telecast of PM Najib’s ETP/GTP Report, his overriding theme was how much subsidy that the Government is making for the people. The change from subsidy rationalization to continuing to have more subsidies stems from the Government’s focus to cost of living. (read here).

How convenient to spin this subsidy tall tale. Malaysia has been a highly subsidised nation for a long time and continued unabated subsidies will certainly bring the Government to its knees very soon.

In a previous posting, we already suggested that it is definitely necessary to cut subsidies but not until Government wastage and leakages are reined in.

There is no point in making Malaysians suffer more while reading how the Government paid mega millions and billions more for goods and services others pay a fraction for.

Furthermore, the rise in cost of living began with the previous PM Abdullah Badawi and followed closely by PM Najib in raising the fuel prices. This caused an unimaginable ripple effect on cost of living – upwards!

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March 24, 2012

Malaysia Spiraling Out of Control?

Our Deputy Finance Minister, Awang Adek Hussin, told us in Parliament that we don’t have to worry about our national debt even though we are 2% shy of the theoretical threshold.

“It is not at a critical level at the moment. Our limit or threshold is 55 percent of the Gross Domestic Product (GDP), we are now at 53 percent. So you don’t have to worry about it,” he said during Question Time in the Dewan Rakyat today. (read here.)

Such is how our Government is explaining all the worrisome signs of a severely ailing economy. The Government still thinks Malaysians are the dumbest people around and will swallow everything they tell us. On the contrary, Malaysians have come of age and know what is fact and what is fiction and most of all, what is sheer baloney!

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June 3, 2011

Hard Times Now in Malaysia

No one can deny that hard times are upon us in Malaysia.

The uncertainty of a General Election has caused reluctance of FDI into the country.

The removal of subsidies of diesel for commercial vehicles and boats of fishermen and the price increase of sugar and electricity recently have started a chain of inflationary events.

    UPDATED June 6: Lorry operators will be increasing their rates by 20% to 30%. Fishermen will either increase significantly the price of their catch while they contemplate a stop fishing action protest. (Read here)

The Government wants us to believe the negligible impact they feel the economy will have. That’s plain baloney propaganda.

Consumer inflation has started to rise again. The actual impact is still not known as the costs increase are passed down to the end consumer.

Food and drinks and other consumer goods will go up further. Our disposable income has just been shrunk yet again.

Brace ourselves for a Ron 95 petrol and LPG price increase to happen very soon. That will trigger an unbelievable effect to diminish the Malaysian’s income to the maximum.

This will happen after the GE13 for sure as it is a certainty given the rise in global crude oil prices. The BN Government is playing for time but it is better sooner than later to recoup from subsidy cut.

Right after this will be GST that will haunt all Malaysians. This is aimed to increase tax revenue and collect it faster so that the Government has disposable income as opposed to the current stream of future collections.

While we don’t know of any other Government actions to curb excesses, leaks, corruption, etc and recover the unneeded IPP subsidies first, we the Rakyat will bear the biggest brunt of inflation running beyond our spending means.

This is a very sad picture painted. We urge for a change in Government spending, cut all possible excesses, recover all unfair subsidies and payments NOW!

It is not needed to turn Malaysia into a welfare state but a strong competitive and intelligent challenge on the global scene.

Use the people’s money wisely for once and help us earn more!