With no end in sight to high world oil prices, India and Malaysia on Wednesday became the latest Asian countries to risk the wrath of voters by raising the price of subsidized fuel, a highly unpopular measure that could further weaken the governments of both countries made fragile by recent electoral setbacks.
It would be super interesting to see how the government is going to tackle the inflation this time. If a plate of char-kuey-teow could skyrocketed from RM3.00 to RM4.50 during the last 30 sen a liter hike, I suppose the same plate of noodle will costs RM7.50 soon – that is if you’re lucky. Why the government has this funny hobby of watching people rushing to the petrol stations to fill up their tanks, late into the night? Simply puzzling! And to those voters who voted the BN (National Front) – Congratulations!!!
It would be super interesting to see how the government is going to tackle the inflation this time. If a plate of char-kuey-teow could skyrocketed from RM3.00 to RM4.50 during the last 30 sen a liter hike, I suppose the same plate of noodle will costs RM7.50 soon – that is if you’re lucky. Why the government has this funny hobby of watching people rushing to the petrol stations to fill up their tanks, late into the night? Simply puzzling! And to those voters who voted the BN (National Front) – Congratulations!!!Anwar Ibrahim, the head of the largest opposition party and a former finance minister, said he feared that the billions of dollars the government will save by cutting subsidies would be wasted.
In the past, he said, Malaysia's oil revenues were "disbursed for megaprojects and projects that benefit the rich and the cronies."
"People can be persuaded to accept the gradual reduction of subsidies," Anwar said by telephone from his home in Kuala Lumpur. "But not when the funds are not disbursed in a transparent manner."
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