Dear fellow Malaysians: BE PREPARED for yet another round of INFLATION!
Don't you believe the governmnet's figures of 3 to 4percent in annual Consumer Price Index rise -- the barometer of inflation. Ordinary people will tell you their experience of shrinking purchasing power of the ringgit to buy daily essentials like rice, sugar, that cuppa of tehtarik or kopi, meat like chicken and vegetables, inflation is closer to double digit and thus far outpaces the so-called Government's assured price rise is within reasonable limits!
TODAY the dailies again reported another rise in price increase for RON97 at 15sen and RON95 at 5sen while sugar rises by 20sen per kg. I've said once too often that PETRONAS' reported profits after tax amounting to tens of billion ringgit the past few years are NOT TRANSLATED into some form of benefits to the RAKYAT -- and it is FOR THE RAKYAT THAT THE NATIONAL OIL CORPORATION HOLDS THE OIL RESERVES IN TRUST< IS IS NOT?
JOM!
I've contended in all my writings whenver Petronas announced its annual profits that the citizens are not benefitting from the huge annual profits that have been rising since the past five years as te world prices also rose/are rising. Malaysia is a PRODUCER OF PETROLEUM AND A NET EXPORTER of petroleum, and also the nation's PETROLEUM IS OF A HIGHER GRADE AND THEREFORE COMMANDS A PREMIUM PRICE IN THE WORLD MARKET...so logically, Petronas should be able to BRING DOWN THE PUMP PRICES and NOT raise the prices on the excuse of paying more subsidies!
Some concerned citizens in Seremban will gather TOMORROW at 9.00AM, Sunday December 5, 2010 at the Main Market/PASAR to protest against the government's uncaring measures -- for every time the petrol price is raised, the transport charges also go up, affecting almost all goods and services. Yes, the UMNOputras with their high salaries are immune, BUT THE MAJORITY OF MALAYSIANS -- like 80percent of us! -- will be hit hard in our pockets.
And PM Najib's wife, Rosmah,has a budget of RM1million to spend almost every three days and keeps on eating cakes! Her pet project for privilged gifted children,Permata, benefiting several hundred at the most, has been gifted a generous angpow of RM111million to spend in one year by her generous husband. Yeah, continue to eat cake and drink capuccino at five-star hotels while the common folks eat roti canai and drink tehtarik at roadside stalls.
WHO's GONNA WEEP FOR MALAYSIA, I WONDER?
Price revision for RON 95, sugar
By Farrah Naz Karim
From nst.com.my
PUTRAJAYA: The government yesterday announced the second wave of subsidy rationalisation effective today.
RON 95 grade petrol will now cost RM1.90 per litre, while diesel and LPG will cost RM1.80 per litre and RM1.90 per kg respectively.
White refined coarse granulated sugar will now cost RM2.10 per kg from the previous RM1.90.
However the price of RON 97 petrol will continue being subjected to a managed float to reflect the fuel price in the global market.
Minister in the Prime Minister's Department and Performance Management and Delivery Unit (Pemandu) in the Prime Minister's Department chief executive Datuk Seri Idris Jala said the price rationalisation of the four consumer goods would enable the government to reduce its subsidy expenditure, which stood at RM1.18 billion.
The first subsidy rationalisation was carried out on July 16.
The rationalisation had then allowed the government to reduce its expenditure by over RM750 million.
Idris said yesterday despite the rationalisation of the items' prices, they were still cheaper than those of neighbouring countries, such as Indonesia, Singapore and Thailand.
He said the subsidies reduction would be used for initiatives and programmes under the Government Transformation Plan that would contribute towards improving the people's quality of life.
He said the subsidy rationalisation was necessary as the government must continue to manage its fiscal position by enhancing revenue and at the same time reducing expenditure.
The Economic Transformation Programme, he added, aimed to increase the gross national income per capita to reach US$15,000 (RM51,000) by 2020 and to achieve this, the economic growth must be at least 6 per cent per annum, adding that this would allow government revenue to increase via tax collection.
"This second rationalisation will contribute to our efforts in strengthening the country's financial management by reducing its deficit.
"This will also allow us to provide allocations to critical sectors, such as education, infrastructure development in the rural and transportation," he said at a briefing where Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob was also present.
Idris said the subsidy programmes carried out before the rationalisation initiative had not been effective in assisting those who needed help.
Read more: Price revision for RON 95, sugar http://www.nst.com.my/nst/articles/8petr/Article#ixzz178IbrXyM
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From Midnight Voices and Other Poems:
By Desiderata-YL Chong
Bleeding Malayisans
Oil fields offshore Malaysia are a-plenty
Yet when world prices rise
Malaysians pay more for their petrol
Shouldn't it be the other way around?
We produce an oil surplus
Which command premium prices
No, the politicians smartly tell us
The oil subsidies keep rising
Hence, we raise the pump prices
We chase away Malaysians in their youth
To study in faraway land
A decade or two later
We beg them to come back
To "serve" the motherland
Who bleeds more, my dear?
Malaysia or Malaysians?
Chong Yen Long
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