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Another possible round of fuel price hikes across the board?
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<blockquote data-quote="ssmann" data-source="post: 473407" data-attributes="member: 18956"><p>I believe all arguments are warranted. However, the argument should be about what does the Govt do with the removal of the subsidy, i.e. is it channeled to a better cause for the Rakyat or a selected few??? Logically, one cannot refute that Msia's resources are finite and we will be out of it very soon and thus cannot continue to subsidise with petrodollars gained from exports. That is a fact. Another fact is that Petronas is a very well managed company and has done a great job for Malaysia Inc. I always had a different view on this with limited knowledge on how they operate. But I now know first hand and can vouch that they are indeed a real success story for Malaysia and globally. The prob is the money and re-investment outside the O&G sector is not Petronas' call and it is under the purview of the PM. It's like a child who has a super rich dad and the child is a real useless plick......no better analogy.</p><p></p><p>The biggest problem with the Govt is the fact that the transparency is poor, their intentions are always questionable and their execution is somewhat pathetic. But then again can we believe anything our half baked politicians cum Ministers say....none of which can provide an educated answer to their respective portfolios!!!!</p></blockquote><p></p>
[QUOTE="ssmann, post: 473407, member: 18956"] I believe all arguments are warranted. However, the argument should be about what does the Govt do with the removal of the subsidy, i.e. is it channeled to a better cause for the Rakyat or a selected few??? Logically, one cannot refute that Msia's resources are finite and we will be out of it very soon and thus cannot continue to subsidise with petrodollars gained from exports. That is a fact. Another fact is that Petronas is a very well managed company and has done a great job for Malaysia Inc. I always had a different view on this with limited knowledge on how they operate. But I now know first hand and can vouch that they are indeed a real success story for Malaysia and globally. The prob is the money and re-investment outside the O&G sector is not Petronas' call and it is under the purview of the PM. It's like a child who has a super rich dad and the child is a real useless plick......no better analogy. The biggest problem with the Govt is the fact that the transparency is poor, their intentions are always questionable and their execution is somewhat pathetic. But then again can we believe anything our half baked politicians cum Ministers say....none of which can provide an educated answer to their respective portfolios!!!! [/QUOTE]
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Another possible round of fuel price hikes across the board?
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