3 posts
A 2008 English translation and discussion of a Kickdefella essay questioning how Malaysian fuel subsidies and Petronas finances were being publicly explained.
This is a very good and informative read. Digest the facts and numbers: WHAT IS NEVER MENTIONED IN Mainstream Media like NST/TheStar/Utusan Malaysia/Berita Harian are these facts…. Malaysian Per Capita Income USD 5000 VS Singaporean Per Capita Income USD 25000 Furthermore, The Star made a comparison of prices in Thailand , Singapore and Indonesia .…
Honestly I am not supportive of subsidy scheme, because I think it reduces competitiveness, creating false impression and sense of security to the receivers. In extreme term, subsidy can be equated as opium. It is addictive, and it is hard to shed especially if you are having it for more than 20 years. (Oil subsidy…