PDA

View Full Version : When is the next raise in fuel price?



chaywh
08-07-2008, 05:17 PM
Any idea when is the next raise in fuel price? Anwar said that the public will feel the great impact of fuel price by November... meaning?? November??

Jey
08-07-2008, 06:27 PM
Any idea when is the next raise in fuel price? Anwar said that the public will feel the great impact of fuel price by November... meaning?? November??

What I could gather by his saying that is; that the public would bear or feel the full brunt of the economic impact of the fuel hike by this November if the price of fuel stays at RM 2.70 like what it is currently. That is why he is promising to bring down the price of fuel if PKR takes over the Govt. Whether its empty promise or not, that is another matter. Only time could tell. :D

I dont think he is saying that the fuel is going to be raised again in November. :D

chaywh
08-07-2008, 06:34 PM
i see.. thanks a lot. :)

scorgio
08-07-2008, 07:20 PM
A lot of sectors are slowing down.

The last week of June, I noticed the shopping malls are really quiet.

But the 1st weekend of July, crowded like b4 fuel hike. The only reasoning I can come up, ppl just received their RM625 rebate.

chaywh
08-07-2008, 09:14 PM
ya, most of the industries are slowing down... this is only 2.7 impact.. when it comes to 3.6 impact, it's just like earth quick in Malaysia.

Sato
09-07-2008, 01:25 PM
last week i was in Overseas Union Garden Parkson around 7.30pm, almost 90% of the restraurant there no customers. All the table of franchise restraurant Leo seem to be empty, all the waitress were line up standing outside the restraurant waiting for customers but I don't see any customer at all. :eek:

AllUrban
09-07-2008, 02:50 PM
last week i was in Overseas Union Garden Parkson around 7.30pm, almost 90% of the restraurant there no customers. All the table of franchise restraurant Leo seem to be empty, all the waitress were line up standing outside the restraurant waiting for customers but I don't see any customer at all. :eek:people are starting to run out of money at the end of the month, waiting for the next paycheque to come in.

It will take time for people to adjust their spending habits as well. the last week of the month will probably start being very slow (in comparison to the other weeks), then the lowered consumption will be adjusted over the whole month.

When the government made the announcement, oil was at USD130 or so, it is now past $145 and $152 is the next barrier.

Imagine USD175 oil by the end of the summer...especially since the Atlantic Hurricane season still has to arrive.

It is very critical that we start pricing oil in Euros...but if that happens, the US may go to war.

Cheers, m

chaywh
09-07-2008, 04:10 PM
this remind me of the crash of 1997...

Sato
09-07-2008, 04:54 PM
this remind me of the crash of 1997...

ya interest rate sky rocket, people force to sell of their own home,cannot afford to pay the installment, the different is now they feel the onslaught of expensive price for almost everything from food,house to anything under the sun.

chaywh
09-07-2008, 05:10 PM
when talking of the Asian financial Crisis of 1997, i miss Dr. Mahathir's approach which acknowledged by IMF and World Bank, and Malaysia's recovery was relatively faster and better, as compared to many other Asian countries affected.

wyshin88
09-07-2008, 05:13 PM
The interest rate has yet to go up, wonder if this is coming soon? :confused:

Back in 1997, how high was the interest rate? How fast did Bank Negara raise the interest rate? Every 3 months?

chaywh
09-07-2008, 05:16 PM
wah.. .cannot remember liao... The BLR rate was killing people. That's what i can remember. But for BLR to goes up... i'm sure it will. Dr. M also unable to do much on that b4, some more now is P.Lah. :eek: :mad:

Well, get ready for the fantastic "fall"! :( :eek: :( :eek:

chaywh
09-07-2008, 05:30 PM
Bump!!!!!!!