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Sentinel
30-11-2010, 10:06 PM
In my personal opinion, if ever there was a clincher in the way Malaysian economy is going, this is it. This is the mother of all clinchers!

Petronas has just announced that it is reviewing the subsidy it has been giving for supply of gas to power plants and whatever - read it HERE (http://www.themalaysianinsider.com/malaysia/article/petronas-to-review-annual-rm19b-gas-subsidy/) - and by the way of the news report, it is basically going to be stopping this subsidy... the key words in the report are "once and for all...." as attributed to the Chairman/CEO himself.

Now, if the subsidy is fully withdrawn, the one party that will be dealt a blow is non other than Tenaga Nasional (TNB). When that happens, TNB will have no choice but to increase power tariffs to the factories and to the household consumers... guess what happens thereafter?

Your guess is as good as mine, its time to really brace ourselve for a really expensive life living in Bolehwood. My guess is that it might not happen in the next few months before the General Elections but as sure as the sun will rise in the east tomorrow, it is gonna be happening, the question is when?

Many has forgotten what Idris Jala said when he unveiled the Economic Transformation Plan (ETP) at the Sunway Resort Hotel. He said it is gonna be happening and he didn't mince his words.

I am even afraid to wish anybody Merry Christmas or Happy New Year... I think this is one body blow to Malaysians especially the working class population.

We deserve the government we elected!

Sentinel
30-11-2010, 10:16 PM
And if the news of the gas subsidy withdrawal does not shake you up, they have also announced the increase in petrol price from tomorrow, just to complete the body blow and make sure you buckle at your knees... read it HERE! (http://www.themalaysianinsider.com/malaysia/article/RON97-to-go-up-15-sen-from-tomorrow-sources/)

We deserve the government we elected!

Sentinel
30-11-2010, 10:22 PM
And to add salt to your wound, the IMF also announced today that the Malaysian economy ain't gonna be that rosy next year. We are gonna be affected by unfavorable external factors, which are beyond our control. Things ain't gonna be looking too good next year, folks! Don't have to listen to me, read what the IMF predicted HERE! (http://www.themalaysianinsider.com/business/article/external-factors-may-threaten-malaysias-growth-says-imf/)

Sentinel
30-11-2010, 10:25 PM
Unit trusts? Did you say you wanna be selling me unit trusts? Sorry, I am ditching them all by March 2011... :D

Did you say you sell REITs too? Am sure you have heard about them bubbles? They do burst ya know...

Sentinel
30-11-2010, 10:59 PM
In the meantime, at the other side of the town, an old man has suggested Bolehwood to use half of its foreign reserves in the Bank Negara - read it HERE! (http://dinmerican.wordpress.com/2010/11/30/22367/)

Jennylim
30-11-2010, 11:27 PM
We are moving toward Vision 2020 - high living cost nation!

Sentinel
01-12-2010, 12:42 AM
Yes, the vision of a warped old man....

We truly deserve the government we elected! :mad:

kuma
01-12-2010, 02:43 AM
Now, if the subsidy is fully withdrawn, the one party that will be dealt a blow is non other than Tenaga Nasional (TNB). When that happens, TNB will have no choice but to increase power tariffs to the factories and to the household consumers... guess what happens thereafter?

We deserve the government we elected!

Horrors!! :eek:

I can't get to sleep without my aircon...What am I going to do? As it is my TNB average bill per month is over 400 bucks :mad:

Every month, when I do my personal groceries shopping at C4 [you know, the things that wifey refuses to buy]...I notice that prices just go up & up :mad:

Had Hor Fun for lunch at Parkway...we could count the shreds of chicken and portion was surely much smaller that a few months back. I was hungry again by the time I reached my car...bought some goreng pisang :D

So what do we do next year when everything goes up some more?

I suppose I could manage to scale down if the need arises [not my aircon though ;) ]....I only worry about our spoilt and pampered kids.....they would not bat an eyelid to spend 50 bucks for a few morsels of processed meat thrown onto a 2 ringgit naan bread powdered with processed cheese.

Ah, but then again, I love my fellow M'sians....nothing stops them from having a good time. Things can go up, but our folks are out and about enjoying themselves. Before, you notice heavy traffic on the road [and in restaurants and pubs :o ] on some Fridays and of course Saturday nights....these days the partying starts on Thursday....anyone notice the increased traffic on Thursday night?

Which again brings me to try and understand the M'sian psyche...I complain and grumble about how things are going up to friends and family [plus often on this Forum]....and most agree...but before I realize it, topic shifts to things that are fun :D..... In this Forum...any such post [on bad news]...is lucky if it stays in Top Ten past 6pm :eek:

So the BIG Question....

Are M'sians a resilent lot, OR do they just not care at all...leaving it all in the hands of the powers that be....to sort things out and save them?

OK...I'm done with my 2AM rant...time to snooze...room temperature is hovering at 19C :D

kuma
01-12-2010, 03:19 AM
Ahhh...still can sleep;)

So things are going to get rough over here soon...well the only consolation [which in reality is no consolation, but in fact an adjutant] is that is going to effect the whole world :eek:

Here is a lesson in Economics by David Icke (http://en.wikipedia.org/wiki/David_Icke)

A commentator called this a "first class economic lesson"

Understand this [especially what the elites do], and you will never be poor...be it Recession, Or Depression or Boom Time...just follow the Cycle as explained here :D

Economics 101: How To Benefit From The Coming Chaos

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Rhiga
01-12-2010, 10:22 AM
Structural reform is required and is imminent for bolehland to survive.

The problem is Ė the reforms only focus on quick fix and removing subsidy is one of them.

Personally, I can accept electricity tariff to reflect the actual cost by removing the subsidy but the issue is - it is pointless to tackle only the subsidy without addressing the inefficient and obese national utility company, and the over-supply of electricity by IPP.

Similarly on fuel price, targeting only on fuel subsidy removal canít address the fundamental weakness of the fuel cost.
Fix the national car company, change the national automotive policies and improved the urban mass transport system are necessary steps to harness the benefits of fuel subsidy removal.

The oversized, ultra obese public service is the main root cause to the national high operating expenses. I still remember the number - a whopping 70% of budget money is utilized for payroll.

Just look at Penaang, from deficit to surplus in revenue.

We need a change in the administration to tackle the real culprits of high costs due to man-made wastages.

cml
01-12-2010, 10:36 AM
All the money has gone to crony projects and they are now costing billions instead of tens or hundreds of millions. As sentinel has said, we deserve the government we voted for and if by the time the country is bankrupt they should not cry over split milk and if their children end up having to work in the developed countries like 'singapore' as maids, construction workers, drivers, waiters etc they can only blame themselves for allowing this state of affairs to continue. This is already happening my friends.

Chia Hak Soon
01-12-2010, 10:47 AM
TDM predicted that the current property boom will bust soon.

cml
01-12-2010, 11:10 AM
Sour grapes only cos he is not on the gravy train. If he was in charge it would be a differrent story. His motivations for the 'alert' are not sincere. My only concern is that when the crash comes it woud be the rakyat's money that would be used to bail out all these fellas.

Sentinel
01-12-2010, 05:46 PM
Time to revisit the old video...

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cml
01-12-2010, 08:30 PM
Sell all the worthless potongs abd buy a modenas instead. You can breathe 'fresh' air

Sentinel
02-12-2010, 12:14 AM
Malaysians are a very patient lot - they pay such high road taxes and they need to pay toll too...

Chia Hak Soon
02-12-2010, 10:41 AM
Yup they also follow the crowd to buy properties and sign up loans and very soon we wil all be a debtor to the bank.

cml
02-12-2010, 11:01 AM
We tend to forget quite easily. After a while people are lulled into a deep sense of contenment but now i think it would not be so easy. Life is getting hard. Our standard of living is coming down and it does not look like it would improve. We are asked to pull up our socks and tighten our belts but we when we see the excesses of the present regime it is really sickening.

Sentinel
02-12-2010, 12:49 PM
We tend to forget quite easily. After a while people are lulled into a deep sense of contenment but now i think it would not be so easy. Life is getting hard. Our standard of living is coming down and it does not look like it would improve. We are asked to pull up our socks and tighten our belts but we when we see the excesses of the present regime it is really sickening.Did you hear the story about MAS flights to London during this holiday season is at least 75% full in First Class?

Sentinel
24-12-2010, 03:50 PM
Bad news on the doorstep... I couldn't take one more step... I can't remember if I cried when I read about it.... Don MacLean / American Pie

Excerpt from Malaysiakini.com online 24 Dec 2010:

"DAP national publicity secretary Tony Pua said Chinese newspapers in reporting the statement of the association yesterday said the prices of "kopi susu" (milk coffee) and "teh susu" (milk tea) would go up from RM1.20 to RM1.40 a glass effective 1.1.11.

"This translates to a massive 16.7 percent increase in prices," the Petaling Jaya Utara MP said."

Sentinel
24-12-2010, 03:57 PM
And oil spot prices yesterday hit USD91 per barrel and still not showing signs of easing... soon our RON95 will cross RM2 per litre... read more HERE! (http://www.themalaysianinsider.com/business/article/oil-jumps-to-highest-since-2008-crisis/)

Then it will be "enjut, enjut, semut, siapa sakit naik atas...." :D

cml
24-12-2010, 04:47 PM
Thats the reason why i think they would want to call for a snap election.If they wait too long they would not be able to control the external factors and these external factors are the ones which would severely affect the costs and standard of our living. Imagine a medium to high income earner suddenly finds that he is no longer one, instead he is bordering on the low to medium income earner and all the medium income earners find themselves in the low to low middle income group. Thats when the rakyat would revolt at the excesses by the bee end gomen. So they hope to get the mandate before its too late.

Sentinel
24-12-2010, 05:08 PM
Sugar's hefty price increase has hit the condensed milk pricing and also the prices of drinks at the mamak and stalls... this has greatest impact on the Malay populace and the Malay populace is the ruling coalition's bedrock/base support and if PR works on this, like the last election when they used BN as Barang Naik.... the incumbent will have a run for its money...

As it is, the ruling coalition already helter-skelter kelam kabut with the problems with FELDA settlers exploding as PR continue to kacau and stir up the issues...

Lets watch the Tenang by-election, there 3-4 FELDA settlements there, if I recall my early days of serving in the southern market... there's gonna be lotsa money pouring into these voters, much more than Hulu SElangor... more you scratch my back and I scratch yours... its also DPM's and MCA's president's backyard... mana boleh kalah, hilang air muka nanti!

It's really a happy & PROSPEROUS new year for the people of Tenang! :D

Mat Bruce
25-12-2010, 12:47 AM
Agreed...this gov is about to let super inflation comes in....

You can already see it in the price of houses...

Mat Bruce
25-12-2010, 12:59 AM
There is no choice IMHO, you either play the game or you slide down the ladder.
Ok, so you get NEM, graduate salary go from rm2000 to Rm2500, a gain of RM500
Your meals c0st 20% more, your transport, your ...cost extra... your 25 % increase is eroded before it starts...

Tell me , ru getting 25% increase? The right hand gives, the left hand takes away....

Removing fuel subsidies is serious impact on Malaysians...I dread to think abt it...

Well, the Greek govn has austerity drives, people protest...so what...you deserved the gov you voted for....

Sentinel
26-12-2010, 03:44 PM
And the Kuwaitis think USD91 / barrel of oil now not good enough, the world economy can withstand if the price per barrel shoots up to USD100... whoever thought chasing the Iraqis army under Saddam Hussein from Kuwait was a good idea have now only regrets... anyway the story is HERE! (http://www.themalaysianinsider.com/business/article/kuwait-minister-world-economy-can-withstand-us100-oil-price/)

IanQ
27-12-2010, 12:47 PM
yay... increase of petrol and sugar price... this will sure cause more people to drive (or be more "calculative" when it comes to use their cars especially weekend to malls!) less and eat less sugar.

wait... these things are in-elastic in terms of consumption behavior. I guess that means less money for savings/spending...

IanQ
27-12-2010, 12:51 PM
personally, believing in economics and efficient markets of sort, it is almost always a good thing to let a scarce resource like oil to go up in price. This way, there is incentive to improve in efficiency of usage.

like car engines... the efficiency is like 20% to 30%.. loss as heat. if only there is a way to improve the ratio to 70% efficiency instead.

Sentinel
27-12-2010, 01:43 PM
Exponentially, if prices keep going up and up and disposable income increases at a much slower rate or remains stagnant, then there will come a point in time where you can say "the last straw on the camel's back"! People will go into the streets and there will be chaos.

History has shown this to be true over and over again... from the days of the French Revolution (when Mary Antoinette said, "Let them eat cake!") and when the Argentinians marched onto the palace and tell Evita Peron to go fly kite ("Don't Cry for me Argentina" - remember now?) it will happen. Will this happen in Bolehwood? Thats moot, I think. :rolleyes:

cml
27-12-2010, 03:48 PM
The day will come sooner than later. When we have ministers telling us to take public transport and cancel our astro subscription if we cannot afford it and they go around in their porsche cayennes and 911s how long do you think the rakyat can stomach it.Prices of essential commodities keep going up and by extension our food at the mamak stalls are all going up and these same people are telling us to take less sugar and they are in their 10k suits eating kobe beef and smoking 200 ringgit cigars.

tupai
27-12-2010, 06:14 PM
The day will come sooner than later. When we have ministers telling us to take public transport and cancel our astro subscription if we cannot afford it and they go around in their porsche cayennes and 911s how long do you think the rakyat can stomach it.Prices of essential commodities keep going up and by extension our food at the mamak stalls are all going up and these same people are telling us to take less sugar and they are in their 10k suits eating kobe beef and smoking 200 ringgit cigars.

Part of such day will never cometh. Part aledy here leow.
As long as bolehland 1na manufacture or go play 1tai-ko, rakyak yg disayangi will pay more lah...
Think:
~ proton where london keretapotongharga aledy cheaper than bolehland (so by efault, do u tink they will shut down thr potongharga plant just so to get the rakyak to rtake public trtansporyt? hahahah!)
~ steel manuf perwaja where steel bar aledy cheaper down the red dot (u would tink they close this white bleeding ellie down but its still there right?)
~ rice where bernas took over and LOS is cheaper by far (aint this organisation a joke? and a waste of public funding?)
~ lkim where LOS pla got imported in by the whole shoal! (tutup 1eye where the local fishing boats are transforma-like diesel tankers? hhahah)

many more lah...i veli sian and 1na watch foreign movie leow...
:cool:

BTW, a bird told me a good number here are aledy smoking handroll'd havana, eating grilled medium kobe beef, drinking smooth single malt and also fine bubbly, and eating less sugar but still go to mamak 4teh halia..and somehow dont red flag with material superficials nor are dey politicians..so how? :confused: :confused: Dont lah salah go rojak the perverted, smelly, corrupted, sinful, hypocrite politicians with the hard working, honest rezeki seeking Sj forumers leh...

Yang Bo-lui leow latotupai

p/s Asstro? that blood $ucking provider of rerun tv program$? Y many r $till $ucker$ and $ado-ma$ochist addict ah? U a$ked 4 it lah! $ub$cribe! dont let go! hahahah! :eek: