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Price Hike >>> RM 198 million allocated in the budget for sugar subsidy is still not enough, an additional RM 367 million is needed when the sugar raw material price drops. How many times the domestic sugar price are adjusted upward after UMNO crony robbed the business from Robert Kuok? At least three times if I’m not mistaken. If this is not a pirate, then what name you can give to UMNO-led BN government?
Source: http://www.insidefutures.com/article/647714/Food%20and%20Softs%20Outlook%20.html
It’s estimated 19.4 billion will be used to subsidize petrol, cooking oil, sugar, rice and wheat flour in 2012, but the benefit to poorest Malaysians is limited. A big pie 75% of subsidies will go to rich and upper middle income groups with high capacity cars, foreigners living in Malaysia, neighboring countries through smuggling and Singapore and Thai driving tourists. It’s better to distribute coupon or cash to poor people like BR1M than giving out blanket subsidies. RM2,000 cash for those people with earning below RM 3000 per month only cost the government 8 billion. Price inflation for essential goods due to fuel subsidies cut can be well cushioned with the cash handout.
Price Hike >>>
Everywhere I go, first complaint from the grassroots I heard is price hike, second is corruption, third is crime and fourth is illegal immigrant.Orang kampung told me that Malaysia is a rich nation, but rakyat have to suffer pains because a big portion of our money go into the pockets of corrupt politicians. BN does not need high paid foreign think tanks and consultants to tell them what grouses from the people, just walk around the wet markets, the Malay villages, the new villages, the estates and the flats. Barang Naik has be solved from the supply and demand perspectives. Supply side1. Low productivity in the food production is mainly due to BN crutch policy for Malay. Ask yourself why Chinese paddy fields in Kedah or Selangor have higher yield than Malay farmers? The answer is Chinese farmers put more efforts to take care their crops. 2. Open up idle agriculture land to all investors. More than a million hectares agriculture land in Malaysia are grown with lalang (miscanthus) and bushes. 3. Open up all food production sectors like demolish license requirement for deep sea fishing. 4. Pay local workers with higher salary which is tied to productivity. 5. Distribute coupons to needed families, the money must from subsidies paid to IPPs, should not from future money or borrowed money. 6. Grow own food in the backyard and garden like Green book project in 70s. Demand side1. Reduce foreign workers to less than one million. Present 8.2% or 2.32 million foreigners in Malaysia are draining out local food resources. On top of that, they are at least another 2 million illegal immigrants. These 4-5 million foreigners are competing with locals for food, jobs, housing, girls, etc. Low value added foreigners have to deport back to their origin countries without mercy. BN does not need to hire Mckinsey consultants on how to solve Barang Naik problem, I can give more free advices if needed. Price Hike >>>
Kiasu government has long used the Econ minimart to control and manage the market price for essential goods. Even Singapore GDP per capita is four times higher than Malaysia, many consumer goods and hawker food in Singapore are still much cheaper in term of parity purchasing power compared to Bolehland.
Price Hike >>>
Since Felda forced Robert Kuok sold off sugar business to them, the price of sugar rose 85 sen per kilo in less than two years compared with no increment for 15 years under the Kuok. Any Malay racists wanna blame the Chinese businessmen are greedy stock? The reality is Malay businessmen cohort with UMNO is sucking blood from rakyat regardless their skin color. |
Kuala Lumpur
07/12/2013, 2:52 PM
28°C hmid: 84%
sunrise: 7:07 AM
sunset: 7:03 PM
Forecast 07/12/2013
day
30°C night
24°C |
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