Thursday, August 14, 2008
Autoworld's best kept secret!
I have been driving (legally) for two decades. One would think I would have noticed the little secret on my dash that was staring me right in the face the whole time. I didn't and I bet you probably haven't either.
Quick question, what side of your car is your gas tank? If you are anything like me, you probably can't remember right away. My solution is to uncomfortably stick my head out the window, strain my neck and look. If you don't do this in your own car you definetly have done it in a borrowed or rental car.
Well ladies and gentlemen, I'm going to share with you my little secret so you will no longer look like Ace Ventura on your way to the gas station or put your neck at risk of uncomfort or injury.
If you look at your gas guage, you will see a small icon of a gas pump. The handle of the gas pump will extend out on either the left or right side of the pump. If your tank is on the left, the handle will be on the left. If your tank is on the right, the handle will be on the right (see photo above). It is that simple!
I don't know how you feel right now but when I found out this morning I felt cheated!
Why don't the dealers share such importnant information with car buyers? I don't understand why this isn't in the drivers manual? I don't get why any mechanic I have ever been too or know has even thought of mentioning this to me? The only possible explantion can be that all these people probably don't even know!
Go out and share the worlds best kept auto secret with your friends as this is information is way too important to be kept secret.
Tuesday, July 29, 2008
Malay rights
What does this say about the 'majority governing' Malay race for the last 50 years?
I dare say that most Malaysians (regardless of race) below the age of 40 would like to see all opportunities be spread amongst those who deserve it on meritocracy.
We do not need the keris anymore to tell others to be careful of what they say and do because in the survival of the fittest, the keris is of very little relevance!
If we continue to hide under the 'bumiputera' tempurung as most Malays have been in the last 50 years or more, the catch-up game will just get harder and the gap wider.
If we continue to expect without earning it, we will never learn how to be a race that succeeds on merit. There is NO substitute for merit. The Malay politicians continue to shout about Malay rights and bumiputera rights because the very nature of our local politics is sadly racially biased.
In this day and age, a great nation is built upon joint success stories, meritocracy and the combined hard work of its people WITHOUT any fear or favour of racial biased politics governing our daily policies.
I am below 40 and as much as I love the 'idea' that Malaysia is tanah tumpahnya darah orang Melayu, I can't help but also feel that this country is for ALL Malaysians alike including the Chongs, the Kumars, the Xaviers, the Sings & Kaurs etc who were born on the same day in the same hospital as me here in Malaysia.
If we feel that WE (the Malays) deserve this country more than THEM , then WE (the Malays) should have shown them a long time ago that we deserve the 'control all' status.
We have to earn it. The policies FAILED because the very concept of Malay rights or the NEP/DEB is like a double-edged sword. On one hand, it aims to eradicate wealth disparity but on the other, it has made the Malays oblivious of what reality is. Our (Malays) success is only reflected in the 'perceived' political power which today can collapse in a matter of minutes. I would also like to see my children succeed in their country, Malaysia, for reasons that true success should be based upon, which are merit and hard work and NOT because they are Malays or bumiputeras. For as long as the Malays don't see this, there is very little point in fighting for Malay rights.
It just makes us look more ridiculous. We have taken this notion of being privileged a bit too literally in that it now simply means we want this country and its fruits all for ourselves without accepting the responsibilities that come with it. I blame the MALAY politicians for this because we want to only fight the cause without strategising for the true substance and need of the cause.
We have been given fish all the while without being taught how to fish.
It's funny how two different generations can be so diverse in their thinking and the recent elections proved just that. We are no longer concerned with racial problems but more so the never-ending Malay agenda issues. The rakyat has spoken and the landscape has drastically changed. Is this change welcomed? Is it good?
The answer is 'NO'. Because we,the Malays, have been caught with our pants down - we are not ready to compete on any level playing field (we can't even compete on advantageous grounds!).
Even with three or five more continuing policies for Malay rights or bumiputera privileges over the next 50 years, we will still be in exactly the same position as we are in today.
The truth hurts and the truth will always prevail. And the truth of what's to come will NOT go away. I am cynical perhaps because I feel that Malay rights is NOT relevant anymore.
The right to be safe, to be treated fairly, to have a world-class healthcare and education, to enjoy equal prosperity, to have good governance, to live in a clean environment and to be war-free is what I want for my Malaysia. NOT for MY race to be artificially powerful.
If we want the Malays to fail, then by all means continue the fight for Malay rights. Go and polish your keris.
Shaik Rizal Sulaiman
Posted by Malaysian
Thursday, July 3, 2008
PI: Cops left out vital info
Balasubramaniam declared he had informed police what Abdul Razak Baginda had purportedly told him prior to Altantuya's murder.
He revealed yesterday the content of the statutory declaration at a press conference organised by PKR de facto leader Datuk Seri Anwar Ibrahim together with PKR office bearers, MPs and lawyers at the party's headquarters in Tropicana, just outside Kuala Lumpur.
He said Razak had told him that he was introduced to Altantuya by Datuk Seri Najib Tun Razak at a diamond exhibition in Singapore and that Najib had told him that he (Najib) and Altantuya had had a sexual relationship and that “she was susceptible to anal intercourse”.
Balasubramaniam said Razak had also told him that Najib had asked him (Razak) “to look after” Altantuya, who was also known as “Aminah”, because he did not want her to harass him now that he was the Deputy Prime Minister.
He claimed Razak had told him that Altantuya had wanted money as she felt entitled to a US$500,000 (RM1.65mil) commission from a submarine deal that she had assisted the Malaysian Government secure in Paris; and that Najib, Razak and Altantuya all had dinner together in Paris.
Balasubramaniam said the day Razak was arrested for abetting in the murder of Altantuya, he (Balasubramaniam) was with Razak at a lawyer’s office where Razak showed him Najib’s SMS which he received while they were both in the office.
Najib’s message to Razak supposedly said: “I am seeing the IGP at 11am today ... matter will be solved ... be cool.”
“I was sitting just beside Razak and he told me he had sent an SMS to Najib and never received a reply. Then he received the reply. He showed me the reply and also to the lawyer,” Balasubramaniam said
PKR said it was Balasubramaniam who approached them about the Altantuya case and not the other way around.
Altantuya was murdered between Oct 19 and Oct 20, 2006 and her body blown up using C4 explosives.
Razak is on trial for abetting with the murder while two police officers Kpl Sirul Azhar Umar and C/Insp Azilah Hadri are charged with her murder.
Balasubramaniam said Razak had given him all this information about Najib “in an attempt to persuade me to continue my employment with him”.
He alleged that the police however omitted all this information in his police statement made in November 2006 but he signed it anyway because after being in the lock-up for seven days he just wanted to go home.
“If you have experienced being in a lock-up, definitely you will sign the statement. I have three children (to think about).
”I was arrested under (Section) 302 (for murder). What’s the reason? In the first place there was no reason for the police to put me in the lock-up. They can call me anytime to take a statement. I was the private investigator for Razak,” he said.
Balasubramaniam was a former police officer who joined the force in 1981. He resigned in 1998 when he was with the Special Branch and has been working as a freelance private investigator since then.
He was first employed by Razak in June 2006 for 10 days and again in October the same year.
Balasubramaniam’s lawyer Americk Sidhu said his client decided to come up with his statutory declaration after the prosecution closed the Altantuya case on June 23.
“He was waiting for the prosecution to bring up the evidence and was very surprised that this matter was not raised,” he said.
Sidhu said Balasubramaniam did not say anything about the information Razak shared with him on Najib and Altantuya in court when he testified in the Altantuya trial because the prosecution did not question him about it.
He also stressed that Balasubramaniam’s statutory declaration was “not a statement of truth” but rather what had been said to him by Razak and Altantuya.
“Whether true or not – he doesn’t know for sure. He just told what was told to him,” he said, adding that the purpose of the press conference was to bring to light that “there is this evidence available”.
“And if the prosecution wants to use it, Bala is available at anytime,” he said.
In his statutory declaration, Balasubramaniam also said that Razak had told him that Altantuya was a great liar and good at convincing people.
He said when he met Altantuya, she, too, told him that she met Razak and Najib in Singapore, and that they had dinner in Paris and that she was promised US$500,000 as commission for assisting in the submarine deal. She also told him that Razak had bought her a house in Mongolia but her brother had refinanced it and she needed money to redeem her home.
Balasubramaniam claimed that Altantuya had also told him that Razak had married her in South Korea and asked if Balasubramaniam could arrange for her to see Najib while she was in Malaysia.
Balasubramaniam said that on Oct 20 after Altantuya had gone missing, two of her friends showed up at Razak’s home asking where she was. He added that they came back a few days later convinced that she was being held in his house.
Following a commotion outside Razak’s house, he said, he called the police, as well as Razak to inform him of what was happening outside his front gate. He said Razak told him a DSP Musa Safri would call him back on his handphone and to pass that call to the inspector from Dang Wangi police station.
He said he did that and following the call, which lasted three to four minutes, the inspector told the two girls to leave and come see him the next day.
Balasubramaniam said he wanted to bring to notice the strong possibility that there were individuals other than the three accused involved in the murder and that he was disappointed at the standard of investigation conducted by the authorities.
He also wanted to persuade the relevant authorities to reopen their investigation so that fresh evidence may be presented.
To a question, Balasubramaniam said now that he had come out with the statutory declaration, he was worried for his personal safety.
The Star, July 4th
Wednesday, June 25, 2008
Najib: Pathetic attempt to taint my political image
KUALA LUMPUR: Datuk Seri Najib Razak dismissed Raja Petra Kamarudin’s statutory declaration linking his wife and two others to the murder of Mongolian translator Altantuya Shaaribuu as “total lies, fabrication and total garbage.”
The Deputy Prime Minister said the allegations in the statutory declaration were a “desperate and pathetic attempt to discredit and taint my political image.”
He said his wife Datin Seri Rosmah Mansor had already given her statement to the police. The Prime Minister too would be making his recorded statement to the police.
“I welcome the police to investigate and I hope investigations will be concluded soon,” he told reporters yesterday after chairing a Cabinet committee meeting on illegal immigrants.
Raja Petra, the editor of online news portal Malaysia Today, who was charged with sedition last month for implying the Deputy Prime Minister was involved in Altantuya’s murder, made the statutory declaration on June 18 claiming to have knowledge that three other persons were present when the body of Altantuya was blown up on Oct 19, 2006.
He also claimed that Datuk Seri Abdullah Ahmad Badawi was in the know as the Prime Minister had received a written military report on the murder, which was then handed over to his son-in-law Khairy Jamaluddin for “safe-keeping.”
On Tuesday, the Prime Minister came to Najib’s defence. Abdullah said he had not received such a military intelligence report and that it was unacceptable for Raja Petra to make such a claim,
At yesterday’s press conference, when reporters asked Najib about it, he said: “Why are you interested in garbage? Why comment when everything is total lies, fabrication and total garbage.”
Asked about Raja Petra’s motive for making such a claim, Najib said: “I don’t know. You'd better ask him. Why ask me?”
“I’ve no conclusion except that it’s a desperate and pathetic attempt to discredit and taint my political image.”
Asked if he believed it was political motivated, Najib said: “I can’t see any other reason.”
By SHAHANAAZ HABIB
Farm manager drinks weed killer after RM90,000 gaming loss
TANJUNG SEPAT: He said he had given up betting on football but the lure of Euro 2008 proved too much for Chuang Toh Huat. In the end, he paid for his love of betting with his life. Some 12 hours after the Spain versus Italy quarterfinal match, he was found in a semi-conscious state after drinking weed killer.
“I have given more than RM1mil to pay off his debts and he promised he wouldn't do it again,” said his father Hock Meng, 56, yesterday when met at his house in Taman Pelangi.
Toh Huat died at 7.30am on Tuesday at the Tengku Ampuan Rahimah Hospital in Klang. His family believes he ran up a debt of RM90,000 after failed bets during the Euro 2008 championship.
“Lately, with the Euro 2008 in full swing, he went back to his bad habit without us realising it,” said Hock Meng.
He said his son got hooked on football betting three years ago when a man, whom he claimed was a bookie, approached Toh Huat.
Hock Meng added he had taken loans and sold pigs from his farm to pay off his son’s debts.
The 31-year-old Toh Huat, a manager at his father’s pig farm, was found by his younger brother at about 5.30pm on Monday.
While Toh Huat was fighting for his life at the hospital, the family received three telephone calls from a man demanding RM90,000.
Hock Meng urged the authorities to protect the people, especially those in rural areas, from becoming victims of betting syndicates.
He said he wanted to make public his son’s suicide for it to be a lesson to others.
Toh Huat’s mother Gan San Moy, 54, said she could not believe that her son, who was a father of four, would leave his family without saying goodbye.
“He called me after drinking the weed killer. He said somebody was after him because of bets he had placed. He told me he could not stand the harassment anymore and asked me to take care of myself and his family,” she said in between sobs.
In Kuala Lumpur, MCA Public Services and Complaints Department head Datuk Michael Chong said cases of people who owed money to loan sharks got worse during the football season, adding they were “foolish people” driven by greed.
“People go crazy with their football betting and gambling and borrow even more money from the Ah Long.
“They keep coming to me for help, and I try to help them, but sometimes I end up getting myself in trouble with the Ah Long instead. I have no more mercy for them,” he told newsmen.
By CHRISTINA TAN and LISA GOH, The StarTuesday, June 17, 2008
Wobbly Woods Last Man Standing
San Diego — For once, Tiger Woods did not know how to react.
After a week of pulsating fist pumps and painful grimaces, Woods was at a loss on how to celebrate. Having watched Rocco Mediate’s par putt miss at the 19th hole of Monday’s playoff, Woods had just won the 108th U.S. Open, his third such title.
Raise his arms? Let out a yell? He looked at caddie Steve Williams as if to ask ‘What do I do?’ And then they hugged.
Maybe that’s what a player does when enjoying their best professional moment.
“I think this is probably the best ever,” said Woods, ranking this, his 14th professional major, ahead of his 1997 Masters and 2000 U.S. Open wins. “All things considered, don't know how I ended up in this position, to be honest with you.
“It was a long week, a lot of doubt, a lot of questions going into the week. And here we are 91 holes later.”
The hyberbole doesn't end there. The victory moved Woods ahead of Jack Nicklaus and JoAnne Gunderson and into a tie with Bob Jones for the most USGA titles ever won. Jones and Woods both have nine.
The championship reached a sudden death playoff for just the third time because of Woods, bothered by an aching left knee all week, and the dogged desire of Mediate, the No. 157th-ranked player in the world, to not quit believing he deserved to be in this position. Both were tied at even-par 71.
“Oh, my God, that was ridiculous,” said Mediate, 45, who last won on the PGA Tour in 2002. “He's hard to beat. I threw everything I had, the kitchen sink, everything right at him.”
Maybe even more headshaking was the thought that Mediate, down three strokes to Woods through 10 holes, could actually come back on Woods. Or, even better, leading by one through 17 holes and forcing Woods’ hand again on the 18th.
“I already knew that about Rocco,” the 32-year-old Woods said. “He’s not only one of the nicest guys, but people don’t realize how much of a competitor he is.”
The playoff had an almost playful start. When it came time for Mediate to draw the slip for honors, Mediate joked, “Let the No. 1 guy go.” Moments later, when starter Ron Reed announced the officials for the round, Mediate chimed, “Keep it fair, keep it fair,” borrowing a line from Rodney Dangerfield’s Al Chervic’s Caddyshack character.
When Woods, who had double bogeyed the first hole three of the four rounds in regulation, reached the fairway on his drive, he raised his arms in mock triumph. To which Mediate replied, “Now you decide to hit the first fairway.”
Playful quickly turned to business, though. Through five holes, both players were tied at one over. Woods birdied the 501-yard, par-5 sixth with a 7-foot putt and the 461-yard, par-4 seventh with an 11-footer, and led Mediate by two strokes.
After Woods, who won the last of his U.S. Open titles in 2002, bogeyed the par-3 eighth from a plugged lie in the back bunker, Mediate bogeyed the par-5 ninth when he misread a 3-foot comebacker. Mediate began the back nine by bogeying the shortish 414-yard, par-4 10th.
At that moment, the playoff appeared to be losing air. Woods stood at even par and Mediate at three over. Woods had never held such a sizable lead at any point in this championship.
“It could have been over pretty quick,” said Mediate, who was 2-0 in previous playoffs, “and then he hit that ball in the bunker (at 11). Not that I felt he was going to bogey, but it’s not the easiest shot and I hit a good shot and all of a sudden, bang, bang, bang, I pick up three, four shots and in a few holes I’m one up.”
Woods dumped his tee shot at the 192-yard par-3 11th into the front left bunker and left himself a delicate up-and-down from which he could not extricate himself. He butchered the 505-yard, par-4 12th hole for another bogey.
Mediate had picked up two shots in two holes and the crowd was imploring him to continue the comeback. “Rocco, it’s only Tiger.”
Mediate, a fun-loving, free-talking native of Greensburg, Pa., who played collegiately at Florida Southern, obliged. After they both birdied the 539-yard, par-5 13th, Mediate followed a birdie at the 269-yard, par-4 14th to tie Woods.
At the 478-yard, par-4 15th, Mediate reached in two and then some, leaving his ball 35 feet above the hole. Woods, who had sprayed his drive into the fairway bunker of the ninth hole, put his approach inside Mediate, about half the distance of Mediate.
Mediate pushed back at Woods once again, dropping a bomb of a birdie.
“Well, I just tried to let it roll down there,” Mediate said. “I had a good spot where I picked it and I rolled it right over the spot inside his coin. He does that all the time, though, so I get to do that this time and it went in.”
Woods had a different take.
“When Roc hit his putt, I was thinking that’s at least 10, 12 feet by, and it rammed in the back,” he said. “You could see him, he was shocked.”
Woods missed his birdie attempt and made a delicate 4-footer coming back to keep himself from going two strokes down with three holes remaining.
“If I miss the putt, the tournament is over,” he said.
And then it came down to the 18th — again.
On Saturday, Woods sank a 40-foot eagle putt to take the outright 54-hole lead. On Sunday, he bumped in a 12-foot birdie to force the playoff. Monday, after Mediate opened the door by having to play the 525-yarder as a three-shot hole, Woods, who was on in two, extended the day by two-putting from 40 feet.
Not since 1994 with Ernie Els, Loren Roberts and Colin Montgomerie had a playoff gone to sudden death. This time it began at the 461-yard, par-4 seventh, a hole that Mediate had made four pars and a bogey on, but was not comfortable.
“I’ve had trouble with it this week,” he said. “How many times did we play the hole? Six? I put it in there half the time we played it. My eye was missing on that hole.”
Especially on the 91st hole.
“It would have been better if I did that this morning, but I didn’t,” said Mediate of hitting into the left fairway bunker. His approach was an errant shot that bounded up against the left grandstand, forcing him to take a drop and chipped to 30 feet above and right of the hole.
All the while, Woods was finding the fairway, the green in regulation and leaving his birdie putt attempt just two revolutions of ending the marathon. He tapped in and walked over to the green’s right edge, alongside Williams, to watch Mediate attempt his par putt.
In a moment, it was over. Woods had won, had become the sixth player to win at least three U.S. Opens, but was at a loss.
That may have been a first.
Stuart Hall is a freelance writer whose work has appeared previously on www.usopen.com.
Petronas Charging Extra???
Email is circulating the following:
"The Govt. announced the new petrol price at RM2.70 and all petrol stations set their meters at RM2.700 EXCEPT Petronas, who set their meters at RM2.704.We don't really notice this and Petronas is taking advantage of this!!!I say let's boycott Petronas for good!!"
People are much angry now!
Tuesday, June 10, 2008
Rebates for vehicle owners from Saturday
Prime Minister Datuk Seri Abdullah Ahmad Badawi said although the Government had announced that cash rebates could only be collected beginning July 1, it had decided to bring forward the date.
“This is because we want to ease the burden of the rakyat. Detailed information on the actual procedure will be announced soon,” he told reporters after chairing the first National Inflation Council meeting at his office here yesterday.
On June 4, Abdullah had announced the new fuel price of RM2.70 a litre for petrol and RM2.58 a litre for diesel.
In line with this, private vehicles of engine capacity of 2,000cc and below will enjoy a RM625 rebate, which will be paid to them upon renewal of their road tax.
Private pickup trucks and jeeps with engine capacity of 2,500cc and below will also receive the rebate. Owners of motorcycles of 250cc and below are eligible for a RM150 rebate.
Abdullah said the meeting had also decided to increase the quota of subsidised diesel that public transport companies could buy.
“The companies have been given fleet cards to continue buying diesel at the old price of RM1.43 a litre. We have also agreed to expand the list of vehicles eligible for diesel subsidy to include factory buses and taxis using petrol.
“We are also extending the coverage of our social safety net by considering the increase of several allowances.
“The threshold of income will be raised so more Malaysians can benefit,” he said, adding that more announcements would follow.
Asked if the price of fuel would remain until next March, Abdullah replied that crude oil prices in the global market were rising too quickly.
“There are so many things we have to consider so I don’t think I will say anything now,” he said.
Government BN (Barang Naik) treat the RAKYAT
1. If you know that an announcement would be made on Wednesday that TNB rates will be revised upwards you would surely buy Tenaga shares on Tuesday.
2. If you own an investment bank or have sufficient credit line with an Investment Bank you would have bought as much as you could knowing that the price will surely go up.
3. Since you have to pay within 3 days (T+3 rule), you would have planned to sell on Friday. Â So you could have bought 1Million Tenaga shares on Tuesday and sold it today for a cool MYR1Million profit without paying any money (perhaps some borrowing costs for 2-3 days).
4. Of course none of us are privy to the announcement of the fuel hike, but the family of the PM are privy to it.
5. Of course none of us have a large credit line with an Investment Bank but the family of the PM owns an investment bank.
6. Why the surprise announcement on 05 June when the PM has said that it would be in August ? Well you can only make a big and quick profit if you control the timings and surprise others.
7. For those in the know (the powers that be and their cronies) this has been one hugely profitable week buying and shorting the related shares. The poor rakyat had to queue just to fill up their tanks and perhaps save between MYR20-MYR100.
Now read below..... Need those in know of the basic economics of crude, fuel etc to comment.
WHAT IS NEVER MENTIONED IN Mainstream Media like NST/TheStar/Utusan/BH are these facts....
Malaysian PerCapita Income USD 5000 VS Singaporean PerCapita Income USD 25000
Further The Star made a comparison of prices in Thailand , Singapore and Indonesia .
For Thailand it is quoted at RM3.90/liter, however are they aware that in Thailand new cars are cheaper than Malaysia by RM10,000? They pay only one life time for their driving license? No renewal fee after that? Also that goes for road tax as well? And do TheStar also aware that you can drive all the way from Hadtyai to Bangkok on a six lane highway without paying any Tolls ??!!
Whereas here in Malaysia you have to pay yearly renewal for road tax, driving license and TOLLS, TOLLS, TOLLS!!!
For Singapore how can you quote RM 5.20 ? Please quote in Singapore Dollars because they are earning in Sing Dollars. You might as well say Europeans are paying RM10/liter. RM5.20/liter = Sing $2.20/liter, still cheaper than Malaysia in view of fact that Singapore is not a crude oil exporter. Are you saying that you fill up petrol in Singapore by paying Ringgit?
In economy, dollar to dollar must be compared as apple to apple. Not omparing like durian in M'sia is much cheaper than durian in Japan!! Of course-lah, Japan is not durian producer!!! Comparing Malaysian durian with Thailand durian make more sense!!
For Indonesia we might say is cheaper there at RM2.07/liter but compare that to their level of income!
Now, let us compare the price with OIL PRODUCING countries:
UAE RM1.19/litre
Eygpt RM1.03/litre
Bahrain RM0.87/litre
Qatar RM0.68/litre
Kuwait RM0.67/litre
Saudi Arabia RM0.38/litre
IranRM0.35/litre
Nigeria RM0.32/litre
Turkmenistan RM0.25/litre
Venezuela RM0.16/litre
MALAYSIA RM2.70/litre
RM 2.70!!! Individual perspective:
RM 26,300/ RM625 petrol rebate per year translates to a Vios being used for 42.08 years. I do understand that the RM 625 is a rebate given by the government, but it also means that one has to use the Vios for 42.08 years just to make back the amount paid in taxes for the usage of a foreign car. Would anyone use any kind of car for that long?
Now with these numbers in front of us, does the subsidy sound like a subsidy or does it sound like a penalty? This just seems to be a heavy increment in our daily cost of living as we are not only charged with high car taxes but also with a drastic increase in fuel price.
With all the numbers listed out, I urge all Malaysians to join me in analyzing the situation further:
We know the international rates are above the USD 130/barrel. We understand the fact that the fuel prices are increasing worldwide and we also know that major scientist are still contradicting on why this phenomenon is happening. Some blame Bush and his plunders around the world and some blame climate change and there are others which say petroleum 'wells' are getting scarce.
Again we go back to numbers to be more straight fwd 1 barrel = 159 liters x RM2.70/liter = RM 429 or USD 134.
On 1 hand, we are paying the full cost of 1 barrel of crude oil with RM2.70 per liter but on the other hand the crude oil only produces 46% of fuel.
Msia sells crude oil per barrel at USD130 buys back Fuel per barrel at USD134. And not forgetting, every barrel of fuel is produced with 2 barrels of crude oil.
1 barrel crude oil = produce 46% fuel (or half of crude oil), therefore 2 barrel crude oil = approximately 1 barrel fuel In other words, each time we sell 2 barrels of crude oil, equivalently we will buy back 1 barrel of fuel.
Financially, Malaysia sell 2 barrel crude oil @ USD 130/barrel = USD 260 = RM 858 then, Malaysia will buy back fuel @ USD 134/barrel = RM 442/barrel. Thus, Malaysia earn net extra USD 126 = RM 416 for each 2 barrel of crude sold/exported vs imported 1 barrel of fuel !!! (USD 260-134 = USD 126 = RM416)
So where this extra USD 126/barrel income is channeled to by Malaysian Govt????????
Another analysis:
This is only 46% of the barrel, mind you. Using RM 3.30 = USD 1, we get that a barrel of crude oil produces USD 59.84 worth of petrol fuel (46% of 1barrel). USD 59.84 of USD 130/barrel turns out to be 46% of a barrel as well.
Another 54% = bitumen, kerosene, and natural gases and so many more. And this makes a balance of USD 70.16 that has not been accounted for.
So this is where I got curious. Where is the subsidy if we are paying 46% of the price of a barrel of crude oil when the production of petrol/barrel of crude oil is still only 46%?
In actual fact, we still pay for this as they are charged in the forms of fuel surcharge by airlines and road taxes for the building of road (because they use the tar/bitumen) and many more excuse charging us but let us just leave all that out of our calculations.
As far as I know, only the politicians who live in Putrajaya and come for their Parliament meetings in Kuala Lumpur (approximately 60+ km) are the ones to gain as they claim their fuel and toll charges from the money of the RAKYAT's TAX.
It is so disappointing to see this happen time and time again to the Malaysian public, where they are deceived by the propaganda held by the politicians and the controls they have over the press.
Which stupid idiot economist equates rebates for rich or poor with the cc of the vehicles? An average office clerk may own a second hand 1300cc proton Iswara costing $7,000 (rebate = $625) while the Datuk's children can own a fleet of 10 new cars of BMW, Audi and Volvo all less than 2000cc costing $2 millions and get a total rebate of $625 x 10 = $6,250! Wow what kind of economists we are keeping in Malaysia...wonder which phD certificate that they bought from...
Misleading concept of Subsidy:
The word "subsidy" has been brandished by the BN government as if it has so generously helped the rakyat and in doing so incurred losses.
This simple example will help to explain the fallacy:
Example:
Ahmad is a fisherman. He sells a fish to you at $10 which is below the market value of $15. Let's assume that he caught the fish from the abundance of the sea at little or no cost. Ahmad claims that since the market value of the fish is $15 and he sold you the fish for $10, he had subsidised you $5 and therefore made a loss of $5.
Question : Did Ahmad actually make a profit of $10 or loss of $5 which he claimed is the subsidy?
Answer: Ahmad makes a profit of $10 which is the difference of the selling price ($10) minus the cost price ($0 since the fish was caught from the abundance of the sea). There is no subsidy as claimed by Ahmad.
The BN government claims that it is a subsidy because the oil is kept and treated as somebody else's property (you know who). By right, the oil belongs to all citizens of the country and the government is a trustee for the citizens. So as in the above simple example, the BN government cannot claim that it has subsidised the citizen!
- Some concerned citizen by email