Showing posts with label Malaysia. Show all posts
Showing posts with label Malaysia. Show all posts

Tuesday, July 29, 2008

Malay rights

By Shaik Rizal Sulaiman

The Malays are 'technically' in power governing the country but it is also this same controlling group that demands the right to correct economic imbalances and disparities for its own race.

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

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.”

All ears: Najib listening to Education Minister Datuk Seri Hishammuddin Tun Hussein at the press conference in Kuala Lumpur yesterday. — Bernama

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.

Bereft family: Lim Siew Hong weeping in front of a photograph of her husband Toh Huat as her four young children look on at their home in Taman Pelangi, Tanjung Sepat yesterday.

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 Star

RPK'S STATUTORY DECLARATION AGAINST ROSMAH


Is it true? No one will and never know! Only god will know...
Posted by Picasa

Tuesday, June 17, 2008

Petronas Charging Extra???

Is it true that Petronas is charging extra RM0.004?

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!
Posted by Picasa

Tuesday, June 10, 2008

Government BN (Barang Naik) treat the RAKYAT

See how our ruling government BN (Barang Naik) treat the RAKYAT

Today Tenaga stock rose by about MYR1.00. Volume traded in excess of 35 million units.Yesterday Tenaga stock was suspended. Put these points together.

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:

As of last month a Toyota Vios would 'cause a damage' of about RM 89,000. In the international market, a Toyota Vios is about USD 19,000 USD19,000 = RM 62,700 (using the indicative rates of USD 1 = RM 3.30). That makes Malaysian Vios owners pay an extra RM 26,300. This RM 26,300 should be cost of operations, profit and tax because the transportation costs have been factored in to the USD 19,000.

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:

Car taxation is government profit, fuel sales is Petronas' (GLC) profit which also translates into government profit. The government may ridicule us Malaysians by saying look at the world market and fuel price world wide. Please, we are Malaysians, we fought of the British, had a international port in the early centuries (Malacca), home to a racially mixed nation and WE ARE NOT STUPID!!!

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:


1 barrel crude oil = 159 liters. 46-47% of a barrel of crude oil = fuel that we use in our vehicles. 46% of 159 = 73.14 liters. @ RM 2.70/liter x 73.14 liter = RM197.48 of fuel per barrel of crude oil.

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

Thursday, June 5, 2008

POS MALAYSIA TO DISBURSE FUEL SUBSIDY ON 1 JULY 2008

KUALA LUMPUR, Thursday – Pos Malaysia Berhad (PMB) today announced that in line with yesterday’s decision made by the Government on fuel subsidy, PMB has been appointed as the agent for disbursement of this subsidy to eligible vehicle owners. Eligible Malaysians can start to claim the subsidy at all 686 post offices countrywide effective on 1 July 2008.

As announced by the Government, vehicles with valid Road Tax from 1 April 2008 until 31 March 2009 are entitled for the annual subsidy. Owners of cars up to 2,000 cc as well as pick-up trucks and jeeps up to 2,500 cc will receive RM625 for each vehicle. Motorcycles up to 250 cc will receive RM150 each.

Vehicle owners who come personally to make the claim at post offices shall be paid in cash. Those who appoint third parties to claim on their behalf shall receive the Money Order that will be mailed directly to the owner’s address that is furnished to PMB when making the claim.

Further details of the procedures and related documents required for the claim will be announced soon.

“PMB, through its extensive network of 686 post offices countrywide will be ready to serve our customers in handling the subsidy payments in a convenient and timely manner,” said Datuk Abu Huraira Abu Yazid, Acting Managing Director / Group Chief Executive Officer of PMB.

Customers are welcomed to contact PMB’s Customer Service Centre through PosLine at 1-300-300-300 (except on the 1st Saturday of the month) or visit our website at www.pos.com.my or the nearest post office should they have any enquiries or feedbacks.

Wednesday, June 4, 2008

PMO Website Got Hacked?


Posted by Picasa

Protest at unconscionable oil price increases

Ipoh, Perak

* Venue : Perak Office of Ministry of Domestic Trade and Consumer Affairs
at Federal Building (opposite Dewan Bandaraya Ipoh ), Green Town, Ipoh
* Date : Thursday, 5th June 2008
* Time : 11am

Kuala Lumpur

* Venue : Jalan Pasar, Pudu (indirectly opposite RHB and Am Bank)
* Date : Thursday, 5th June 2008
* Time : 11.30am

Malaysian opposition plans protests against fuel price hike

KUALA LUMPUR - Malaysia's government faced demonstrations and public outrage Thursday over its decision to hike petrol prices 40 percent overnight, in a bid to curb its massive subsidies bill.

Opposition groups said they would hold protests in Kuala Lumpur at 11.30am (0330 GMT) and in the northern city of Ipoh at 11.00am over the "unconscionable" increase.

"The fuel increase is both economically inefficient and socially unjust," said Lim Guan Eng, secretary-general of the Democratic Action Party which is part of the opposition alliance.

"So long as rich companies continue to enjoy such fuel subsidies, especially the independent power producers, the fuel increase will be seen as both pro-rich and punishing the poor," he said in a statement.

The new pump price for petrol will be 2.70 ringgit (84 US cents) and 2.58 ringgit for diesel. Petrol previously cost 1.92 ringgit, among the cheapest in Asia.

Prime Minister Abdullah Ahmad Badawi's announcement on Wednesday evening triggered chaos across the country as motorists swamped fuel stations to fill up before the measure took effect at midnight.

Traffic snarls brought streets to a standstill in the capital Kuala Lumpur as up to 100 cars queued at each petrol station which still had fuel to sell, while many others said they had sold out and turned angry customers away.

Abdullah indicated that further increases were in the pipeline as Malaysia moves to completely abandon fuel price controls that would have cost US$17.4 billion this year -- about a third of the national budget.

"God willing I hope Malaysians will not demonstrate over this," he said, referring to fury over earlier hikes in a country where public transport is poor and most people are reliant on their cars.

Motorists who turned up at petrol stations Thursday to pay sharply higher prices to fill their tanks were uniformly furious over the decision.

"We can do nothing about this government increase -- we have to buy fuel, otherwise how can we go to work?" said 56-year-old engineer K. Letchumanan.

"For my family it's not so bad as we have two incomes, but the poor people will suffer."

Aminah Rahmat, a 46-year-old streetside vendor who had set up her food stall outside a petrol station, said she could already barely manage on her monthly income of less than 1,000 ringgit (300 dollars).

"The government does not care for our welfare, that is why they have made such a huge fuel increase," she said.

"How can I afford to pay so much to transport my cooked food to my customers? I will go out of business."

Bus operators said that a third of companies may have to close down and lorry firm said their rates would have to rise, in a move that will trickle down to higher prices for goods and services.

Abdullah is taking a major political risk in removing price controls as he attempts to recover from disastrous March elections that dealt the ruling coalition its worst results in half a century.

Rising prices of food and fuel were a major factor in the ballot, which has triggered repeated calls for the premier to stand down.

"It is not an attempt to be popular, we have to think in the best interests of the people," Abdullah said Wednesday.

Under a revamped subsidy system, drivers of smaller vehicles will receive a cash payment of 625 ringgit to offset the rising cost, equating to subsidising some 800 litres of fuel.

But economists said the subsidy cut was deeper than anticipated, and that the cash payment was not large enough to compensate for average use.

Abdullah said the price hike could suppress economic growth and drive up inflation as high as 5.0 percent this year, from current levels of 3.0 percent in April.

As part of the subsidy reform, industry and power producers will be charged higher prices for gas from July. Electricity tariffs will rise 18 percent for householders, and 26 percent for commercial and industrial users.

But there was good news for Thais and Singaporeans who will now be allowed to buy fuel at border petrol stations after a recent ban was lifted in view of the subsidy cut. - AFP/ir

Malaysia raises petrol prices by 40%

Malaysia

KUALA LUMPUR - Malaysia's petrol price will rise 40 percent to 2.70 ringgit (0.84 dollars) a litre from Thursday as controls are removed under a revamped subsidy system, the prime minister said.

"Effective from tomorrow, 5 June 2008, the price of petrol will be raised by 78 sen and the price of diesel will be raised by 1.00 ringgit,"
Prime Minister Abdullah Ahmad Badawi told a press conference.

"The new price of petrol will be 2.70 while the new price of diesel will be 2.50," he said. Petrol currently costs 1.92 ringgit (0.60 dollars) at the pump, among the cheapest in Asia.

Domestic Trade Minister Shahrir Samad said that under the new scheme, drivers of smaller vehicles will receive a cash payment to offset the rising costs.

"For cars 2000cc and below, they will get back 625 ringgit in cash payments as a form of direct subsidy," he said, adding that this equated to subsidising some 800 litres of fuel.

Shahrir said that the new price of 2.70 ringgit did not reflect the full market value, which could be as high as 3.00-4.00 ringgit when the price controls are completely removed in August.

He said that the increase would impact on inflation, which came in at 3.0 percent in April.

"With this hike, the CPI (consumer price index) is expected to rise to 5.0 percent" this year, he said.

The minister said that without the new measure, the government's actual payout for oil subsidies would have totalled 28 billion ringgit this year, and that it will now save some 4.0 billion ringgit.

Malaysia has already moved to ban sales of subsidised fuel to Thais and Singaporeans who make trips across the border to fill up their tanks.

"We want to pay the subsidy directly to those who deserve them. We do not want foreigners to benefit from our subsidy," Shahrir said.

Monday, June 2, 2008

Don’t subsidise fuel, don’t tax cars

Malaysia

I AGREE with Dzof Azmi's argument in Fuelling trouble with petrol subsidies, (Contradictheory, StarMag, March 30) that the Government cannot afford to subsidise petrol and keep prices artificially low forever.

However, I want to point out that when you talk about the price of petrol, you have to also talk about the price of cars in Malaysia. These two items go hand in hand, something that Dzof failed to mention.

If one expects the rakyat to pay the real price of petrol (say, RM3 per litre) in the future when the petrol subsidy is zero, then the price of cars must also be real, ie, be tax free.

If one expects the people to pay the full, real-world price of petrol – and I must say it is a perfectly reasonable expectation – then the rakyat expects, also reasonably, to buy cars at real-world prices, without the exorbitant taxes currently imposed.

For example, a Toyota Corolla at the real price of US$19,000 (RM60,500) instead of artificially high at RM117,000.

Now, when the average consumer buys a car, he has already paid (in the form of import duties, excise duties, and sales tax) to the Government, in advance, a sum greater than the petrol subsidy he can expect to enjoy over the time he owns the car.

Let me give you an example.

If a consumer buys a Toyota Corolla at RM117,000, the tax he pays, up front, to the Government is more than RM50,000.

Then, he enjoys the fuel subsidy each time he fills up with petrol. To benefit from the RM50,000 that he has paid, in advance, it will take approximately 16 years (assuming he uses 60 litres of petrol a week and the subsidy is RM1 per litre)!

So, it is not fair to say that the subsidy of petrol has to be reduced or removed when the commodity price goes up, without reducing or abolishing the hefty taxes on cars.

You can’t use the “cheapest petrol in South-East Asia” and “price of crude oil has skyrocketed” excuses to justify the reduction in petrol subsidy as long as the ridiculously high tax is imposed on cars.

The rakyat won’t buy your story because we know that we, as motorists, have already paid for the petrol “subsidy”. In advance.

Jimmy Wah, Bayan Lepas, Penang