Malaysia Watch Forum
Off Topic => Other Discussion (OT Discussion) => Topic started by: 7thfort on September 02, 2013, 07:33:46 PM
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Fuel price up by 0.20 cents tomorrow. That is a 10% increase. :Scolding: Many will suffer.
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Ini malam lah
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Fuel price up by 0.20 cents tomorrow. That is a 10% increase. :Scolding: Many will suffer.
The "many" probably doesn't include most of us, especially if we come to terms with the fact that prices of everything eventually goes up.
Now, I have a reason to charge my clients more... ::) Najib can say all he wants but everyone knows prices of goods and services go up every time fuel prices go up.
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Read this on Free Malaysia Today: http://www.freemalaysiatoday.com/category/nation/2013/09/02/petrol-and-diesel-prices-up/ (http://www.freemalaysiatoday.com/category/nation/2013/09/02/petrol-and-diesel-prices-up/)
The last paragraph tells the truth - our gomen is broke & is taking money from 1 subsidy to fund another subsidy! :Mad:
"To reduce the burden of this hike on the lower income group the government, the Prime Minister said, will increase the BR1M payments in the 2014 Budget to be tabled next month in Parliament.
The payable amount of BR1M would be announced at the tabling of the Budget." :HammerHead:
To quote Patrick Teoh, "Niamah!" :mooning:
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This is all the macai(s) fault
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^ this is sad, the rich will just increase their price, the working class will suffer :Blue:
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I am OK with fuel price hike if it really benefit the country as a whole... but we all know better...
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fuel price increased not problem, luxury watches price increase is problem.....
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The old saying of "Rob Peter to pay Paul", rings true here, as some members has already said.
This is just the beginning. KNS.
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I am fine with the price hike too. That is not the hinder to country development. The massive corruptions and policies ineffectiveness and inefficiencies are... :Scolding:
Among countries of the world. Our fuel price is one of the lowest. Wake up citizens.
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well guys, it comes from our pocket, and then goes to other people pocket, which doesn't benefit we all
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Today I was at dbkl, at one of the department waiting.
I saw this....
(http://i1301.photobucket.com/albums/ag111/Tsw80/IMG-20130903-WA0001_zpsc775d58c.jpg)
Delicious spread as refreshment for the hardworking government officials at meeting.
What's the meeting about..... Figuring how to implement increased charges and processing fees. All done at tax payers' expenses. :Blue:
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well guys, it comes from our pocket, and then goes to other people pocket, which doesn't benefit we all
Actually, the fuel subsidies didn't come from our pocket. With their reduction, we're just paying closer to real market prices for fuel. It's not like there is tax on fuel. I'd be pleased if the gov't abolished the subsidy altogether on condition that road tax is abolished as well as the luxury taxes and levies on imported cars.
Another plus point is that putting price of fuel especially diesel at market price will curb the rampant business of selling subsidy diesel to commercial users and other smuggling activities.
Not that I don't enjoy the subsidies but we need to get ourselves out of it.
fuel price increased not problem, luxury watches price increase is problem.....
Agree! :thumbsup:
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Actually, the fuel subsidies didn't come from our pocket. With their reduction, we're just paying closer to real market prices for fuel. It's not like there is tax on fuel. I'd be pleased if the gov't abolished the subsidy altogether on condition that road tax is abolished as well as the luxury taxes and levies on imported cars.
Another plus point is that putting price of fuel especially diesel at market price will curb the rampant business of selling subsidy diesel to commercial users and other smuggling activities.
Not that I don't enjoy the subsidies but we need to get ourselves out of it.
Very good, dpkong. I share you point of view too. I think our people arguing petrol price hike are heading into the wrong territories. That could be a trap for the general public to fall into. Not heathy really. It narrows their point of views.
Of course it now becomes a selling points for politicians during election days. Very sad. :Confused:
Opening up our markets. Let our people be the judge of their lifestyles. Force the government to work hard... Instead of relying on high taxes to create unfair competitiveness. And feed the fews...
But doing it slowly...
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Today I was at dbkl, at one of the department waiting.
I saw this....
(http://i1301.photobucket.com/albums/ag111/Tsw80/IMG-20130903-WA0001_zpsc775d58c.jpg)
Delicious spread as refreshment for the hardworking government officials at meeting.
What's the meeting about..... Figuring how to implement increased charges and processing fees. All done at tax payers' expenses. :Blue:
DBKL is earning a lot thru other means of income, like saman and lesen. Wondering if they pay to Fed Govt instead of Fed Govt paying to them .... Anyway, above are cheap snacks compare to other dining out expenses.
MBSA are revising their charges for 2014.
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The story about "apple subsidy"
A man called Maha owns a farm which can produce 10 apples every day.
He has 5 workers to operate the farm.
Each of them eats 1 apple daily and it is enough to keep them operating the farm normally.
The remaining 4 apples, the landlord sells them at RM10 each and he earns RM40.
He uses the RM25 to improve the farm operation and facilities.
He gives RM2.00 to each of his workers and he keeps the remaining RM5.00 as profit.
Day by day, the farm is well developed and all of the 5 workers are happy with the money they can save.
When Maha passed away and there is a new landlord, Abdul comes to continue the farm operation.
He says to the workers:" We need to improve the farm quality and redefine our way of thinking.From now on all of you only need to pay RM1.00 for each apple you eat. It is very cheap as the price is RM10 each outside the farm."
The workers have no choice but to pay RM1.00 for the apple they eat daily.
Their earning decrease from RM2.00 to RM1.00 per person.
As usual, Abdul sells the 4 apples and he gets RM40.
He uses RM25 for farm improvement and pays RM10 to his 5 workers.
He gets RM5.00 as profit. On top of that, he gets another RM5.00 from the apples that he sells to his workers.
In total, he gets RM10 as profit every day.
Soon, the apple price increases to RM20 each.
The new landlord gets a higher profit as he gets RM80 for the 4 apples he sells daily.
Then, he decides to give the farming improvement contract to one of his close friend, Samy.
Samy says:"Apple cost naik, improvement cost also misti naik."
So, the farm improvement cost increases from RM25 to RM50.
In actual, the improvement only cost RM30.
The remaining RM20, Abdul and Samy share evenly among themselves.
Let's calculate how much Abdul gets daily:
RM10 (from farm improvement cost)
RM20 (Net profit by selling 4 apples: [Gross profit, RM80] - [Improvement cost, RM50] - [Wages RM10] = RM20)
RM5 (from selling apples to his workers)
In total, Abdul gets RM35 daily compare to RM10 initially when he takes over the farm from Maha.
His profit increases RM25 and the workers are still getting RM1.00 daily per person.
The greedy Abdul does not want to stop there.
One day, he says to his fellow workers:" You see ah, the current market price for one apple is RM20 and you are only paying RM1. See how lucky you are! I have to SUBSIDY RM19.00 for each of the apple you buy and total I need to SUBSIDY RM95.00. This will greatly burden the farm and we might get bankrupt if we continue like this. In order to avoid bankruptcy, I need to increase the apple price that you buy from RM1.00 to RM1.50 and I will bear the remaining RM18.50 per apple as my subsidy to you all. "
So, greedy Abdul adds RM2.50 to his current profit and the number becomes RM37.50.
After you have read the story, I am sure you have already understood the meaning of "SUBSIDY" given by the government.
The RM95 subsidy never existed in the first place and so was the RM52 billion fuel subsidy generously "given" by the government
All....need to read ...
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well guys, it comes from our pocket, and then goes to other people pocket, which doesn't benefit we all
Actually, the fuel subsidies didn't come from our pocket. With their reduction, we're just paying closer to real market prices for fuel. It's not like there is tax on fuel. I'd be pleased if the gov't abolished the subsidy altogether on condition that road tax is abolished as well as the luxury taxes and levies on imported cars.
Another plus point is that putting price of fuel especially diesel at market price will curb the rampant business of selling subsidy diesel to commercial users and other smuggling activities.
Not that I don't enjoy the subsidies but we need to get ourselves out of it.
fuel price increased not problem, luxury watches price increase is problem.....
Agree! :thumbsup:
right, i agree with this, if the fuel price follow the market price, provided the car price is not on high tax price then, which is fair enough for all of us
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great read @tsw@. It should be the duty of general public to investigate the words that are coming out from the mouths of our beloved politicians. It will an act of ignorant if the young generations stop examining their leaders. But again the public need to be an educated bunch to realise that... :'(
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Now RON97, which is mostly used in cars with high compression ratios, will be increase by 0.15 cents from 2.70 to 2.85.
RON95 was raised from 1.90 to 2.10, and with so called subsidy of 0.63 cents, it is 2.73.
Suddenly those morons realized that subsidize RON95 is more expensive than market float RON97.
What kind of clowns and jokers are running this country?
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Digressing a little, since we are talking about fuel going up.
In our local news, this Bosnian guy complain that he has to get it up for 1 hour, 6 times a day, presumably 7 days a week, by his girlfriend. Now, would any of us complain?
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Digressing a little, since we are talking about fuel going up.
In our local news, this Bosnian guy complain that he has to get it up for 1 hour, 6 times a day, presumably 7 days a week, by his girlfriend. Now, would any of us complain?
20 years ago, I would not....
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Great story by tsw :thumbsup:
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Digressing a little, since we are talking about fuel going up.
In our local news, this Bosnian guy complain that he has to get it up for 1 hour, 6 times a day, presumably 7 days a week, by his girlfriend. Now, would any of us complain?
20 years ago, I would not....
only if its for a week :P
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The girlfriend has now come out to deny that it was 6 times x 1 hour x 7 days.
Friendly speaking, who can tahan?
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The girlfriend has now come out to deny that it was 6 times x 1 hour x 7 days.
Friendly speaking, who can tahan?
"6 times x 1 hour x 7 days" - I'd expect the Bosnian to be skinny & haggard looking! :Laughing_on_floor:
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An increased of over 10 per cent is not fine maybe to the rich is ok, when the price of petrol in HK is rm 1.30 a liter and their per capita income is USD 40,000 plus annually .Theres more bad news on the way like the Gst, 50 cents a slip of cheque increment next April. The debt ratio has shot passed the ceiling against GDP , the rm will go down further . To me it's not fine .regards tony
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To many, it's a foregone conclusion that GST will be implemented when Budget 2014 is tabled. The current gov't cannot stem the drop in our currency and ratings even with the 10% fuel price hike.
So if GST is implemented at 5%, does it mean the price of RON95, per litre, will be RM2.10 +5% = RM2.21 ?? That will certainly create another hoo-haa as that causes the price of nearly everything to go up. The low-income group will become the new poverty group and the middle-class will become the low-income group :HammerHead:
But the gov't doesn't have any worries since the next GE will be at least 4 years away and Malaysians are not known to go on strike.
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Our currency is doing the "Limbo Rock".
Companies doing export will gain more than those who import.
Overseas holidays will be expensive. Those with kids studying abroad will have to tighten their belts.
What a life?
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Our currency is doing the "Limbo Rock".
Companies doing export will gain more than those who import.
Overseas holidays will be expensive. Those with kids studying abroad will have to tighten their belts.
What a life?
Yes, you are right, overseas expenses has got more expensive. The USD was at US$1 = RM 2.96 on 9 May 2013. Today, exactly 4 months later, it's hovering at US$ = RM 3.30. That's a 10% jump... :'(. Since the RM was unpegged from the US$ in July 2005 (when it was US$1 = RM 3.80), the lowest the RM reached was about RM 3.70 per USD in early March 2009. So, let's see how it goes this time round....
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Hi Enkidu,
Nearer to home, against the the S$, we are well and truly beaten.
Endless possibilities. So I heard.
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An increased of over 10 per cent is not fine maybe to the rich is ok, when the price of petrol in HK is rm 1.30 a liter and their per capita income is USD 40,000 plus annually .Theres more bad news on the way like the Gst, 50 cents a slip of cheque increment next April. The debt ratio has shot passed the ceiling against GDP , the rm will go down further . To me it's not fine .regards tony
Are you sure that fuel price in hk is rm1.30 a liter? I tot the price is 16.94 HKD which is approx. rm7.15 a liter.. Sorry but I think we Malaysian are too pampered by the government.. Those who can send their children study abroad obviously has the $$$. If not they have studied in malaysia..
Just my 2 cents...
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Maybe you're talking about a gallon.? Only certain so called privilege are pampered , people like me and alot of others are toiling like hell. How many people have confidence in the local uni ?., which ranking are always tumbling down. Im
An increased of over 10 per cent is not fine maybe to the rich is ok, when the price of petrol in HK is rm 1.30 a liter and their per capita income is USD 40,000 plus annually .Theres more bad news on the way like the Gst, 50 cents a slip of cheque increment next April. The debt ratio has shot passed the ceiling against GDP , the rm will go down further . To me it's not fine .regards tony
Are you sure that fuel price in hk is rm1.30 a liter? I tot the price is 16.94 HKD which is approx. rm7.15 a liter.. Sorry but I think we Malaysian are too pampered by the government.. Those who can send their children study abroad obviously has the $$$. If not they have studied in malaysia..
Just my 2 cents...
sure for those who could afford they will send their children abroad not because they have money, but better education system.
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I totally agree with you Tony.
Unfortunately in this country, education is not a right but a privilege.
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Maybe you're talking about a gallon.?
Hi, Tony,
No, I think Khairain was correct that the price of petrol (unleaded) is approximately HK$ 17.00 per litre - about RM 7.20. That's inclusive of tax. But we have to read this with the fact that HKG is a relatively small "administrative region" and its public transport (MTR, taxi and bus services) are really excellent. Here in Malaysia, we NEED a private car. And of course we have to take into account Hong Kong's much lower income tax rate and much higher GDP per capita. The main concern of private car owners in HKG is probably not fuel but the parking space and parking fee (very exorbitant). Housing also eats heavily into the income of ordinary folks in Hong Kong. Depending where you eat, food is relatively affordable considering their average pay. Education wise, HKU is no.26 in the world, HKUST is 34 and CUHK is 39. That's 3 universities in the top 40.
Add: MTR in HKG is also relatively cheap. For example, it costs HK$ 10.00 per trip from Kowloon TST East (lots of watches.... :laugh: :laugh:) to Tsuen Wan in the New Territories. That's RM 4.20. Peanuts to the Hongkies...
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thanks for highlighting my mistake Enkidu.
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Samy should have built a better rail/MRT system instead of multi-level flyover and highways....
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Roti Telur, although sold at the same price, has shrunk by 20%. :Scolding:
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Recent press statement says no fuel increase in the near future.
WTF is "near future"?
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Recent press statement says no fuel increase in the near future.
WTF is "near future"?
Sad to say but we've reached a point where,we just can't trust any press release from any of the so called national newspapers.
The question now is,what are we going to do about it?.
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Word on the ground is another increment likely soon....
:Startled:
That and increase in sugar and flour prices...
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most probably will be after armo erection.
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most probably will be after armo erection.
ya cumming soon :Laughing_on_floor: