Here’s a comment at M2day:
‘Malaysia supprts the violence in thailand by assisting terrorist there raise funds by selling our subsidised diesel in Thailand and probably in Phillipines too.’ by sydput.

Nail squarely hit there.

Removing the fuel ’subsisidy’ to directly stop the financing was demanded of AAB from the international collation of the principled and willing.

AAB has to do it; he is either on their side or against. Just like Perves Musharaff was asked ‘are you on our side or against us’ just hours before they blasted the Afghan hideouts.

With backing like so, AAB has NO choice but pull the plug on a Wednesday evening in the middle of a working week. Some aslo suggested the ‘pineapple face’ case was also discussed to add haste to AAB pulling the plug. Never mind the traffic jam.

After the government made the sudden decision to raise petrol and diesel prices with effect from 5 June 2008, Malaysians will be quickly entering a new era of globalised inflation ranging from between 5-7% per annum in the next one year. Is this good or bad after years of enjoying the shelter of government subsidies (basically our own money)?

Well it depends. Most sensible bloggers and economists are correct in concuring that a fuel price hike is necessary and will enhance the efficiency of the economy. We have lived under the shelter of excessive subsidies for too long and need to adjust our consumption habits. However, the whole debate about the fuel price hike of 41% to RM2.70/litre plus the efforts to provide a rebate needs to be simplified into 4 issues:

(1) The quantum of the increase is a shock to consumers and companies’ pockets and this 41% hike in the fuel bill has never ever happened before in Malaysia’s history. Who knows whether we will enter into a steep economic slowdown while most of our trading partners in the US , Europe and Japan are now going through economic stagnation? Is the government and the central bank so confident that they can fine-tune the economy after this shock treatment?

(2) About RM7.5billion or 55% of the savings from the government’s reduced subsidy is given back to the people who are apparently car and motorbike owning lower income groups. So in a way, this is a form of income distributive policy by taking the subsidy previously enjoyed by both rich and lower income groups to give to the lower income car owners. Besides, the RM625 is not sufficient to cushion the higher cost of fuel.

(3) Is the government really short of cash when out of the estimated RM53 billion of subsidy (without fuel hikes), its actual direct subsidy is less than RM20 billion.

(4) Instead of using the other 45% of RM13.7 billion to subsidise food, why not improve the public transport system and lower the import duties on cars so that our standard and quality of living will be on par with Thailand and Indonesia where the prices of cars are much lower? Alternatively, build a wider and more efficient rapid train system similar to Singapore’s.

Aside from the issue of leakages through inefficient spending, these issues will probably be played up by the Opposition.

Let’s see whether the political backlash will lead to some solid debates in parliament and eventually more efficient use of resources. Read more at http://www.jeremiahliang.blogspot.com

Why not, whose money do u think help Curry open a boutique TENC at the pavillions, KL? whose money is it for Curry to owed billions of ACM Libra shares? whose money is it for Curry to owed stakes at Air Asia, Rapid KL, Rapid Penang. Whose money is it to build so many toll booth to collect from the people? it is like selling lemon juice to the people.

How Malaysia going to touch Brunei? the shukoi jet we ordered are not yet delivered since the big fat najis got his large pay check. The scorpene submarine have not deliver all yet, we don’t even have the dock to keep them and the group of trained marine to operate them.

If Indonesia come to invade Malaysia, since many of their foreigner workers are here can easily spy on our govt. weaknesses, assasin our leader with bullet on head becos current M’sian policy is to reduce and contaminate them, then there is possiblity Indonesia will launch attack on Malaysian.

And now, the end is here
And so I face the final curtain
My friend, I’ll say it clear
I’ll state my case, of which I’m certain
I’ve lived a life that’s full
I traveled each and ev’ry highway
And more, much more than this, I did it my way

Regrets, I’ve had a few
But then again, too few to mention
I did what I had to do and saw it through without exemption
I planned each charted course, each careful step along the byway
And more, much more than this, I did it my way

will the RM1m each end up into their pocket ?