While the rumour that petrol pump price would go up on New Year’s day turned out to be a hoax, petroleum futures in world market has crept past the US$100 mark yesterday. It has since retreated a little, but many analysts are talking about a possible rise to US$140 and above.
The reason of the sudden surge was because of the fear that unrest in Nigeria, a oil producing country, will affect its production of oil and hence the supply to the world market.
What a start to a new year. Perhaps this is an omen that this will be the year of inflation.
The economy has to outgrow the rate of inflation in order to negate the effects on the people. 5% growth is slow if the inflation rate goes up.
I think the government should seriously consider doing away those policies that have made us not as competitive as we should be. I am sure our rate of growth would be much higher if there is fairer economic policies.
We need more foriegn investments as well as domestic private investments. But because of the various restrictions placed on businesses and the perceived obstacles and restrictions in the name of restructuring of society, , many people has opted to move thier investments overseas instead of investing more locally.
We should think further ahead. A high growth policy fair to all people will benefit all sectors of the populations.
Pls read my article written one year ago : will Malaysia be marginalised? . This article was quoted in littlespeck.com as well as in Malaysiakini last year..
Doc….Do you believe many ministers are corrupted and many high ranking members are filthy rich without working?
if you don’t…then there is great hope the government will seriously think of the country and it’s people.
But if you do….then don’t dream of good life for 2008.All will know AFTER the election…and I hope I am wrong..as I have given my opinions in your previous post.
The magic word is 70 sen per liter oil increase…to continue suck blood from the poor.
When the evil has reach a stage where even the evil doers seem to be so pious and another so…innocent…even at such old age….you can see the real characters of our Malaysian leaders.
Let the young ones of all races go and plan their lives with their votes.
I repeat…I could not care two hoots who is the next PM.
One thing….I am proud to see a Chinese minister settled his affairs within 3 days…straight ti the point…no twisting and turning about the matter.
I wonder why reporters do not get comments from M bin M….appointed as Senator…with a worst sex story than Chua.
By: monsterball on January 4, 2008
at 12:58 am
This government care about the “rakyat”? if that is the case, they will not playing with racist card over n over, the ‘rakyet” are divided into 1st class n 3rd class, even the foreigners from middle east get better treatment than the citizens.
By: steve on January 18, 2008
at 12:25 pm
I believe government should be more competent and corrupt free toward their management. The citizen should be treated equally,public employees’ promotion should base on merit like qualification n experience n performance. Huge project expenditures should place average citizens welfare first rather than on the interest of multi-national and foreign corporations.
By: Jeff on January 24, 2008
at 9:40 am
[...] The year of inflation « Dr Hsu’s Forum [...]
By: What cause INFLATION and how to deal with it. on March 3, 2008
at 7:02 am