Category: Oil & Gas

Petrol, power price rise effects begin to kick inBy The StarFriday June 6, 2008   PETALING JAYA: The effects of the increase in fuel price and electricity tariffs have started to kick in. Just a day after the announcement of the increases, the following developments have taken place: Bus and lorry companies announced that they… Continue reading Petrol, power price rise effects begin to kick in

FUEL PRICE HIKE: Transport firms fear impact of diesel price By The New Straits TimesJune 6, 2008  KUALA LUMPUR: There will be a national public transport crisis if the government does not allow bus fares to rise.   Konsortium Transnasional Bhd (KTB) chairman Datuk Nadzmi Salleh said the RM1 per litre increase in the price… Continue reading FUEL PRICE HIKE: Transport firms fear impact of diesel price

15 WAYS TO NEGATE THE RECENT FUEL PRICE INCREASE by TV Smith  June 5, 2008 Improve your vehicle’s fuel consumption – by as much as 40% – by changing the way you currently drive. There is a catch, though. You’ll no longer qualify as a Malaysian driver…Link to this artcle: http://www.tvsmith.net.my/duasen/130505_fuel.html1. Pump More Here & Pump… Continue reading 15 Ways to Negate the Recent Fuel Price Increase

Yong: Fuel price hike may result in serious political falloutBy The StarJune 6, 2008 KOTA KINABALU: The rise in fuel prices may result in a serious political fallout for the Barisan Nasional government, a Sabah component leader warned yesterday. Sabah Progressive Party (SAPP) president Datuk Yong Teck Lee wondered whether the overall consequences of the… Continue reading Yong: Fuel price hike may result in serious political fallout

Unions want 50 per cent pay increment By Puvaneswary Devindran , The Borneo PostFriday, June 6th, 2008  KUCHING: Unions in Malaysia have no choice but demand for a salary increase of at least 50 per cent, said the Malaysian Trades Union Congress (MTUC) Sarawak Division yesterday. It said in a press statement that the fuel… Continue reading Unions want 50 per cent pay increment

Subsidy cut turns up Umno heat on Abdullah By The Malaysian InsiderJune 6, 2008 KUALA LUMPUR, June 6 — The battle lines for the top prize in Umno were drawn during the ruling party’s two-day retreat. Most supreme council members including Datuk Seri Najib Tun Razak supported Datuk Seri Abdullah Ahmad Badawi’s plan to contest… Continue reading Subsidy cut turns up Umno heat on Abdullah

Foreign car fuel ban offBy The StarThursday June 5, 2008 PUTRAJAYA: The ban on foreign-registered cars to buy petrol and diesel at border states has been lifted following the fuel price increase. Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad said it was no longer necessary to bar foreign vehicles from going to… Continue reading Foreign car fuel ban off

Short-term pain, long-term gain: Economists By The Borneo Post, quoting BERNAMAJune 5, 2008 KUALA LUMPUR: Economists have described the government’s decision to increase fuel prices as good for the nation’s economy in the long-term. “It’s a short-term pain, but a long-term gain, in terms of better economic stability and reducing the imbalances,??? said RAM Consultancy… Continue reading Short-term pain, long-term gain: Economists

Editorial: Slashing subsidiesBy The New Straits TimesJune 5, 2008 SUBSIDIES are unsustainable, which is why we should do away with them, say economists. While there are economic imperatives for passing on the increase in prices to consumers for social and political reasons, it’s never easy for policy makers to remove subsidies. Subsidising basic necessities to… Continue reading NST Editorial: Slashing subsidies

Idris: There’s no global fuel shortageBy WONG SAI WAN, The StarThursday June 5, 2008     ISTANBUL: There is no shortage of oil in the world and its present price level was driven up by unreal speculation, said Malaysia Airlines managing director and chief executive Datuk Seri Idris Jala. He said the present oil price… Continue reading Idris: There’s no global fuel shortage