Malaysia c.bank chief says rates on hold for now Reuters June 5, 2008 Malaysian inflation is likely to rise to a 10-year high in 2008 following sharp rises in domestic fuel prices, but the central bank does not need to raise interest rates, the head of the authority said on Thursday. Malaysia announced a broad overhaul … Read more
HINDRAF’S ACTION SEEMS TO HAVE TARNISHED MALAYSIA’S IMAGE ABROADBy Syed Azwan Syed Ali Bernama June 05, 2008 June 5 (Bernama) — Lobbying for international support for the Hindu Rights Action Force (Hindraf) by its chairman P. Waythamoorthy in the United Nations, India and Britain seems to have tarnished Malaysia’s image abroad more than it has … Read more
Malaysia to register 5-6 per cent GDP growth this year, says PM MCOT English News, quoting from BernamaJune 05, 2008 PUTRAJAYA, June 5 (Bernama) — Malaysia is expected to register a gross domestic product (GDP) growth of between five and six percent this year compared with 6.3 percent last year, Prime Minister Abdullah Ahmad Badawi … Read more
Malaysia and India Increase Price of Subsidized FuelBy PETER GELLINGJune 5, 2008 India and Malaysia risked the wrath of voters by raising the price of subsidized fuel, measures that could further weaken the governments of both countries, already made fragile by recent electoral setbacks. In India, the increase was quickly condemned by political parties from … Read more
Fuel price hike: Subsidy still in forceBy : Deborah LohThe New Straits TimesJune 5, 2008 Datuk Seri Abdullah Ahmad Badawi and Datuk Seri Mohd Najib Razak at the press conference to announce the increase in petrol and diesel prices. PUTRAJAYA: The pump price for petrol is now RM2.70 per litre and diesel RM2.58 a litre … Read more
Economists see inflation soaring to six per cent By : Jeeva Arulampalam and Rupa Damodaran, The New Straits TimesJune 5, 2008 KUALA LUMPUR: Economists said inflation could double to six per cent this year after the government decided to increase fuel prices and allow electricity tariff to rise. They also think that economic … Read more
Differing views on price policies By The New Straits TimesJune 5, 2008 MALACCA: Chief Minister Datuk Seri Mohd Ali Rustam has described the fuel price increase and subsidy scheme as appropriate policy to ensure that the subsidy goes to the needy, reports Jason Gerald. “Although those who do not deserve the subsidy would have to … Read more
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 … Read more
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 … Read more
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 … Read more