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In the midst of a global crisis that is fast storming our region, the government has come up with a solution that is either too optimistic, or too unrealistic.

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Archive for June 7th, 2008

Anwar Ibrahim: Fuel Price Hike ‘Unconscionable’

Jun 7th, 2008 by cheekong | 0

MANILA, PHILIPPINES: Malaysian opposition leader Anwar Ibrahim said his government’s decision to sharply raise fuel prices was “unconscionable.”
In a move to end decades of heavy subsidies that have kept Malaysian fuel prices among Southeast Asia’s lowest, the Malaysian government recently jacked up the pump price of gasoline by 41% to 2.70 ringgit (US$0.87) a liter, [...]

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