tag:blogger.com,1999:blog-6297413898275266606.post2458477692057444608..comments2024-03-27T18:15:59.096+08:00Comments on Economics Malaysia: Subsidy Cuthishamhhttp://www.blogger.com/profile/06265308095732759923noreply@blogger.comBlogger68125tag:blogger.com,1999:blog-6297413898275266606.post-28883398831111006882014-10-22T12:36:08.298+08:002014-10-22T12:36:08.298+08:00Incidentally, I just spent a few fun-filled days i...Incidentally, I just spent a few fun-filled days in KL....it's amazing what the purchasing power of the Sing Dollar can achieve - hahaha.<br /><br />Anyway, while spending quality time with friends in the ritzy watering holes of the KL Hilton, I took note of the those who patronise said outlets for a spot of wheeling and dealing, if you know what I mean.<br /><br />It seems that these types Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-46586356267300538812014-10-22T10:22:42.971+08:002014-10-22T10:22:42.971+08:00Oh, really?
So, when Modi talks about doing away ...Oh, really?<br /><br />So, when Modi talks about doing away with diesel subsidies in India or Jokowi muses about canning all fuel subsidies in Indonesia, they are merely mouthing off?<br /><br />So, who gives a damn if India and Indonesia are way poorer than Malaysia?<br /><br />The Modi and Jokowi administrations have probably got their economic logic all wrong, according to your worldview.<br /Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-61361166719228343132014-10-11T17:24:27.295+08:002014-10-11T17:24:27.295+08:00annon @ 8:35am, what with you people so taken by t...annon @ 8:35am, what with you people so taken by the westerner??? Do not forget these Moody, S&P and other western rating agencies were the cause in the massive fraud of the sub-prime loans!!!!<br /><br />Please you have a brain think a bit deeper for yourself and not rely on these fraudsters.<br /><br />Zuo DeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-20923113218142267352014-10-11T08:35:43.356+08:002014-10-11T08:35:43.356+08:00The Warrior cleverly (or deliberately) avoids the ...The Warrior cleverly (or deliberately) avoids the point by raising all sorts of extraneous matters?<br /><br />The simple question is this: has the plethora of toll highways and "dispersal links" encouraged Malaysians to stop using their cars and motorbikes and hop on to public transport to get to school, to work, for business or for a night on the town to swill down Dom Perignon, Krug Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-42188558437985918262014-10-10T22:22:19.672+08:002014-10-10T22:22:19.672+08:00That was some broadside, Warrior.
I agree with yo...That was some broadside, Warrior.<br /><br />I agree with you on the removal of subsidy because it will not affect the booming economy and not because some IMFer say so or some western investment bankers say so, amen.<br /><br />Zuo DeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-18160223842231844592014-10-10T21:00:15.712+08:002014-10-10T21:00:15.712+08:00@hishamh
i would agree on warrior 231 on cartel or...@hishamh<br />i would agree on warrior 231 on cartel or monopolies which results in no or minimum competition in malaysia. Dewan perniagaan xxx, persatuan penjaja yyy, blablabla and the list goes on.<br /><br />@warrior 231<br />we talk about cost of living. there are a lot of items under the cost of living. of course not every things could be choosen, but surely still a lot more items could be. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-66724342566641919452014-10-10T16:29:25.091+08:002014-10-10T16:29:25.091+08:00In a nutshell, therefore, you are saying that cont...In a nutshell, therefore, you are saying that continued fuel subsidies are justified because Malaysia's public transport systems (especially in KL/greater PJ/Klang Valley, Penang and JB/Iskandar) are basically abysmal?<br /><br />That's cockamamie logic any way you look at it.<br /><br />Instead of taking the federal and state governments to task for not investing in efficient and Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-49174000905189480282014-10-10T01:27:01.409+08:002014-10-10T01:27:01.409+08:00I think I can agree to 'two wrongs do not make...I think I can agree to 'two wrongs do not make a right'. There isn't a like button :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-46094596436892489762014-10-09T23:23:32.434+08:002014-10-09T23:23:32.434+08:00Zuo De, the gap between the subsidized price and t...Zuo De, the gap between the subsidized price and the actual price has narrowed considerably to the point where any fuel subsidy rationalization would merely have a derisory effect on fuel consumption or wastage, subsidy or no subsidy.<br /><br />Ex- September whatever before the new rate kicked in, the 2.10 was roughly 81% of the actual price at 2.57 : 2.10/2.57 X 100<br /><br />Post September Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-18260483911212949512014-10-09T22:29:42.475+08:002014-10-09T22:29:42.475+08:00err @ Java boy, .have you heard of cartels or stra...err @ Java boy, .have you heard of cartels or straightforward monopolies...ergo no consumer choice......<br /><br />Now I will have a cuppa of Java...hehehehe<br /><br />Warrior 231Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-65416672634105799582014-10-09T22:17:12.418+08:002014-10-09T22:17:12.418+08:00Warrior,
Yes painful but I am for subsidy reducti...Warrior,<br /><br />Yes painful but I am for subsidy reduction. Malaysians need to readjust somehow, drive slower, smell the roses, inflate the tyres more, etc etc .....<br /><br />Ahh cannot win them all.<br /><br />Zuo De.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-17783699343383936322014-10-09T19:03:03.761+08:002014-10-09T19:03:03.761+08:00I read that even after the latest round of fuel su...I read that even after the latest round of fuel subsidy cuts, the government will be footing around RM21 billion a year in subsidies (I am not sure whether this is for fuel only).<br /><br />Surely, this isn't sustainable?<br /><br />It does not take a rocket scientist to realise this.<br /><br />The IMF has a point when it says that fuel subsidies should be eliminated and the funds saved Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-72365381368766186592014-10-09T14:50:45.435+08:002014-10-09T14:50:45.435+08:00Barry,
I think we're looking at different ag...Barry, <br /><br />I think we're looking at different aggregations. Under the detailed budget allocation, there isn't a separate category for subsidies hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-22049865538703831892014-10-09T14:47:26.705+08:002014-10-09T14:47:26.705+08:00@dukuhead
I think that's a cue for Michael Ja...@dukuhead<br /><br />I think that's a cue for Michael Jackson! <br /><br />Right, a lot of people don't realise that actual taxpayers number just 10% of the overall workforcehishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-72288516802575942292014-10-09T14:40:27.895+08:002014-10-09T14:40:27.895+08:00@Zuo De
RM100 extra per month = consumption x cha...@Zuo De<br /><br />RM100 extra per month = consumption x change in subsidy (RM0.20 per litre)<br /><br />That solves to consumption = 500litreshishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-87217463463226761622014-10-09T13:32:37.248+08:002014-10-09T13:32:37.248+08:00I think you meant 500 liters per year not per mont...I think you meant 500 liters per year not per month. A RM 100 increase per month only get you 43.47 liters of RON 95....<br /><br />Am I missing something?<br /><br />Zuo DeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-72008464923025758942014-10-09T12:55:18.815+08:002014-10-09T12:55:18.815+08:00that is true hishamh, some Malaysians demand bette...that is true hishamh, some Malaysians demand better and more efficient government but at the same time they want their subsidies! I give the example of my office colleague who is an ardent opposition supporter. He says the government MUST continue to subsidise fuel because we as tax payers have paid for these subsidies. Then he goes all out to support "Bersih" and other like causes. dukuheadhttps://www.blogger.com/profile/14663352492665996494noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-22885136466664488242014-10-09T11:59:40.185+08:002014-10-09T11:59:40.185+08:00That would be news to me. I'm looking at the n...That would be news to me. I'm looking at the numbers now, "Subsidies" and "Grants and Transfers" are separate items in central govt current expenditure.Barryhttps://www.blogger.com/profile/14062400631216665129noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-53167623711211116222014-10-09T11:15:53.640+08:002014-10-09T11:15:53.640+08:00I should add:
One possible source of discrepancy ...I should add:<br /><br />One possible source of discrepancy between the HIES and the number of actual BR1M payouts is that the HIES includes unearned income such as imputed rent (see <a href="http://econsmalaysia.blogspot.com/2014/09/explaining-household-income.html" rel="nofollow">here</a> for a discussion), while BR1M eligibility is validated at the back end by cross-checking with LHDN and EPF hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-78091647921610512002014-10-09T11:00:05.134+08:002014-10-09T11:00:05.134+08:00@anon5.28
1. There's a whole bunch of contrad...@anon5.28<br /><br />1. There's a whole bunch of contradictory numbers out there, and I cannot confirm which is the correct figure. The 38.8% for 2012 appears to be the most accurate. Note that EPU and DOS data should be the same, as the source is the same (Household income and expenditure survey conducted by DOS):<br /><br />http://www.statistics.gov.my/portal/images/stories/files/hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-50056328485025425922014-10-09T10:40:49.909+08:002014-10-09T10:40:49.909+08:00@stress-unplugged
When businesses are confronted ...@stress-unplugged<br /><br />When businesses are confronted by volatile input prices, they manage by building in a sufficient price margin to ensure they remain profitable regardless.<br /><br />In any case, Malaysia and US inflation rates over the long term have been broadly similar.hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-53291211437862736732014-10-09T10:35:41.603+08:002014-10-09T10:35:41.603+08:00@warrior
Seriously?
RM100 in increased fuel cost...@warrior<br /><br />Seriously?<br /><br />RM100 in increased fuel costs implies a monthly usage of 500litres. That's about the fuel consumption of my household (three cars, all 2000cc and above, average commute 2-3 hours daily). Average monthly Malaysian household consumption (per EPU) is less than a third of that, the median level is lower still.<br /><br />500l? That ain't no poor hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-3683939051482138802014-10-09T10:25:05.091+08:002014-10-09T10:25:05.091+08:00@bee farseer
Are you talking about subsidies, or ...@bee farseer<br /><br />Are you talking about subsidies, or BR1M?hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-31008248683361433042014-10-09T10:24:14.987+08:002014-10-09T10:24:14.987+08:00@anon 10.17
As per my reply to dukuhead above@anon 10.17<br /><br />As per my reply to dukuhead abovehishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-57570166892713844752014-10-09T10:23:46.281+08:002014-10-09T10:23:46.281+08:00@dukuhead
http://econsmalaysia.blogspot.com/2013/...@dukuhead<br /><br />http://econsmalaysia.blogspot.com/2013/10/public-waste-and-public-choice.htmlhishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.com