RM103bil savings from subsidy reduction

By TEH ENG HOCK

KUALA LUMPUR: The proposed reduction of Government subsidies will result in savings of RM103bil over five years, says Performance Management and Delivery Unit (Pemandu) chief executive officer Datuk Seri Idris Jala.

Among others, he said, the subsidy rationalisation laboratory proposed that fuel price be increased in mid-2010 by 10 to 15 sen, followed by 10 sen increase every six months until it reaches market price.

He said 61% of respondents in a SMS poll agreed that subsidies should be reduced while 66% preferred that it be done over three to five years. Some 200,000 people took part in the poll.

>> i wonder they give subsidy in the first place. if it is supose to help people then why they are taking it back? so is this one of our government's dirty trick??

My first blog

Usually I'm not good at words. Or shall I say expressing myself. I have always been a closed book. Not easily attached to people unless I know them for quite sometime. So people tend to mistake me. They usually tag me as snobbish, unfriendly or loner. But those who knows me well will say the opposite of that. So my effort to overcome this is through blog. This blog mostly will be regarding me n my world n my thoughts. Enjoy the journey ;)