With global fuel prices reaches USD135 per barrel, will the state of Terengganu, Sabah and Sarawak experience the increase in oil royalty rewarded to them by the federal government? Will the fuel subsidy change?
With price hike of 30% higher since early this year, Petronas who is the taiko to other foreign O&G companies in Malaysia should have racked in a handsome amount of profits to the company and additional wealth to Malaysia. That means, the government who owns Petronas as part of its list of GLCs, is also in good financial status.
So, there’s no reason for Malaysia to reduce fuel subsidy for the citizens. Don’t compare us to oil producing country, Indonesia who recently announced 30% fuel rise in its country because this country is so huge, chaotic, politically complicated and has been economic slave to IMF and US.
Back to the oil producing states, if Sami Vellu, during his years as the JKR Minister, able to influence the government for free toll highway only in his constituency, by right the people of Terengganu, Sabah and Sarawak should enjoy more fuel subsidies and royalty due to the rich o&g resource in these states. It is God who has awarded these states the natural resources that has contributed to the wealth of the country. So Dollah, the son of a famous religious man, should be thankful and reward what comes from these states.
If the BN government is serious enough to reduce fuel subsidies, make sure this is the last choice before scrapping off all the useless and ridiculous projects. There’s no point spending another few billions for ridiculous government leaking complexes, villas, resorts, crystal mosques, bridges, highways, waterparks or monkey celebrations or parties such as stupid fireworks at Putrajaya, which do not benefit the people, beside your own cronies.
Remember, the 30% mentioned earlier will increase again due to global oil demands and the fortune will land on government’s hand again. In this scenario, the government should not decrease the fuel subsidies to the people. The rich oil producing countries such as Arab Saudi has shown a good example by maintaining a low fuel price for the welfare of its people. Singapore who doesn’t have oil, distributes a portion of profits earned by the government to each of its citizen regardless of whether they are Malay, Chinese or Indian. At least they remember their people’s welfare.
In Malaysia, the government is doing the best to provide bumiputras with special treatments compare to non-bumiputras. Unfortunately, they are more recorded non-bumiputras who reach the Forbes’ list of world’s richest compare to bumiputras. Seen from our own naked eyes, still there’s a lot of bumiputras living in poverty due to the spoon-feeding and the anak-anak tiri culture. So, one of the abilities to maintain the balance welfare between bumiputra and non-bumiputra in the country is to maintain or increase various type of subsidies such as fuel.
With price hike of 30% higher since early this year, Petronas who is the taiko to other foreign O&G companies in Malaysia should have racked in a handsome amount of profits to the company and additional wealth to Malaysia. That means, the government who owns Petronas as part of its list of GLCs, is also in good financial status.
So, there’s no reason for Malaysia to reduce fuel subsidy for the citizens. Don’t compare us to oil producing country, Indonesia who recently announced 30% fuel rise in its country because this country is so huge, chaotic, politically complicated and has been economic slave to IMF and US.
Back to the oil producing states, if Sami Vellu, during his years as the JKR Minister, able to influence the government for free toll highway only in his constituency, by right the people of Terengganu, Sabah and Sarawak should enjoy more fuel subsidies and royalty due to the rich o&g resource in these states. It is God who has awarded these states the natural resources that has contributed to the wealth of the country. So Dollah, the son of a famous religious man, should be thankful and reward what comes from these states.
If the BN government is serious enough to reduce fuel subsidies, make sure this is the last choice before scrapping off all the useless and ridiculous projects. There’s no point spending another few billions for ridiculous government leaking complexes, villas, resorts, crystal mosques, bridges, highways, waterparks or monkey celebrations or parties such as stupid fireworks at Putrajaya, which do not benefit the people, beside your own cronies.
Remember, the 30% mentioned earlier will increase again due to global oil demands and the fortune will land on government’s hand again. In this scenario, the government should not decrease the fuel subsidies to the people. The rich oil producing countries such as Arab Saudi has shown a good example by maintaining a low fuel price for the welfare of its people. Singapore who doesn’t have oil, distributes a portion of profits earned by the government to each of its citizen regardless of whether they are Malay, Chinese or Indian. At least they remember their people’s welfare.
In Malaysia, the government is doing the best to provide bumiputras with special treatments compare to non-bumiputras. Unfortunately, they are more recorded non-bumiputras who reach the Forbes’ list of world’s richest compare to bumiputras. Seen from our own naked eyes, still there’s a lot of bumiputras living in poverty due to the spoon-feeding and the anak-anak tiri culture. So, one of the abilities to maintain the balance welfare between bumiputra and non-bumiputra in the country is to maintain or increase various type of subsidies such as fuel.
1 comment:
free highway for 3 states
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