Monday, June 16, 2008



unday, June 15, 2008

The Horrors Of RM625 Rebate Per Car
I wish to add to the pile of horrors being shared across the old and new Malaysian media on this RM625 rebate we the rakyat should be getting per registered vehicle of less than 2,000cc or RM150 per motorbike below 250cc. The following list is not comprehensive, but still...
How come rebates are for a maximum of 5 vehicles per person? I thought this was for the benefit of the middle to working class? As far as I know, very few in the 'middle-class' bracket can afford to own more than 2 vehicles - usually one cheaper or older vehicle (kapcai or old Proton) and a newer one. Why are we helping people who can afford to own 3+ cars!
Why is government supporting these rebates for vehicles using the criteria of less than 2,000cc? On this basis, the proud more than-middle-class Malaysian owner of a brand new BMW 3 Series Convertible (1,995 cc) would be equally eligible for the rebate as a working class owner of a 3rd hand Proton Iswara (1,300cc)!
This rebate targets people who own vehicles, but many of the poor, especially the hard-core, will not be eligible for these benefits but will suffer the impact of higher inflation anyway! This was not just expressed over teh tarik over the weekend, a couple of bankers were quoted in the papers today as saying with recent policy changes "more Malaysians could slip into the poverty bracket, if not below"!
My young friend here has an analysis that shows that key beneficiaries of this rebate policy include a particularly well connected investment bank, chaired by an infamous almost-Tan Sri! How consistent with past Lah-ist government policy!
Poeple are rushing for the rebates, despite the government saying they can do this over the course of the year. The reason? People are afraid Pak Lah will flip-flop again and cancel the rebate before they can get their money! Early signs here?
Implementation? Long queues, grouses over Post Offices running out of cash, but the minister is still smiling and declaring early success!
ad-nauseum...Yet again one ponders a question now so asked it's getting rather stale... can Pak Lah's government do anything right?


Letting the time pass me by said...

Production kos untuk Petroleum sebenarnya sekitar USD20 usd per barrel...Itu bersamaan dengan RM0.60 seliter .. kalau ambik sekali dengan kos-kos keuntungan dan sebagainya sebanyak 70% sekali pun harga minyak petrol hanya patut naik sehingga RM1.50 paling tinggi pun...

Off course kalau kita ambik kos minyak dunia memangla kalau kita beli kat Pasaran terbuka harganya = USD100++, tapi kalau ambik nilai production yang betul-betul at the pump, harga nya sekitar USD20 sahaja..

Berdasarkan perkiraan aku, harga petrol kat Malaysia masih lagi boleh dijual dibawah harga RM2.70 seliter...Malah boleh dijual dibawah RM2.00 seliter dan masih untung, kalau ade inisiatif yang benar-benar ikhlas oleh kerajaan..


Sapa pegang duit petronas pun kita tak tau.Tak pernah dengar Balance-sheet.......

Mungkin Tun M boleh dedahkan.

Muhammad Azli said...

The world is facing economic turmoil due to the depreciation of the US Dollar, the sub-prime loan crisis, rising oil and raw material prices, food shortages and the continued activities of the greedy hedge funds. The possibility of a US recession is real. In a way the US is already in recession. The world economy will be dragged down by it.

Malaysia will be affected by all these problems. I wonder whether the Government is prepared for this.

Saya percaya jika berlaku apa-apa krisis kewangan seperti tahun 1998, Pak Lah dan menteri-menterinya pasti lingkup..tak tahu nak buat apa.. jika kita lemah, belajarlah daripada orang yang kuat.

Ridzuan Masri said...

Dear Pak Cha,

The rising of fuel price issue, has drag my thinking about conspiration theory. It has reach to certain serious extent in my mind that the top officials of BN government will be collapsed, and these top officials know that such event will take place very soon. Therefore, these people quickly want to raise money for themselves and their pockets including those cronies and leave behind the mess to the opposition party.

I certainly hope my conspiracy theory will not become the true fact of current happenings.