The Federation of Malaysian Consumers Associations (Fomca) has warned consumers to brace themselves as it expects the 20-sen increase to the price of RON95 petrol and diesel to have a domino effect on all sectors.

"There will be a negative impact on public transportation, the manufacturing sector, construction as well as the food industry.

"The government should be prepared to face the fallout from the fuel hike," warned its president Datuk N. Marimuthu.

Marimuthu noted that 90% of the public use RON95 which is heavily subsidised as opposed to RON97, which is based on the market price.

"The government is also planning to revise the electricity tariffs, which I think is going to happen soon," he told The Malaysian Insider.

Marimuthu said the government should face the angry public as it has failed to explain how markets operate, how subsidies function and how prices are determined.

"This was never done over the last 56 years and announcements are made as and when the government wanted to hike prices. This is not a good move at all as the public does not like surprises when it affects their pockets," he added.

Post removed.Why?

Diesel increase about 11%, Minister says food price only increase 0.1%. School van driver says cost will increase from RM600 to RM900 which is 50%. Malaysia mathematic boleh!!

Lokman Noor Adam, who is vying for the post of Umno Youth vice-chief, said he is disappointed with his party over the recent fuel price hike.

Fitch Ratings has given its stamp of approval to the cuts on fuel subsidies and move to limit import-intensive investment
by the government but said a lot more needs to be done to revert Malaysia’s sovereign credit rating outlook to stable.

The credit rating house had earlier downgraded the rating’s outlook to negative from stable on concerns of the government’s ability to
contain and lower its budget deficit.

“The upshot is that the corrective fiscal measures, announced yesterday (Monday), are too small to alter the negative outlook on
Malaysia’s ‘A-’ sovereign rating,” said Fitch in its statement yesterday.

Fitch said the measures are consistent with its fiscal projections, and are credit-neutral over the near term, while the fuel subsidy
reduction is a first, small step ahead of possible additional measures to shore up public finances.

Fitch feels that a more calibrated pace of public investment, putting priority on nonimport- intensive projects, should limit the risk of
nearterm fiscal overruns and lower the possibility of the current account slipping into a deficit.

“We estimate that Malaysia’s current account surplus will fall, sharply, to 3% of gross domestic product (GDP) this year after averaging 11% over 2009- 2012,” said Fitch.

The ratings agency opined that sustained reform implementation, accompanied by structural measures to broaden the revenue base, can
make a difference to Malaysia’s credit profile but it does not see any intensification of reforms that can also withstand potential growth headwinds.

Fitch gave two reasons why effective fiscal consolidation in the next 12 months would not be easy: The first reason being the Malaysian
economy is undergoing a terms-of-trade shock, with the prices of key commodity exports falling sharply.

It opined that this environment presents a downside risk to Malaysia’s GDP forecast of around 5%, year-on-year, in 2013-2014 and, if GDP were to slow, then the nation’s tax receipts would also fall.

As a result, trimming deficit to 3% by 2015 and not letting state debt exceed 55% of GDP, as stated by Prime Minister Najib Tun Razak in May
this year, become difficult.

The second reason given by Fitch is that the political position of the ruling coalition has weakened following the May elections and higher fuel prices do not bode well with Malaysians either.

The government is likely to continue to encounter difficulties in implementing far-reaching, and much delayed, revenue- enhancing
reforms such as the goods and services tax (GST), said Fitch.

Ministry of Finance secretary general Mohd Irwan Serigar Abdullah has been reported recently to say that the GST is a must, and not an option.

He confirmed reports that the GST could be included in Budget 2014 and indicated that Malaysians can expect to see the tax being imposed
possibly by 2015.

Fitch is one of the three major global rating agencies with the other two being Moody’s and Standard & Poor’s (S&P). Both Moody’s and S&P
are maintaining their stable outlook on Malaysia.

Sabah opposition has questioned the Prime Minister’s rationale in hiking RON95 and diesel prices which directly affect baseline consumers when the federal government could have instead cut subsidies to Independent Power Producers (IPP) as its first measure.

State party assistant secretary Junz Wong said that cutting back on subsidies on fuel would only earn the federal government RM1.3 billion while a reduction on IPP would allow the administration to save RM3.3 billion a year.

Wong said in 2012 budget, IPPs were given RM8 billion as subsidy.

“IPPs are mostly public-listed companies such as YTL Power and Powertek etc which recorded a profit of RM1.6billion on revenue of RM13billion and RM450million on revenue of RM1.34billion respectively.

“By cutting IPP subsidy the federal government will be able to save more than RM3.3billion a year.

“So it only makes more sense to do this…why cut rakyat subsidies?

“Najib should cut other subsidies first to prove his “Rakyat didahulukan” slogan is not just an election war cry!” Wong said in a statement today.

The petrol and diesel price hikes, announced by Najib on Monday were part of the federal government’s subsidy rationalization measures to cope with the declining current surplus.

Fitch Agency today reportedly gave the move a thumbs up but noted however that it was “too small to alter the negative outlook on Malaysia’s ‘A-’ sovereign rating.”

Fitch said the measures are consistent with its fiscal projections and are credit-neutral over the near term, while the fuel subsidy reduction is a first, small step ahead of possible additional measures to shore up public finances.

Fitch had earlier downgraded the rating’s outlook to negative from stable on concerns of the government’s ability to contain and lower its budget deficit.

News Analysis: Prime Minister Najib Razak has claimed that the 20 sen hike on RON95 and diesel would help the country to reduce its fiscal deficit.

He further claimed that the move would save the government RM1.1 billion in the remainder of 2013 and RM3.3 billion annually on the subsequent years.

Ok. He may be right.

But wait a minute.

To cushion the impact due to fuel price hike, Najib also announced that the cash payout for 1Malaysia People’s Aid (BR1M) would be increased in the Budget 2014.

However, he did not state how much it would be.

According to the figure provided by deputy Finance minister Ahmad Maslan last July in parliament, the government had spent a whopping RM2.9 billion for BR1M 2.0.

A total of 6.8 million recipients had received the cash aid, with 4.8 million receiving RM500 were those with household income of less than RM3,000 and another 2 million receiving

RM250 were from the bachelors group earning less than RM2,000.

As the finance minister, does Najib realise that giving BR1M actually cost more than what it can save from hiking the fuel prices?

At the old rate, BR1M would cost RM1.8 billion more than what it could save this year at RM1.1 billion.

Najib had promised to increase the cash payout.

Let's assume the government would pay RM600 for household earning less than RM3,000 and RM300 for bachelors; BR1M 3.0 would cost the government a whopping RM3.48 billion, slightly more than the RM3.3 billion saved from fuel subsidies.

Mathematically, this has expunged Najib’s claim that the fuel price hike would help to reduce country’s fiscal deficit.

Now, how will the government recover the deep financial hole impact from their BR1M exercise?

Goods and services tax, electricity tariffs or new taxes? You name it. It seems like a people-unfriendly Budget 2014 is coming our way.

- harakahdaily.net

If the price of roti canai goes up by 10 sen, tea by 10 sen, one piece of fish by 10 sen, vegetables by 10 sen, rice by 10 sen, drinks by 10 sen - this means my RM5 lunch goes to RM5.50.

That is a 10 percent hike in lunch and also everything else.

2 major problem, 1 is monopoly and the other is subsidies. What is a point of government paying subsidies to people like Syed M for rice, flour and etc which end of the day we as consumers does not benefit from it. If there is no monopoly and let market dictate the price, rice can be cheaper without subsidies. Who pocket our $$$?

Can Domestic Trade, Cooperatives and Consumerism Minister Hasan Malek guarantee Malaysians that all food prices will only rise by 0.1 percent?' ...because of the RON95 increase???

Post removed.Why?

brother Grambo, these useless idiots don't want people to say something against RON95 increase and so they tak boleh tahan & RED FLAG all Alias post, haahaahaa, such mentality?

Ali Rustam wants Genting Highlands casino closed

Former Malacca chief minister Mohd Ali Rustam has urged the government to close down the Genting Highlands casino resort.

...now this is really good & I thank this Ali Rustam, no more family problems because of gambling, haa haahaa

brother Grambo, Alias cannot post as these idiots and their cybertroopers RED FLAG Alias.

Janji di capati! Nambikai ...like brother Grambo said, we go and makan roti canai, hahaha

idiot saufi74, every Malay, Chinese, Indian , Iban dll who go & say something which you don't like you ask them to migrate...same stupid UMNO/BN mind? Which ass hole did you come from saufi74???? What mentality???

oh la la singara

idiot saufi74, did your parents teach you some manners, you want to interfere into other people's affair? Go & fly kite lah, you are much better in this?

fuck you saufi & your stupidity too, now shut your stinking mouth & nobody will say you are stupid?

Post removed.Why?

Post removed.Why?

Post removed.Why?

Sohai necro, I presume you must be one of the stupid idiots in the 42% group that stupidly vote the UMNO/BN? And that's why you are so angry. First of all may I ask you if you are that stupid as not to believe that politics & business doesn't mix? Then I can safely say that you are the chief moron. AS I had said before that if you don't like this topic, then move on as there are thousands of topics here & not need to look here & open your bloody fucking stinking mouth here, get it????? Did you get an orgasm while looking into this topic or thread? If you sohai necro aka Azli think that you can had an orgasm here, forget it & you did better go and masturbate somewhere else to achieve your orgasm. Or you are that idiot not to UNDERSTAND SIMPLE ENGLISH?

Sohai necro aka Azli, I had notice that before in so many topics here you are trying to be so sarcastic to others, you think you are that smart in trading but the real fact is that you are incorrigible or plain idiotic or stupid or is it moronic???? FYI, I am not bingo as you so call & I had already make my big pile in share trading long before you started trading as I presume you must be running naked in your kampong when I first traded...so don't teach your grandfather to suck eggs as you are totally NOT fit to. Now I hantam which counter when I feel like it & I don't suffer the stress & panic like you do when trading.

Another things is don't think that this your father or grandfather's forum and you can ask others what to write & what not to write...get lost necro aka Azli & go fly a kite. I write what I like and who are you stupid necro aka Azli to stop me? Even the admin doesn't say so, so who are you stupid sohai necro?

As I said sohai necro, go and fly a kite....or better still go and lick UMNO/BN balls as you will enjoy it better?? Understand??? haa haa haa


Janji di capati! Nambikai

...go on and register many new member names to RED FLAG again...shows such stupidity...your parents teach you this????? I too can register another new name, as easy as ABC...go on & call your UMNO Cybertroopers to RED FLAG again as I love it, haahaahaa

Ben101, with you & your UMNO Cybertroopers, this country is really gone...still want to be a rent seeker?? tak malu??

Fuck you & your sister Ben101, haahaahaa

Sohai necro, I presume you must be one of the stupid idiots in the 42% group that stupidly vote the UMNO/BN? And that's why you are so angry. First of all may I ask you if you are that stupid as not to believe that politics & business doesn't mix? Then I can safely say that you are the chief moron. AS I had said before that if you don't like this topic, then move on as there are thousands of topics here & not need to look here & open your bloody fucking stinking mouth here, get it????? Did you get an orgasm while looking into this topic or thread? If you sohai necro aka Azli think that you can had an orgasm here, forget it & you did better go and masturbate somewhere else to achieve your orgasm. Or you are that idiot not to UNDERSTAND SIMPLE ENGLISH?

Sohai necro aka Azli, I had notice that before in so many topics here you are trying to be so sarcastic to others, you think you are that smart in trading but the real fact is that you are incorrigible or plain idiotic or stupid or is it moronic???? FYI, I am not bingo as you so call & I had already make my big pile in share trading long before you started trading as I presume you must be running naked in your kampong when I first traded...so don't teach your grandfather to suck eggs as you are totally NOT fit to. Now I hantam which counter when I feel like it & I don't suffer the stress & panic like you do when trading.

Another things is don't think that this your father or grandfather's forum and you can ask others what to write & what not to write...get lost necro aka Azli & go fly a kite. I write what I like and who are you stupid necro aka Azli to stop me? Even the admin doesn't say so, so who are you stupid sohai necro?

As I said sohai necro, go and fly a kite....or better still go and lick UMNO/BN balls as you will enjoy it better?? Understand??? haa haa haa


Janji di capati! Nambikai

...go on and register many new member names to RED FLAG again...shows such stupidity...your parents teach you this????? I too can register another new name, as easy as ABC...go on & call your UMNO Cybertroopers to RED FLAG again as I love it, haahaahaa

Sohai necro, I presume you must be one of the stupid idiots in the 42% group that stupidly vote the UMNO/BN? And that's why you are so angry. First of all may I ask you if you are that stupid as not to believe that politics & business doesn't mix? Then I can safely say that you are the chief moron. AS I had said before that if you don't like this topic, then move on as there are thousands of topics here & not need to look here & open your bloody fucking stinking mouth here, get it????? Did you get an orgasm while looking into this topic or thread? If you sohai necro aka Azli think that you can had an orgasm here, forget it & you did better go and masturbate somewhere else to achieve your orgasm. Or you are that idiot not to UNDERSTAND SIMPLE ENGLISH?

Sohai necro aka Azli, I had notice that before in so many topics here you are trying to be so sarcastic to others, you think you are that smart in trading but the real fact is that you are incorrigible or plain idiotic or stupid or is it moronic???? FYI, I am not bingo as you so call & I had already make my big pile in share trading long before you started trading as I presume you must be running naked in your kampong when I first traded...so don't teach your grandfather to suck eggs as you are totally NOT fit to. Now I hantam which counter when I feel like it & I don't suffer the stress & panic like you do when trading.

Another things is don't think that this your father or grandfather's forum and you can ask others what to write & what not to write...get lost necro aka Azli & go fly a kite. I write what I like and who are you stupid necro aka Azli to stop me? Even the admin doesn't say so, so who are you stupid sohai necro?

As I said sohai necro, go and fly a kite....or better still go and lick UMNO/BN balls as you will enjoy it better?? Understand??? haa haa haa


Janji di capati! Nambikai

...go on and register many new member names to RED FLAG again...shows such stupidity...your parents teach you this????? I too can register another new name, as easy as ABC...go on & call your UMNO Cybertroopers to RED FLAG again as I love it, haahaahaa

Sohai necro, I presume you must be one of the stupid idiots in the 42% group that stupidly vote the UMNO/BN? And that's why you are so angry. First of all may I ask you if you are that stupid as not to believe that politics & business doesn't mix? Then I can safely say that you are the chief moron. AS I had said before that if you don't like this topic, then move on as there are thousands of topics here & not need to look here & open your bloody fucking stinking mouth here, get it????? Did you get an orgasm while looking into this topic or thread? If you sohai necro aka Azli think that you can had an orgasm here, forget it & you did better go and masturbate somewhere else to achieve your orgasm. Or you are that idiot not to UNDERSTAND SIMPLE ENGLISH?

Sohai necro aka Azli, I had notice that before in so many topics here you are trying to be so sarcastic to others, you think you are that smart in trading but the real fact is that you are incorrigible or plain idiotic or stupid or is it moronic???? FYI, I am not bingo as you so call & I had already make my big pile in share trading long before you started trading as I presume you must be running naked in your kampong when I first traded...so don't teach your grandfather to suck eggs as you are totally NOT fit to. Now I hantam which counter when I feel like it & I don't suffer the stress & panic like you do when trading.

Another things is don't think that this your father or grandfather's forum and you can ask others what to write & what not to write...get lost necro aka Azli & go fly a kite. I write what I like and who are you stupid necro aka Azli to stop me? Even the admin doesn't say so, so who are you stupid sohai necro?

As I said sohai necro, go and fly a kite....or better still go and lick UMNO/BN balls as you will enjoy it better?? Understand??? haa haa haa


Janji di capati! Nambikai

...go on and register many new member names to RED FLAG again...shows such stupidity...your parents teach you this????? I too can register another new name, as easy as ABC...go on & call your UMNO Cybertroopers to RED FLAG again as I love it, haahaahaa

Sohai necro, I presume you must be one of the stupid idiots in the 42% group that stupidly vote the UMNO/BN? And that's why you are so angry. First of all may I ask you if you are that stupid as not to believe that politics & business doesn't mix? Then I can safely say that you are the chief moron. AS I had said before that if you don't like this topic, then move on as there are thousands of topics here & not need to look here & open your bloody fucking stinking mouth here, get it????? Did you get an orgasm while looking into this topic or thread? If you sohai necro aka Azli think that you can had an orgasm here, forget it & you did better go and masturbate somewhere else to achieve your orgasm. Or you are that idiot not to UNDERSTAND SIMPLE ENGLISH?

Sohai necro aka Azli, I had notice that before in so many topics here you are trying to be so sarcastic to others, you think you are that smart in trading but the real fact is that you are incorrigible or plain idiotic or stupid or is it moronic???? FYI, I am not bingo as you so call & I had already make my big pile in share trading long before you started trading as I presume you must be running naked in your kampong when I first traded...so don't teach your grandfather to suck eggs as you are totally NOT fit to. Now I hantam which counter when I feel like it & I don't suffer the stress & panic like you do when trading.

Another things is don't think that this your father or grandfather's forum and you can ask others what to write & what not to write...get lost necro aka Azli & go fly a kite. I write what I like and who are you stupid necro aka Azli to stop me? Even the admin doesn't say so, so who are you stupid sohai necro?

As I said sohai necro, go and fly a kite....or better still go and lick UMNO/BN balls as you will enjoy it better?? Understand??? haa haa haa


Janji di capati! Nambikai

...go on and register many new member names to RED FLAG again...shows such stupidity...your parents teach you this????? I too can register another new name, as easy as ABC

Sohai necro, I presume you must be one of the stupid idiots in the 42% group that stupidly vote the UMNO/BN? And that's why you are so angry. First of all may I ask you if you are that stupid as not to believe that politics & business doesn't mix? Then I can safely say that you are the chief moron. AS I had said before that if you don't like this topic, then move on as there are thousands of topics here & not need to look here & open your bloody fucking stinking mouth here, get it????? Did you get an orgasm while looking into this topic or thread? If you sohai necro aka Azli think that you can had an orgasm here, forget it & you did better go and masturbate somewhere else to achieve your orgasm. Or you are that idiot not to UNDERSTAND SIMPLE ENGLISH?

Sohai necro aka Azli, I had notice that before in so many topics here you are trying to be so sarcastic to others, you think you are that smart in trading but the real fact is that you are incorrigible or plain idiotic or stupid or is it moronic???? FYI, I am not bingo as you so call & I had already make my big pile in share trading long before you started trading as I presume you must be running naked in your kampong when I first traded...so don't teach your grandfather to suck eggs as you are totally NOT fit to. Now I hantam which counter when I feel like it & I don't suffer the stress & panic like you do when trading.

Another things is don't think that this your father or grandfather's forum and you can ask others what to write & what not to write...get lost necro aka Azli & go fly a kite. I write what I like and who are you stupid necro aka Azli to stop me? Even the admin doesn't say so, so who are you stupid sohai necro?

As I said sohai necro, go and fly a kite....or better still go and lick UMNO/BN balls as you will enjoy it better?? Understand??? haa haa haa


Janji di capati! Nambikai

...go on and register many new member names to RED FLAG again...shows such stupidity...your parents teach you this????? I too can register another new name, as easy as ABC

no good, Chinaman counter. Never true report.

a con counter.

wait, $4 below will drop.