Thanks KC for your explanation. But the reduction of subsidies gradually will make more people suffer enough especially for those fresh grad who just stepped into the society and try to live independently. The income/salary for fresh grad is way too low.
boleh land #1 problem is corruption, any initiative incl this one is greatly impacted by the inability of fighting corruption; as it often "eat" from top to bottom. at such, it is often difficult to justify whether which subsidies r truly bad, while majority with low salaries but million & million of bunglow still sell like no body business
A point to ponder for everyone. Based on the calculation, the actual inflation rate for Malaysia is rather high in comparison to the neighboring countries. There's two possibilities here. One, the calculation is inaccurate. The other, the actual price of consumer products subsidized is not as high as the what the data indicates.
Thanks Shane for your blog which it really broaden my knowledge, could you further explain on your assumptions of why "the actual price of consumer products subsidized is not as high as the what the data indicates"
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Posted by KC Loh > 2013-02-25 14:14 | Report Abuse
to say malaysia is the only Asian country that provides subsidy for consumer goods is wrong!
http://www.bangkokpost.com/business/economics/227910/thailand-urged-to-cut-subsidies
http://www.amcham.or.id/nf/features/3191-soybean-group-pushes-subsidy