Posted by Income > 1 month ago | Report Abuse

See the magic of the formula.

Posted by eastern_joy > 1 month ago | Report Abuse

Really PADU, waste RM85 million on a useless database and want to cut RON95 fuel subsidy. So whose company or crony get this project?

Posted by LossAversion > 1 month ago | Report Abuse

Dont worry, whoever did their part as Malaysian citizen by registering in PADU will receive something when the fuel subsidy is removed later. Only those sour grapes are making noises here!!

Posted by treasurehunt > 1 month ago | Report Abuse

Citizen has to disclose plenty of personal information in Padu. Some M40 won't do it simply for the purpose of getting few bucks subsidise from the government.

Posted by Change_ > 1 month ago | Report Abuse

PADU registration not in PH(Madani) govn GE15 manifesto. Why must we fill up?

Posted by PatBeh > 1 month ago | Report Abuse

Theory of Comparative Advantage, Economic Linkages and International Trade has long proven track records and has transformed the world economy for centuries. The colonials exploited them to become developed nations through international trade and colonial outposts. Post colonialism, global south has benefited from these theories through WTO, FTAs, multi-lateral international trade etc.

Grants, Subsidies, Social Capital Redistribution, NEP etc aren't bad policies. They are tools that has been used and exploited for centuries by colonial masters, and subsequently copied by global south to better their economies. Look at US Midwest for example, USDA has pump in subsidies for decades and they have benefited the whole world because of economics of scale and distributed free food aid to whole world through USAID. They cap food costs and inflation. Midwest community is only less than 1% of US industries but supply whole USA and whole wide world. This is comparative advantage, not subsidy.

Malaysia is endowed with natural gas, petroleum etc and gave rise to Petronas. This is our natural endowment. It gave Malaysia comparative advantage and Petronas has led to Malaysia enjoying cheap electricity, fossil fuels etc. So long as Petronas continues to print huge amount of profits, and ensuring Malaysia electricity and fossil fuels remain cheap, that is not subsidy. Why??

Malaysia has this natural endowment or comparative advantage. Our policies has been extremely good. It gave us comparative advantage in many industries that has boomed over the decades from this natural endowment, not subsidy. Glove, glass, petrochemical, logistics industries sprouted because of cheap natural gas. Many industries sprouted because of cheap electricity. Data centres is amongst the latest. Another comparative advantage Malaysia has is human resources. Foreign actors exploit these poach our talents so that they can level the playing field to Malaysia disadvantage.

So long as the net wealth creation is greater than the so call subsidy by the nation, it is not subsidy like USA Midwest case.

Targeting B40, M40, T15, T20 is bad policies as not any one group would be happy being targeted. If the government felt that diesel, RON95 subsidies are a burden, then I don't think so, because Petronas dividends is greater than these subsidy from the policy. Because of foreign interference, they want to level the playing field because they have comparative disadvantage, then Malaysia should ignore them.

The best way to exit fossil fuel subsidy if the government thinks that's the way forward is the let the crude oil market does its work. When fuel oil was below USD20 per barrel last decade, Malaysia government could have exited the subsidy then and create zero damage to Malaysia industries and economy. So lets wait for the next crude oil market crash and plan this subsidy exit could be a way forward. Less damage to the economy, commnunity and political unity

Posted by DickyMe > 1 month ago | Report Abuse

Formula King Eco Minister lost his mojo.
Talk kok!

Posted by icecool > 1 month ago | Report Abuse

if you believe this formula king even elephant also will fly to the moon.

Posted by Income > 1 month ago | Report Abuse

https://malaysia.news.yahoo.com/mysterious-monument-capitol-hill-honors-135748539.html

Posted by Income > 1 month ago | Report Abuse

On Sunday, Economy Minister Rafizi Ramli said the government was still refining the definition of the T15. He explained that it would not be based solely on gross household income, and the definition would take into account variables such as net household income, locality, and basic household spending for a reasonable quality of life, among others.

Posted by speakup > 1 month ago | Report Abuse

https://www.thestar.com.my/opinion/letters/2024/10/24/higher-wages-but-higher-prices-too
higher wages = higher cost of living = 0 sum gain
kan speakup dah kata long time ago, u cannot simply simply raise salaries without increasing Productivity! otherwise cost of living naik also, is No gain actualy

Posted by icecool > 1 month ago | Report Abuse

raising wages is a popular idea that is why the government is doing it.

Posted by treasurehunt > 1 month ago | Report Abuse

Up productivity in caterpillar pace. Look at our education system and the mentality of top management in the business...the most efficient and easy way is to get cheap foreign workers as many as possible for Malaysian enjoying better life. Hahaha

Posted by Income > 1 month ago | Report Abuse

China competes with US in tech, AI, robotic, nuke. We compete with cheap foreign labour s。How?

Posted by DickyMe > 1 month ago | Report Abuse

Without tech knowledge transfer, China is nothing.
They improvise on the parts using low quality material to produce cheap product.
It could not meddle with the critical engineering.