==> Pls visit new site at http://malaysia-today.net/ <==

I would like very much to suggest a basic economic stimulus to the Government.

I believe most will agree with me that petrol price is one of the most basic elements. A downward adjustment, of course an obvious one, will bring about:

Lower business operating cost;

Sustainable transportation costs to business community and the public;

Competitiveness in term of cost control for domestic industries;

Higher disposable income to all citizens for spending in other activities to further boost up/ sustain economy.

Theoretically, the Government should not have collected "taxes" at this stage as such "taxes" channelled to economic stimulus package cannot benefit all citizens with direct positive impact while a downward adjustment in petrol pump price can achieve that.

Minimum pump price, set at RM1.80 per liter, is too high and will shrink the competitiveness of domestic industries in facing global challenges. Chain effect-wise, when domestic industries are losing their competitive edge against the overseas, then the Government will face difficulty in collecting taxes, to fund development projects.

Please think it over carefully. And, my urge is that DO NOT adjust downward by a little extent as it is impactless economically.

Yours faithfully,

Singaram

Lawyer cum Economist

Comments (7)

...
written by SeriousLy, February 12, 2009 16:42:25

The Economic ??? Stimulus???? More like BN stimulus! Help the retail industry???? Help BN members to the rakyats money! To help every industry survive firstly is to lower the Fuel Price so that people can spend and get the economic chain roll! Now BN is taxing us for their pocket to roll!

report abuse

disagree 0

agree 5

...
written by SeriousLy, February 12, 2009 16:44:02

BN now just want more money to make sure their members don't jump to PR!

report abuse

disagree 0

agree 5

...
written by AngryTaxpayer, February 12, 2009 16:47:58

As you can see UMNO leaders are busy stimulating themselves to be bothered with stimulating anything else, what more the troublesome economy

report abuse

disagree 0

agree 4

...
written by ahmadneil, February 12, 2009 16:56:07

That Shahrir is dumb about the lowering of fuel prices.The fuel prices is now at US$36 barrel.Where is the gov't promises of lowering the fuel prices to help the poor and hungry rakyats.The gov't is profiteering for this fuel hike.

report abuse

disagree 0

agree 11

...
written by savemalaysia, February 12, 2009 16:56:40

The best way to reduce the cost of business and bring down prices in Malaysia is for UMNO and its BN cronies to wipe out corruption and reduce the enormous wastages incurred by the nation. It has a short, medium and long term effect on the cash flow and assets of the country.

report abuse

disagree 0

agree 9

...
written by ahmadneil, February 12, 2009 16:57:45

AAB,it's about time you do some good work so that you will be remmembered by all malaysian.Give out food coupons to all malaysian and in this way they will help in growth.

report abuse

disagree 0

agree 6

...
written by OVERLORD, February 12, 2009 17:10:10

Singam..In your detailed itinerary, you forgot to include one important measure...The Government's Cut!!

report abuse

disagree 0

agree 5