Recently increased in the petrol price in Malaysia from RM1.62 to RM1.92 has brought along with it mixed responses. Although it is something that cannot be avoided, lower earning citizen in Malaysia need to do more than adjusting their lifestyle to adapt to the dramatically higher living expenses. As a result, rich will become richer and poor will become poorer.
Personally, I would not have any objections on this matter because managing a country is just like managing a big corporate business. Spending money on fixed expenses that make the growth of the business stagnant is definitely a NO NO. As the CEO of the business, I would take approach to minimize the expenses and use the abundant cash to expand the business into new horizon, to meet future challenges and possibly render any arising business opportunities.
But Malaysia government need to ensure that the money saved from reducing the subsidy will be fully utilized in increasing the quality of its people life and not falling into the hand of a few. A formalized public review plan of utilizing that capital is a mandate.
TheStar: No Other Way
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