— Koon Yew Yin
The Malay Mail Online
June 29, 2014
JUNE 29 — Every now and then we will get statements from government on how much it is spending on subsidies for the poor.
This message is especially loud and clear during vote canvassing in elections or by-elections; or when there is an intended rise in the price of goods and commodities.
A few days ago, the Najib administration announced that it will increase electricity prices by an average 7.12 per cent from 1 June so as to trim the subsidy.
Natural gas prices will also rise by RM3 per mmBtu every six months until it reaches market levels.
So far there has been little public reaction to this price increase partly because it has not been factored yet into the monthly bills of the public.
But be warned that this increase in electricity bills will affect all households — poor, middle class and rich. Even the poorest households spending less than RM20 will be affected as the free service to them will be discontinued at the end of the year. It looks like the children of poor households will have to read by candle light in the night. Continue reading “Subsidies for the poor or Umno-putras, part 1”