the unexpected oil prices rises by 40% in Malaysia
Malaysia is one of the country in the Asia which offer cheap oil price at RM 1.92 sen since last year, however now we have to buy oil at the price of RM2.70. It is total increase of 40%. What make me surprise is that we expected oil raise in the month of august 2008 however, we are shocked that we heard this bad news. Malaysian is worried that oil raise will causes the inflation high enough for us to suffer. Malaysian protest but the government ignore because the government run out of money. Govt suggested that by cutting subsidies will help the country to improve the economy by having enough money to run mega projects. In my own opinion, cutting subsidies has the advantages and disadvantages. We hope to get cheap oil so that the cost is low and we can maintain low inflation. Our country have advantages because our stable economy. We can attract new investors by bringing new investments to our country and hence more job created. This is all since the past Now, time have changed, th...