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 Falling Oil Prices - Where it leaves Malaysia, Not too bad afterall

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dreamer101
post Jan 14 2015, 09:51 PM

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TS,

1) Your source is from a web site that the main business is property loan. Now, if the economy is going to hell and property market is going to crash, would you EXPECT this source to tell you?? Of course not. It will be out of business.

2) When the oil price was at record high during 2012, THE GOVERNMENT increase its debt at 40 to 50 billions. THE GOVERNMENT is expected to increase its debt around the same amount at 2015 if the Oil Price is at high level with GST. THE QUESTION back to YOU is this, what do you THINK THE GOVERNMENT will do NOW

A) Increase more taxes

B) Cut spending SUBSTANTIALLY

C) Increase DEBT at even higher pace.

A reasonable person will believe that (A) to © will happen together. Now, if that happened, what will happen to the ECONOMY?? Please noted that 50+% of KLSE is owned by THE GOVERNMENT, GLC, and GLIC.

This ship is sinking fast. If you do not know this, it is TOO LATE for you.

https://forum.lowyat.net/topic/3374996

Dreamer
dreamer101
post Jan 14 2015, 10:24 PM

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QUOTE(AVFAN @ Jan 14 2015, 10:11 PM)
this one is contentious...

likely cut all... except the really wasteful ones incl the notorious year-after year-nobody-does-nothing highlighted by a-g.
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AVFAN,

It is NOT as long as it only affects RAKYAT but not THE GOVERNMENT. For example, oil subsidy cut. Gas subsidy cut and increase electric bill..

Dreamer
dreamer101
post Jan 25 2015, 10:16 PM

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QUOTE(ZZMsia @ Jan 25 2015, 01:35 PM)
Dreamer has been proven WRONG! Electricity  and gas hikes were stalled..
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ZZMsia,

Gas price had dropped substantially. To match the drop in gas price, electricity and gas price need to drop. But, the electricity and gas price pay by the consumer did not drop. So, either THE GOVERNMENT pay a lot less subsidy or THE GOVERNMENT is collecting tax now or both. So, where does the money goes?? The savings are not pass to the consumer...

Dreamer


dreamer101
post Feb 4 2015, 09:42 PM

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QUOTE(supersound @ Feb 4 2015, 08:40 PM)
Depends how we see it.
With a GTL plant in Bintulu, we are exporter.
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supersound,

http://www.eia.gov/countries/country-data.cfm?fips=my

<<Malaysia is the world's second-largest exporter of liquefied natural gas and the second-largest oil and natural gas producer in Southeast Asia, and is strategically located amid important routes for seaborne energy trade.>>

Actually, Malaysia produce more gas than crude oil. And, gas price in Asia is higher than the rest of the world. Gas price is related to crude oil price but not exactly. The worst is yet to come when USA start export gas. In that case, it will impact gas price directly..

http://www.bloomberg.com/bw/articles/2014-...fire-up-in-2015

http://www.reuters.com/article/2014/12/11/...N0TV2JZ20141211

Dreamer

 

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