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

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repusez
post Jan 26 2015, 08:35 AM

On my way
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Senior Member
669 posts

Joined: Jan 2005
From: Kandang Lembu, KL
http://www.themalaysianinsider.com/sidevie...-sin-chew-daily

Moreover, the government hiked electricity tariff by 16% in January last year due to the then high international crude oil price.

It triggered dissatisfaction among business operators as the tariff has not been reduced even though the oil price has now plummeted.

The public opines that although the country's electricity relies mainly on coal and natural gas, but since they are alternatives to petroleum, their prices had fluctuated with the oil price and so, the cost should have been reduced since oil price has fallen.

The Energy, Green Technology and Water Ministry's argument saying plummeting oil price does not help in lowering electricity tariff does not seem convincing.

After the crude oil price fell last year, the Singapore government announced 8% of reduction in electricity tariff on January 1 this year while Sarawak Chief Minister Datuk Seri Adenan Satem announced on November 20 last year a reduction in electricity tariff by 40%.

- See more at: http://www.themalaysianinsider.com/sidevie...h.mDegcUBw.dpuf
repusez
post Feb 13 2015, 10:18 AM

On my way
****
Senior Member
669 posts

Joined: Jan 2005
From: Kandang Lembu, KL
venezuela condom price surge to $755usd , time for some entrepreneur to import more of our m'sian rubber there

"The $755 Condom Pack Is the Latest Indignity in Venezuela"
http://www.bloomberg.com/news/articles/201...ty-in-venezuela

 

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