Saturday, June 07, 2008

41% hike in petrol price in Malaysia

i was early for a wedding

5th May 2008 will go down in history and memories of millions of Malaysians and even Singaporeans, particularly those who got this habit of crossing the borders regularly to save a few bucks.

When Singapore raised its GST by 2% to 7% last year, I heard that 2%-tremor has only just been digested through the many layers of the Singapore economy.

So I wonder how long will a 41%-tremor take to go through Malaysia and Singapore? The tremor is already being felt in Singapore when express bus companies announced ticket price increases.

Singapore must not feel that we will be immuned from that shock! The 41% increase will not be just their problem.. it will be our BIG problem.

Trust me, the worst has yet to come... Sigh..........

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