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Sunday, August 24, 2008

Oil price review every 15 days

The cabinet, at a meeting Friday, agreed to review fuel prices every 15 days instead of a month as decided previously, Housing and Local Government Minister Datuk Seri Ong Ka Chuan said yesterday.

He said the review would take into account the global fuel prices during the 15 day period.

"Should there be an increase (in global fuel price), the maximum price for this year is RM2.70, more than that the government will provide subsidy.

"If there is further reduction, the government will announce an adjustment every 15 days based on global crude oil prices," he told reporters at the Universiti Tunku Abdul Rahman's convocation ceremony Saturday.

On Friday, Prime Minister Datuk Seri Abdullah Ahmad Badawi announced a reduction in fuel prices of between 8 sen and 22 sen effective yesterday. — Bernama

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Only 45% Malaysians are happy with Najib

Only 45% Malaysians are happy with Najib
Oh, what a diversion: Shoot those who back Chin Peng’s return. But we do not know how many really want him back. But we do know how many want Najib to leave: Only 45 percent happy with Najib. I leave it to you to decide: which is more serious?