Malaysians seem to forget that Malaysia’s economy is a heavily subsidized one. Not only is oil heavily subsidized, but so are other commodities such as flour, sugar, rice and cooking oil. A subsidized economy where prices of goods are artificially kept low can not be maintained over the long haul. The most limited of resources is money, and since money is limited, it should be put to good use to derive an optimum impact to the economy.

A Fair Price for Oil Read the rest of this entry »