Thursday, June 5, 2008

Random

Guys,hello!

Post something here...will ya?

I'm bored..

Don't expect me to do everything right?

I've done lots!

Maybe it's the time for you to do right now, yeah?








And yea, NEWS!




KUALA LUMPUR (AFP) - - Malaysia's government faced demonstrations and public outrage Thursday over its decision to hike petrol prices 40 percent overnight, in a bid to curb its massive subsidies bill.

Opposition groups said they would hold protests in Kuala Lumpur at 11.30am (0330 GMT) and in the northern city of Ipoh at 11.00am over the "unconscionable" increase.

"The fuel increase is both economically inefficient and socially unjust," said Lim Guan Eng, secretary-general of the Democratic Action Party which is part of the opposition alliance.

"So long as rich companies continue to enjoy such fuel subsidies, especially the independent power producers, the fuel increase will be seen as both pro-rich and punishing the poor," he said in a statement.

The new pump price for petrol will be 2.70 ringgit (0.84 dollars) and 2.58 ringgit for diesel. Petrol previously cost 1.92 "ringgit", among the cheapest in Asia.

Prime Minister Abdullah Ahmad Badawi's announcement on Wednesday evening triggered chaos across the country as motorists swamped fuel stations to fill up before the measure took effect at midnight.

Traffic snarls brought streets to a standstill in the capital Kuala Lumpur as up to 100 cars queued at each petrol station which still had fuel to sell, while many others said they had sold out and turned angry customers away.

Abdullah indicated that further increases were in the pipeline as Malaysia moves to completely abandon fuel price controls that would have cost 17.4 billion dollars this year -- about a third of the national budget.

"God willing I hope Malaysians will not demonstrate over this," he said, referring to fury over earlier hikes in a country where public transport is poor and most people are reliant on their cars.

Motorists who turned up at petrol stations Thursday to pay sharply higher prices to fill their tanks were uniformly furious over the decision.


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