Riot soon in Indonesia? Fuel subsidy bo liao...

[SBFNews]

 

[laksaboy]

Ethnic Chinese get gang raped again?

Maybe Joko is in danger of getting assassinated. But he knows where to seek sanctuary.

 

[gingerlyn]

Indonesians will target PRC business units

 

[syed putra]

By now, asean batives have gotten used to buying fuel based on market prices. Tbailand started it first, followed by philippines. No riots. Theur currency strengthened if compared to countries that continues with fuel subsidies such as malaysua and indonesia,

 

[bobby]

We all never ask for increase in fuel tax happy liao...still want fuel subsidy ?

 

[syed putra]

We all never ask for increase in fuel tax happy liao...still want fuel subsidy ?

Sinkie fuel tax is 100% based on unsubsidized fuel price in jiu hu of ron 97 which cutrentkly is RM4.5 per litre.
The fuel tax was imposed when price of fuel dropped to usd20/ bbl which caused ok lim to go bust.

 

[winners]

By now, asean batives have gotten used to buying fuel based on market prices. Tbailand started it first, followed by philippines. No riots. Theur currency strengthened if compared to countries that continues with fuel subsidies such as malaysua and indonesia,

By next year, RON95 in Malaysia will also be not subsidized.

Market price for RON 95, diesel expected next year as targeted subsidy starts – ready to pay RM4 per litre?​

In Local News / By Danny Tan / 1 September 2022 11:10 am / 61 comments


Malaysian motorists will be paying market price for RON 95 petrol and diesel soon, as there’s a high possibility that targeted subsidies will be implemented next year. This is the view of Maybank Investment Bank, reported by BH.
“We expect higher prices for RON 95 petrol and diesel next year with the revision of fuel subsidy. We understand that the test for the targeted subsidy mechanism started last month and will go on for three to six months. Therefore, we predict that fuel subsidy will be revised again next year as part of the Budget 2023 agenda, which is scheduled for October 7,” Maybank IB said in a research note.
The need for Malaysian to move away from blanket fuel subsidy is clear. The T20 group, which is the top 20% of earners in the country, is enjoying some RM8 billion in fuel subsidies compared to the RM6 billion enjoyed by the bottom 40% (B40). This was revealed by finance minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz in July.

He was repeating what he said in May, that Malaysia’s rich are enjoying the lion’s share of government subsidies. “For every RM1 of fuel subsidy, 53 cents go to the T20, while 15 cents benefit the B40. So, for example if the subsidy bill this year is expected to top RM30 billion, over RM15 billion is subsidy to the T20,” the senator said then.
Why so? The affluent have more cars, their cars consume more fuel and have larger fuel tanks. It’s as simple as that. While the need for targeted subsidy is clear, it’s much harder to find good way to implement a system that will that benefit the intended recipients with minimal leakage, and is universal.
In July, Tengku Zafrul, in a written parliamentary reply, said that a mechanism for targeted subsidy is being tested. “The (initial) testing will be followed by more extensive testing,” he said, adding that the government wants to ensure the feasibility of the mechanism in both urban and rural areas.

“It (testing) is expected to take between three and six months before the new system is implemented nationwide,” he said, adding that the implementation of the targeted fuel subsidy mechanism will be implemented in stages to ensure it does not cause inflation or affect economic growth. Will the government use direct cash handouts via e-wallets?
We’ll have to wait for more details, which might be announced during Budget 2023 next month. By the way, Indonesia is also grappling with the dilemma of fuel subsidies. Having already tripled its original 2022 energy subsidy allocation, the republic is considering raising fuel prices – which are already higher than ours – by 30%.
Are you ready to pay market price for fuel? RON 97 is currently priced at RM4.30 per litre.

Source: https://paultan.org/2022/09/01/mark...ted-subsidy-implementation-starts-maybank-ib/

Every country should go Nuclear so that electricity can be cheap and EVs will flourish. All petrol stations will be converted to EV charging stations and batteries swapping stations (for those EVs which are applicable). Thereafter, Russia and the OPEC+ Arab countries will then be begging on their knees.

 

[glockman]

Like that, is it safe for me to go Bali or not? My two gfs have been waiting there for me for two years.

 

[blackmondy]

Mark my words, these radical indons will soon go chopping off heads of the Chinese people there to vent their displeasure.
Indons are like dormant volcanoes. They just need a spark to unleash their barbaric and violent nature.

 

[syed putra]

By next year, RON95 in Malaysia will also be not subsidized

They should have done this when oil was usd20/ bbl. Then just pretend not a to know when price escalate.
Putrajaya spent RM80 bil on subsidies alone from fuel to chicken to electricity. Its crazy. Because of that, RM is not accepted anymore at thai border towns due to it depreciating against the baht.
Baht bas appreciated 40% since 30 years ago against RM.

 

[syed putra]

By next year, RON95 in Malaysia will also be not subsidized

They should have done this when oil was usd20/ bbl. Then just pretend not a to know when price escalate.
Putrajaya spent RM80 bil on subsidies alone from fuel to chicken to electricity. Its crazy.

 

[Pinkieslut]

Will be good news for Singapore if Indons start to chop again.

 

[searcher1]

If Indonesia start to shift blame on the Chinese again ... causing another riot & Chinese massacre ...
Things are no longer so forgiving from that 1998, the World would be spooked & never return back to this country