Fuel Price Hike and Malaysian Politics

Malaysia Today by Bill Tarrant  – 5 June 2008

Now that he has executed politically unpopular fuel and power price increases, Abdullah prepares to gracefully exit the stage. Over the next six months, he quietly arranges to hand power over to his stated successor, Deputy Prime Minister Najib Razak.

Malaysia has sharply raised fuel and gas prices, a move that could drive inflation to a 10-year high and risk further stoking anger against Prime Minister Abdullah Ahmad Badawi, already fighting for his political life.

The stock market has fallen 3 percent and the ringgit weakened just over half a percent, as investors worry about growing political risks due to a possible change in government.

Here are some possible political risk scenarios, compiled by Reuters on the basis of interviews with analysts.

ABUDLLAH WEATHERS STORM FOR NOW; PRESSURE BUILDS ………. read more

walk to work

 

3 Responses

  1. Very informative, is there an alternative to gas car

  2. Wow Sean, I browsed the sites you linked, so interesting! Learned something new today. Thanks friend, for sharing the info.

  3. thanks you again pak lah abdullah (so call stupid prime minster ) … to hike petrol price,, better ask the stupid man to step down …

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