Toll Hike Hits Hard - October 15th

It doesn't rain but it pours - and our cash-hungry rulers have done it again! WTF!!!

RON 95 petrol, diesel prices up by 20 sen from Oct 2

With the world crude oil prices lower in recent months Malaysian government seems to see fit to hurt its population with a 20 sen increase per liter. The G-men's spin doctors are now renaming it a subsidy reduction.

RON 95 will now cost RM2.30 per liter and diesel RM2.20/liter.

Bank Negara cuts OPR by half percentage point

KUALA LUMPUR: Worried about a growing risk of an economic contraction this year, Bank Negara has cut the overnight policy rate (OPR) by 50 basis points, or half a percentage point, to 2% as the global economy continues to deteriorate.

This coming just over a month when on Jan 21, Bank Negara cut the OPR by 75 basis points to 2.5% things are not looking very pretty indeed. I am hearing from people in industries like insurance, hair styling, plumbing and food saying their business has dropped from 30% to 50% in recent weeks.