Price hikes spark crisis of confidence

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The rakyat want to know why, when Petronas and TNB are making indecently huge profits, Malaysians are made to pay for the hefty price hike. Together we must demand that the government make public the detailed accounts of Petronas and TNB, asserts Ong Eu Soon.

The government’s decision to allow the unprecedented hefty price hike of petrol and electricity is tantamount to gross negligence in fulfilling their responsibility as the government of the day.

Many people have lost confidence in the present day government. The Barisan National has finally proved that it know nuts about running a country.

Instead of the anti-inflation committee unveiling anti-inflation measures, this committee is doing the opposite, accelerating price hikes of everything in this country. Don’t forget, this is just the beginning of the nightmare unleashed by Badawi. By August, when the price of petrol is left to float according to market demand, we will be paying more! RM4 or RM8?

Our ‘world class’ city, KL, until now still has no proper public transport system. Without improving the public transport system, without measures to counter inflation, and by allowing petrol price hikes, Abdullah Badawi has just revealed how incompetent his policy making isi. He will be remembered as the most incompetent prime minister of Malaysia or the Father of Incompetence.

For the financial year ended 31 March 2007 (FY07), Petronas posted a profit before tax of RM76.3bil, up from RM69.4bil in FY2006. For the financial year 2007, TNB’s profit before tax hit a record high, soaring 106% to RM4.1 billion.

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The rakyat want to know why when Petronas and TNB are making indecently huge profits, Malaysians are made to pay for the hefty price hike. Together we must demand that the government make public the detailed accounts of Petronas and TNB, including how much revenues and profits they have made since the rise in global oil prices.

We can’t allow this crisis of confidence over the government of the day to go on.

Change, change, change. The people want change; change of the government, change of policy, change of prime minister, change we can believe in.

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