Hasan Malek's 0.1pct rule
KINIBIZ They say all good parties come to an end, but the fuel price hike is quite a way to pour cold water on Tiger's good spirits after a great Merdeka weekend. Okay, maybe the subsidy party isn't over yet, our petrol prices are still relatively low compared to our neighbours.
Oh, right... ‘relatively low' doesn't automatically fatten our wallets with an extra 20 sen for every litre of petrol pumped into our cars.
So 20 sen extra per litre for RON95 petrol and diesel... it adds up, but maybe not so terrible if the extra costs are limited to the pump. But it won't be limited to the pump - it will add up throughout entire supply chains across the economy. Just thinking about the entire cumulative cost increase in everything under the sun being passed down to the end consumer is depressing.
Good thing Tiger doesn't need fuel for anything in the jungle, then, but Tiger can share more about Tiger's pure awesomeness later.
Anyway, the government was quick to soothe worries of a domino effect. Hasan Malek (left), the domestic trade, cooperatives and consumerism minister, said his ministry's studies projected the raised fuel prices to raise food prices by a mere 0.1 percent.
Yes, 0.1 percent.
Now, despite the bleak news, Tiger must say that the (newfound?) precision of the government is impressive - apparently the police aren't the only ones with the knack for exact numbers. Now we understand exactly what prime minister meant when he described the effect of the hike as ‘minimal'.
The 0.1 percent projection is so precise, being down to a decimal point and all, and that Tiger cannot help but admire how specific the figure is... surely this guy knows what he's talking about, and can back it up with well-analysed data from thorough research, because how else can anyone come up with such a precise figure?
Go to KiniBiz for more.
This article was written by Khairie Hisyam.