• Economy in jeopardy
  • Foong Wai Fong
  • 1211167542
  • The way the Barisan Nasional government announces its response to various crises almost inevitably involves the spending of billions of ringgit.

    Two images are conjured up by this approach: first, Malaysia’s pockets are so deep that we will never run out of money; and second, we can buy our way out of our economic woes.

    Malaysia cannot afford this for too much longer.
    • Panelists: Review fuel subsidy schemes
    • Allow fuel prices to float for a better future
    • Use petrol subsidy to subsidise poor
    • Shahrir: Dump petrol prices subsidy
    • Subsidy savings: It�s RM366 million a month
    • Culture of populist actions
    • Operate with sense of crisis