
Lim: Do away with gas subsidies for IPPs
Petronas should stop gas subsidies given to independent power producers (IPPs) and supply more gas to industrial sectors across the country, says the Penang CM.




The market seesawed sharply, losing more than five dollars a barrel in early trading before staging a late rally.













Although Proton's domestic operations had improved with the introduction of new models, an alliance with a major company would help expand its sales in other countries.


‘Should we not be interested to find out if there were any other improprieties and what we can learn from the mistakes of the past?' asked Ambiga.

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'Najib and I have decided on the right time for me to hand over the premiership to him,' says embattled PM Abdullah Ahmad Badawi.





Most headlines feature the government’s move to give cash rebates for vehicle owners that will begin this weekend. But NST leads with Najib in London.





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'BN has been cheating the people. If we follow their logic, then everything the government spends on is a ‘subsidy’ of one sort or another.'

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‘It should be treated as just another GLC. If Petronas is clean, why worry about declaring everything to the public - its real owners?’