Come Budget Day, many taxpayers will be hoping for more tax reliefs on all sorts of expenditure. But do you know such tax reliefs actually favour the rich? Continue reading »
May 302011
Electricity tariffs have been hiked by an average of 7 per cent because the government says it cannot afford “subsidies”. But Proton has been enjoying “research grants” from the government.
So who is subsidising whom in the case of Proton?
Source: Proton Annual Report 2010
Sep 112010
They invested RM22 billion in the hope of hitting a ‘gold mine’. And now they have almost zero production.
That’s the fate of the Malaysian biodiesel industry players, which have an installed capacity of 2.6 million tonnes. Read The Star report here.
And now, guess what, they are asking the government for subsidies. How do you like that? Didn’t they factor in the various risks? I still remember a business weekly gushing about the prospects of the biofuel industry and the big moves planned by the various players. Continue reading »
