Thursday, December 31, 2009

New year gift from BN Government

Everybody is expecting BONUS but unluckily instead, a gift were presented...Good luck to all Malaysian...
You all know what to do when the time comes, right? 

Published: Thursday December 31, 2009 MYT 7:26:00 PM - The Star
Sugar to cost 20 sen more from Friday

PUTRAJAYA: Sugar will cost 20 sen more per kg from Friday with the new price being RM1.65 in the peninsula and RM1.75 in Sabah and Sarawak.

Domestic Trade, Cooperatives and Consumerism Ministry secretary-general Datuk Mohd Zain Mohd Dom, who made the announcement, said the Government would also withdraw its subsidy on white bread from Friday and remove the commodity from the price control scheme.

He said the increase in the sugar price was necessitated by the rise in the price of raw sugar in the world market, and that the Government still subsidised the price at 80 sen per kg or RM1bil for the year.

“The subsidy on sugar is retained and the amount is much higher than the subsidy in 2009, which was RM720mil.

"However, as the world price of raw sugar has risen high especially since August, from US 14 cents to US 16 cents per pound to US 27 cents, the Government has had to raise the price of sugar," he told reporters here. - Bernama


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