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Malaysian Ringgit & Fuel rate update

HyperS4
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Winners Newbie

Winners

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Dear Fellow Bikers,

 

The days of refueling with cheaper petrol and getting cheaper commodities from up North may be numbered.

 

Petrol At Pump May Follow Market Price Next Year

 

KUALA LUMPUR, Oct 27 (Bernama) -- Datuk Seri Ahmad Husni Hanadzlah on Tuesday did not discount the possibility that petrol price at the pump could follow the market price or without subsidy once the subsidy management system is implemented early next year.

 

The Second Finance Minister said with the new structure, the offer of subsidy will be more targeted to the groups that qualify to enjoy the subsidised petrol price.

 

"The price of petrol might be fixed at the market rate but the targeted individuals will get the subsidy. There will be no subsidy for petrol price except for the targeted groups.

 

"The (subsidy management) system is being developed and it will start with petrol. It will be implemented between the first and second quarter," he told reporters after officiating the National Taxation Seminar 2009 here Tuesday.

 

The target groups are likely to involve the lower income group or those at a specific salary scale, he said.

 

MyKad could also become one of the mechanisms for giving out subsidy, he said.

 

In the 2010 Budget tabled last Friday, Prime Minister Datuk Seri Najib Tun Razak said the subsidy management system will be implemented early next year using the MyKad and existing infrastructure.

 

The subsidy system is also expected to be employed for other commodities.

 

"Under the current system, the given subsidy is enjoyed by all parties from the high income earners to foreigners entering the country," he said.

 

"Therefore, we need to have a system that is fair and we believe this move will ensure that it reaches the intended groups."

 

The system is expected to reduce the government's expenditure on subsidies and the savings can be then used for other productive activities.

 

Under the 2010 Budget, the government has allocated RM10 billion for fuel subsidising.

 

On the goods and services tax (GST), Ahmad Husni said following the social impact study, its implementation will be known by the end of this year.

 

He also gave the assurance that if it is to implemented, it will not burden the people and its percentage definitely lower than the current sales and services tax rate.

 

The minister also stressed that the GST will not be an additional new tax system, but a replacement of the current sales and services tax which charges between five and 10 per cent.

 

During the recent budget announcement, Najib who is also Finance Minister said that the study was to ensure that the GST to be implemented would be to stabilise the government's finances and not burden the rakyat.

 

Source: http://www.bernama.com/bernama/v5/newsbusiness.php?id=450115

Edited by Winners
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Zhi Ming Newbie

Zhi Ming

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time to enjoy the cheap v-power as much as we can for now then...:angel:

12 Jun 2008 - Class 2B

28 Jun 2008 - Honda Phantom TA 200 (COE 11/3/17)

17 Jan 2009 - Class 3

27 Oct 2009 - Class 2A

28 May 2016 - Yamaha Fino 115 (COE 04/8/24)

9 June 2017 - Honda CB400 Spec 2 (COE 02/1/23)

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Zhi Ming Newbie

Zhi Ming

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Yesterdays Jb exchange rate still at RM 241... , changed SGD $50 for $120 ringgit at JB citysquare.

12 Jun 2008 - Class 2B

28 Jun 2008 - Honda Phantom TA 200 (COE 11/3/17)

17 Jan 2009 - Class 3

27 Oct 2009 - Class 2A

28 May 2016 - Yamaha Fino 115 (COE 04/8/24)

9 June 2017 - Honda CB400 Spec 2 (COE 02/1/23)

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YEN96 Newbie

YEN96

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i changed on the 4th Nov RM243

KAWASAKI KIPS F* XX *

KAWASAKI ZX-10R FY3946Z (26 Oct 07 - 23 Jan 10)

YAMAHA RD350LC FS4160Z

1996 Honda Civic SiR EK4

1993 Honda Civic Vti EG6 SBZ2065P 1993 Honda Civic Vti EG9 SBX9073E 2002 MB E200 SDT6931X

1991 MB 200E SBT2703M

1986 MB 280SE EZ8138M 1992 Toyota Cressida SBU1756L

1992 MB 280SE SBU6143Y

http://w1.bikepics.com/pics/2006/05/16/bikepics-589321-full.jpg

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YEN96 Newbie

YEN96

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how do pump petrol in Jb using credit card that swipe at the pump. so i don need to go cashier counter ......wat card will i need

KAWASAKI KIPS F* XX *

KAWASAKI ZX-10R FY3946Z (26 Oct 07 - 23 Jan 10)

YAMAHA RD350LC FS4160Z

1996 Honda Civic SiR EK4

1993 Honda Civic Vti EG6 SBZ2065P 1993 Honda Civic Vti EG9 SBX9073E 2002 MB E200 SDT6931X

1991 MB 200E SBT2703M

1986 MB 280SE EZ8138M 1992 Toyota Cressida SBU1756L

1992 MB 280SE SBU6143Y

http://w1.bikepics.com/pics/2006/05/16/bikepics-589321-full.jpg

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redbeacon Newbie

redbeacon

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how do pump petrol in Jb using credit card that swipe at the pump. so i don need to go cashier counter ......wat card will i need

Any credit/debit card is accepted as long as you see your logo of the brand of card that you are using at the pump machine itself.

 

** Remember to keep the receipt, don't want any fradulent charges to appear on your card.

Co-Moderator for IT -inerary forum

Biker nerd • Windows • Apple Mac • Android user

 

"Kick up your sidestand bro, let's ride..."

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