The recent drastic hike in fuel price has indeed created a lot of hardship among income earners and businesses collectively. More so when it was timed to perfection... when our domestic economy was facing a slowdown with lacking opportunity mainly due to the present government's inability to run the country effectively. What is sickening is that they can push all the blame to global crisis with ease while the silent majority knew that what we faced today is due to their corruptive practises over the past 2 decades.
What is done cant be undone for the time being. Further ranting and bickering definitely wont change a thing now. But at least, we get to get it out of our system. We still need to adjust ourselves to this drastic hike. It's not going to be easy with growing children. Personally, i have to give up many things and now i am back to basics.
While we continue to adjust ourselves to this sudden change, please allow me to inject further anti climax to your already-miserable adjustment and to those who are highly geared with bank borrowings like businesss loan or housing loan- Brace Yourself to a Drastic Interest Rate Hike!! I am not kidding here. With our real inflation rate at double digit figure as opposed to the central bank's figure, a interest hike is inevitable. The current BLR cannot be maintain at this level. It just doesnt make any economic sense.
Yes right.. the key word is drastic and i am talking about a BLR of 9-10%. This would further rub into our country's sorry economic state. A double whammy courtesy from our BN administration. They Corrupt We Pay!!