Tuesday, December 9, 2008

GAS Prices & Gross Domestic Product GDP

On December 3rd 2008 the Pak Lah Government reduced the gas prices by 10 sen more. Now
Ron 97 is RM$1.90 per litre
Ron 92 is RM1.80 per litre
Diesel is RM1.80 per litre


Malaysian economy grew remarkably well during the three quarters of 2008. For the
1st Quarter 2008 GDP is 7.1%
2nd Quarter 2008 GDP is 6.7%
3rd Quarter 2008 GDP is 4.7%
Thus, Malaysian economy only need to grow by 1.5% to achieve the target 5% growth for the whole 2008. For 2009 I envisage Malaysia GDP could achieve at least 2.5% growth.

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