Soha’s Quill

Feeding the power – taken from E&T Magazine(VOL3, ISSUE13)

24 July 2008 · 2 Comments

Regarding biofuels and food competing with fuel, > 14 countries have been involved in food-related violence and amongst them, Malaysia was the first on he list. A few interesting ones are outlined below:

In Malaysia, Prime Minister Abdullah Ahmad Badawi is struggling for his political survival because of voters furious over food prices.

In India, food markets stand empty and the number of milk offerings to Hindu deities that take place daily across the country has plummeted.

Egypt’s President ordered the army to start baking bread.

The Philippines has made hoarding rice punishable by life imprisonment.

Japan, despite a long-standing cultural aversion to GM rice, has been importing it for the first time.

Well, food is a necessity and once this is threatened, politicians are forced to face this problem before they can focus on development or other issues. Hence, watchdogs/government institutions need to play an increasingly strong role in making sure that biofuels do not compete with food(although it might seem more lucrative).

On the other hand, this article also mentioned that farmers can benefit from the higher prices tha they obtain for their crops now – which in turn reduces the need for subsidies for them to be sustainable.

Categories: Blog · Energy · Food · Politics · World

Doubling of Malaysia’s CPI in one month!

24 July 2008 · 3 Comments

The CPI for June is recorded as 7.7% which is more than double the amount in May(3.8%). According to TheStar, this is the highest in the past 27 years(highest in my life)! Obviously this has everything to do with the increase in petrol prices which led to increase in electricity tariffs.

Looking back 27 years ago, the CPI was at 10.8% in April 1981. The relation we can get here is that during Tun Mahathir’s time as a Prime Minister, the CPI index was never at an alarming rate.

However, the question remains as to what are the items that are put together to form the basket in order to calculate the CPI and is it truly reflective of our current price of goods? Any thoughts or pointers are very welcomed.

Categories: Blog · Malaysia