Friday, 5 December 2025

Author: Medecci Lineil

Oversold, under-delivered

“Like it or not, today, oil still represents 30 per cent of the global energy mix. When you add gas to that, it’s about 56, 57 per cent. With coal, fossil fuels, as they call it, still represent 80 per cent.” “And you know what? From 1980, it was about

Curse of perverse incentives

THE Auditor General’s Report 2025 Series 2 highlighted weaknesses in the implementation, monitoring and enforcement of the subsidised cooking oil scheme, which involved expenditure of RM10.88 billion between 2018 and February this year. Among the findings of the National Audit Department (NAD) was that only 3.57 million tonnes of subsidised

Far above official print

IN July last year, Datuk Seri Anwar Ibrahim was quoted as saying: “The Consumer Price Index (CPI) is not perfect. Current times call for changes” during Prime Minister’s Question Time in Parliament. He was also quoted as saying the government was developing a Cost of Living Index that would include

Leave with quiet reverence

‘Travelling – it leaves you speechless, and then turns you into a storyteller.’ – Ibn Battuta Business travel rarely leaves room for leisure. Istanbul almost did until protests broke out, and I ended up watching from my hotel window. The past few weeks in Indochina were spent working behind the

Trillion-ringgit temptation

THE Employees Provident Fund (EPF) has been a source of pride for its members in recent years. By delivering good, or some might say, solid returns, the perception of the public towards the EPF has improved. In the past, it was commonplace for disparaging comments about the fund.  Doubt was

Stuck in transition

ONCE considered a promising fifth addition to the rich or industrialised Asian tiger economy in the early 1990s alongside Singapore, South Korea, Taiwan and Hong Kong, Malaysia — now what some critics call a thirty-something-year-old tiger cub — may well be looking at the last leg of its marathon towards

Happy 113th, Milton Friedman

ONE of the infinite numbers of ways in which I have been blessed is in the friends I inherited from my lecturers and colleagues.  There’s Alexander Flanigan, investment banker and assistant to former Goldman Sachs CEO Lloyd Blankfein. Esther George, one of my thesis supervisors, invited me to volunteer at

I’m letting go

Children have never been very good at listening to their elders, but they have never failed to imitate them. – James Baldwin (1924-1987), American writer and activist. Growing up, the moments that marked my coming-of-age were numerous. Back when I was a kid in Padawan—must’ve been 26 years ago—freedom came

Outdated framework fails economic reality

PARLIAMENT is tabling the 13th Malaysia Plan (13MP) today. Though this reflection comes somewhat belatedly, I believe it’s crucial to reassess our strategic framework.  Malaysia’s adoption of Soviet-style Five-Year Plans in 1956 was understandable in a post-colonial context.  But as we progress, it is worth asking whether such centrally planned

Language is Rushdie’s knife

Book title: Knife: Meditations After an Attempted MurderISBN: 9780670099580Author: Salman RushdiePublisher: Penguin Random House “Here I am, you bastard, the knife whispers to its victim. I’ve been waiting for you. You see me? I’m right in front of your face. I’m plunging my assassin sharpness into your neck. Feel that?