Net oil producer Malaysia said rising oil prices could pose “a major problem” to the economy. Prime Minister Abdullah Ahmad Badawi said the government will be forced to raise the subsidies on fuels if oil prices continued to rise. Last year, it spent RM6.8 billion on fuel subsidies compared with RM4.3 billion in 2002. (US$1=RM3.8)….

This article is for Subscriber members only.
Register
Already a member? Log in here