cut subsidies of the people, but save the rich cronies!
the move to cut subsidies on fuel and sugar would save the government RM750 million a year.
...However, we are losing RM 3.6 billion annually due to the issuance of AP (Approve Permit).
The AP was supposed to be ended in year 2010, yet the government extended the AP system until year 2015? Does that make any sense?
According to Tony Pua:
APs were largely issued to 4 prominent businessmen popularly known as the "AP Kings".
In 2005, it was announced that 80% of the APs went to 20% of the companies, many of which were inter-related.