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KUALA LUMPUR, March 25 (Bernama) -- Fuel and gas prices will remain unchanged, the government announced here, Tuesday.
"Whatever the present price, we have to live with it," Prime Minister and Minister of Finance Datuk Seri Abdullah Ahmad Badawi told reporters here today at the "Invest Malaysia 2008" conference.
As for the price of gas, Second Finance Minister Tan Sri Nor Mohamed Yakcop said, "There is no decision to increase gas price at this point of time."
"If there is an increase, we will not do anything to squeeze Tenaga Nasional Bhd. Why should we," he said when asked whether Petronas would increase the price of gas.
Turning to the economic outlook, Nor Mohamed said although the target was 6-6.5 percent, "I think that the 6.5 percent level is difficult at present but around 6 percent or slightly lower is possible,"
Nevertheless, he said the economy was fundamentally strong.
"We have diversified our economy. We have gotten a very strong growing consumption sector and our domestic and foreign investments are also doing very well.
"We still think growth is significant going forward," he said in response to questions if the current sluggish global economic scenario will impact the Malaysian economy.
As for subsidies to narrow the income gap, he said: "We are working out on better and more efficient use of the subsidy (and) work is in progress."
-- BERNAMA
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