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My Letter To NST on the Fuel Subsidy Issue
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<blockquote data-quote="Lee36328" data-source="post: 241378" data-attributes="member: 113"><p>From the New York Times, Automobiles Section.</p><p></p><p></p><p>"Malaysians, however, don’t have an easy time indulging their automotive desires, and are more often spectators than participants. The biggest hurdle is the country’s per person purchasing power parity, which was $12,900 in 2006 compared with $44,000 in the United States. Basic transportation like the Proton Persona sedan costs about $14,000, about the same as a Mazda 3 in the United States, but takes a higher percentage of the average income. Step up to, say, a <a href="http://topics.nytimes.com/top/news/business/companies/bayerische_motoren_werke_ag/index.html?inline=nyt-org" target="_blank">BMW</a> 325i and the base price is more than $87,650 in Malaysia versus the equivalent model, the 328i, at $33,175 in the United States."</p><p></p><p>Full article here.</p><p></p><p><a href="http://www.nytimes.com/2007/11/11/automobiles/11MALAY.html?_r=1&ref=automobiles&oref=slogin" target="_blank">http://www.nytimes.com/2007/11/11/automobiles/11MALAY.html?_r=1&ref=automobiles&oref=slogin</a></p></blockquote><p></p>
[QUOTE="Lee36328, post: 241378, member: 113"] From the New York Times, Automobiles Section. "Malaysians, however, don’t have an easy time indulging their automotive desires, and are more often spectators than participants. The biggest hurdle is the country’s per person purchasing power parity, which was $12,900 in 2006 compared with $44,000 in the United States. Basic transportation like the Proton Persona sedan costs about $14,000, about the same as a Mazda 3 in the United States, but takes a higher percentage of the average income. Step up to, say, a [URL="http://topics.nytimes.com/top/news/business/companies/bayerische_motoren_werke_ag/index.html?inline=nyt-org"]BMW[/URL] 325i and the base price is more than $87,650 in Malaysia versus the equivalent model, the 328i, at $33,175 in the United States." Full article here. [URL]http://www.nytimes.com/2007/11/11/automobiles/11MALAY.html?_r=1&ref=automobiles&oref=slogin[/URL] [/QUOTE]
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