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WUPPERTAL, Germany (Reuters) - Wuppertal's theatre was a beacon of hope for a new age of creativity when built in West Germany's post-war boom. Today it is in trouble, a symbol of the bankruptcy threatening cities in Germany's biggest state.
KUALA LUMPUR: The people will decide if subsidies are maintained or abolished but the important point is that they must fully understand the consequences of that decision, said Prime Minister Datuk Seri Najib Tun Razak on Thursday.
KUALA LUMPUR: Malaysia will be bankrupt by 2019 if it does not cut subsidies and rein in borrowings, said Minister in the Prime Minister's Department Datuk Seri Idris Jala on Thursday.
KUALA LUMPUR: Malaysians should understand the long-term consequences of keeping the current subsidies for various commodities.
KUALA LUMPUR: Malaysia will save RM103bil over the next five years if it slashes its subsidy bill now.
KLUANG: MCA supports the Government's efforts in reducing subsidy but noted that it should be introduced gradually with savings channelled directly to the lower income group.
KUALA LUMPUR: To say that Malaysia will go bankrupt by 2019 if subsidies are not withdrawn is a 'terribly dramatic and inappropriate way' to justify the end of subsidies, said an economist and Umno supreme council member.
KULIM: The Government may withdraw subsidies given to highway concession holders that operate on road stretches with alternative toll-free roads, said Works Minister Datuk Shaziman Abu Mansor.