Only yesterday, the Malaysian government has to effect the rationing of cooking oil where each person was allowed to purchase 5kg of cooking oil only.
But it was widely published in today's local newspapers that the government would be flooding the whole Malaysia with cooking oil.
Flood in what sense? Quantity wise? 70,000 tons of cooking oil would be made available and with that 'flooding', the rationing of cooking oil has been lifted with immediate effect. The rationing lasted only one day.
Now, you tell me - where in the world did the government find the excessive 70,000 tons just overnight?
My colleagues were laughing over it and two probabilities:-
1) The government has arranged for it to be hoarded where all the 70,000 tons had been stored up by a crony company and the government bought all of it from this crony company.
2) All the cooking oil producers teamed up and hoarded this 70,000 tons and with government intervention (probably after being paid a large amount of money by the government). At the same time, this government was shown capable of solving any issues even though last minute and could be done overnight.
How did this two propabilities came about? From the media, there was no explanation as to how 70,000 tons of cooking oil were found overnight which occurred on the same day where rationing started.
Tags: Cooking Oil, Rationing of Cooking Oil, Hoarding, Malaysia
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