Journey of a Kampung Investor in search of financial freedom
Consumers, fastened your seat belts as the government will most likely increase our fuel prices over the time as it has been officially announced that the proposed two tier fuel subsidy scheme based on vehicle engine capacity has been scrapped.
The two tier fuel subsidy scheme was originally set to be implemented on May 1, 2010.
A new tax will be implemented soon which is the goods and services tax (GST). It is rumored that the GST will take place somewhere around mid 2011. A new change into Malaysia tax system.
To be honest, most Malaysians are still confused about the GST. Let me share some basic knowledge that we need to know when GST is implemented in Malaysia.
My best buddy is getting married next month on the 14th of March 2010. I have been to many wedding marriages of my friends and families.
To be honest when i went to my first wedding marriage i was somewhat confused on how much to give. After going to many, i learn from my experience on how much to ‘Pow’ during weddings.
I am thoroughly pissed with the Education Ministry latest bombshell in the MSSM calendar. The ministry has slashed the yearly budget of RM 6mil to RM 1.5mil for 2010.
A few prominent sports got the chopped such like squash, bowling and archery. How can they make such decisions? We have World No. 1 Nicol David in squash, a bunch of world class bowlers like Shalin Zulkifli and archer Cheng Chu Sian who almost got us a medal in Beijing 2008.
Instead sports like soccer, Sepak takraw, tennis, netball get the nod instead of the elite sports that has been producing world class athletes.
Sports that got the nod :-
Sports that got the chopped :-
What so great about LAOS Sea Games Gold Medal in soccer?
Looks like soccer is the only sports indispensable no matter what sort of results Malaysia produce. I for once is happy that we won the gold medal in LAOS but what is there to be shout about? Winning a SEA Games gold medal in soccer does not make our country a respected nation for soccer.
Wasting text payers money on sending the national soccer team to training abroad and producing mediocre results is the story we have been listening for ages. So why soccer is still in the list? We will NEVER be world beater!
Sepak Takraw? This is a joke right? Can’t be true…
Oh my God! Ministry Education has given sepak takraw the green light to be listed in the MSSM calendar. We can’t even win the gold medal in SEA Games la… There isn’t any world class competition for this kind of sports as well.
No honors and no glory but government still support? What rubbish decision is this? Only a handful countries play this sports but we still can’t win and it is in the calendar? Haiz..
Volleyball, Netball and Basketball who?
Who on earth are our national players name? I don’t think many of us know any of the national players in this 3 sports!
Hockey also should be dropped!
Our hockey team has been producing rubbish results of late. Hockey all should be dropped. Enough said…
Squash shouldn’t be dropped
Hasn’t Nicol David done enough for the country? We have Azlan Iskandar and Ong Beng Hee as well who are professional and world class players. Not to forget Sharon Wee as well.
Nicol has been the World No.1 for the past 3 to 4 years and without doubt the best player on planet in the women category.
Archery, we are up and coming
I know who Cheng Chu Sian is. Although he missed out on a medal in Beijing Olympics 2008, at least our archers are world class! Archery is included into our ambitious road for London 2012 Oympics and the education ministry can’t see that burning desire? Does the people inside need a knock on their heads so that they can wake up?
Bowling oh Bowling!
Malaysia has won countless championship and medals in this sports and it has put Malaysia’s name on the world map. Our bowlers are also world class noticeably Shalin Zulkifli. Like that also not enough?
Conclusion
It is about time when Malaysia wakes up from its slumber and make decisions based on merits and not other reasons. If we can’t even make such decision in sports, what about bigger things?
I am sure most of you are angry with such decisions but what can do Malaysians do? Always the top people makes the rakyat blood go up the stairs!
I really hope they will do something on this matter. Very angry indeed…
Another new implementation will take place in Malaysia starting May 1st, 2010. After the new credit card tax of RM 50, the government will have a new rule on the price of the petrol.
Currently all Malaysians have the privileged of enjoying the 30sen subsidy per liter. The current price of RON095 petrol is Rm1.80 compared to the actual price which is RM2.10
So what’s new install for all Malaysians and non Malaysians?
Conclusion
I am sure it will get very messy when this new implementation takes place. Still not quite sure the reasons of the government doing this but it won’t help much on saving money for the nation.
There are many other ways government can save money for the nation like stop those looting and unnecessary waste of public money and funds.
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It’s getting serious the air quality in Malaysia as haze worsens in certain part of Malaysia especially places in East Malaysia and also Klang Valley.
In Melaka, the condition is also quite bad. I had no choice but to get on a mask. It not only help me to protect myself from H1N1 but also protects me from the haze.
Imagine that it’s cloudy and looks like going to rain and there’s no sunlight around. That’s how bad the situation is.
I have found a place where we can find the Air Pollutant Index (API) in Malaysia. It gives reading at 11am and 5pm daily.
How do they rate the area is clean or hazardous using API?
0-50 = Good
51-100 = Moderate
101-200 = Unhealthy
201-300 = Very Unhealthy
> 301 = Hazardous
As per 7th August 2009, Melaka has 78 API at 11am which is moderate. By 5pm, it became 104 which is very unhealthy. Damm, i couldn’t go for my jogging. Too unhealthy. Anyway below i provided a link where you can find the API at your area.
Click here to find out the API of your area.
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Oops i did it again. That’s is what EPF is doing yet again taking Malaysian hard earned money for a ride. I am sure the Valuecap saga is still fresh in most of our minds. EPF took out 5 billion to loan to Valuecap to invest in undervalued Malaysian stocks.
Now, Prokhas is rumored to get a 5 billion loan to administer two schemes under the first economic stimulus package. They are doing the now you see, now you dont act yet again!
Who the hell is Prokhas?
When i read the latest article from The Star, minister vows to wipe out ah long menace, i was saying to myself, it is another talk and no action by the minister. Of late, loan shark in Malaysia is taking the spotlight. Loan shark or better known as ah long has been creating fear to the public. Those who borrow money from ah long, but couldn’t return is being tortured and even caged in toilets for weeks.
Many has been shouting and screaming their lungs out for the enforcers to take initiative to go after this ah long. Action will be taken but ah long business in Malaysia will never diminish.
Once again, our Education ministers did another flip flop on their education policies. Teaching maths and science is going to be revert back to Bahasa Malaysia. The main reason for the change is because they didn’t achieve their objective. Maths and science started using English in year 2003.
Foreigners are running away from Malaysia. They don’t seem interested to put their money in Malaysia. A drop of more then 90% of direct investment so far this year from January to May 2009.
In 2008, Malaysia had a RM 46 billion foreign direct investment while this 5 months only a mere RM 4.2 billion seen. This is a worrying figure as this shows how strong and capable our economy in facing the global financial problems.
I guess this figures are really sending the shivers down our PM’s (Najib) neck. Najib was “kind” in revoking the 30% equity requirement for bumiputras in public listed companies. Now we know why he has to do that.
To be honest, i think this bold step should have been taken 20 years ago during Mahatir’s time as PM and not only now. Malaysia is taking those foreign investors for a ride. It is just like when the time is good, you forget about us (foreign investors) and now when you are in deep shit, you expect us to come and support you?
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Once again, Malaysians are burdened with a massive 30% increase of bus fares nationwide.
The spike in prices was suppose to be one month during last Hari Raya but our caring government didn’t care to revoke the prices. Now, the spike is permanent.
As usual, in Malaysia the first people to make noise when crude oil is up are the business people. Automatically after that, they will increase the prices of goods and foods.
I am sure there are many unsatisfied customers of Proton out there. I don’t own a Proton but i won’t buy one because i hate them so much. Here are my top 5 reasons why i hate Proton.
We have to admit that Malaysia is heading for a recession. Just couldn’t understand why some our national leaders still defy the fact of it.
Anyway, has the recession made you stop spending unnecessarily?
As for me, my spending habits have been the same all this while. Recession or not, i don’t really spend on stuff that i don’t need. Not being stingy but that’s me.
Take my friend as an example, where he bought a new Bonia shoes worth a whooping RM 500! His shoe condition is still better then my shoe is but he still went ahead buying an expensive new pair of shoe after getting his pay. Not only that, he spend another RM 200 on a belt itself.
Standard Chartered introduced their latest Islamic All in one account called Saadiq Saver. Initially i had Standard Chartered eSaver savings account. I closed that account to open Saadiq Saver.
The Saadiq Saver is an All in one account because it provides :-
