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Economy 101

Anything to do with economy, budget, taxpayers money and trade

Economy 101: What Is The Rationale Of 51% Share Give Away In Private Companies?

Ala Vaikunthapurramuloo Telugu Share

In the 2020 Telugu movie Ala Vaikunthapurramuloo, the goons will try to force an innocent businessman to sell 50% of his profitable company shares through threats and even attempted murder. A similar plot has been the crux of the story in many Tamil, Telugu and Hindi movies in the past but only in Malaysia, there is the rule to force private companies to sell their shares and lose a controlling stake in their own companies. Image source: Twitter

Read More »Economy 101: What Is The Rationale Of 51% Share Give Away In Private Companies?

Budget 2022: Pre Budget 2022 Statement, Some Points to Ponder

Petronas Budget Expenses Government Financial Economy

It was reported in TheStar back in February 2021 that Petronas had contributed almost RM1.2 trillion since 1976 to the national budget income. In Budget 2020, the Government projected a one-off special dividend of RM30 billion from Petronas which represented 10% of the overall RM297 billion income. The question is how long Petronas can continue to contribute significantly to the national budget? Source: Petronas

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Money 101: Best Things I Bought Via Online Shopping Part 2

online Leagoo M8 smartphone

Continuing with the best things that I have bought online, one of the best things that unfortunately did not last long is cheap China-made smartphones and smartphone covers.

One of the fine examples is Leagoo M8 smartphone which I bought online for RM263.20 and that was for a kill considering the phone’s specifications. In the end, I had to replace this phone as it got outdated and it had problems with the screen sensors. Image source: Mesramobile

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Money 101: Best Things I Ever Bought Via Online Shopping Part 1

Online Shopping eStore Lazada Shopee

My first experience with online shopping dates back to the year 2013 with me purchasing cheap phone accessories from IPMart and this was way before online shopping was the norm. Back then shopping at Lazada or Shopee was something totally new and there were not many options available. Fast forward to 2021, it is a totally different story. Infographic source: Midec / Exabytes

Read More »Money 101: Best Things I Ever Bought Via Online Shopping Part 1

Economy 101: Best of Ferengi’s Rules of Acquisition

ferengi rules of acquisition economy business

Before I started watching Star Trek Deep Space Nine over Netflix, the Ferengi must have been one of the ugliest, most snobbish and profit-minded alien race in the Star Trek universe. But then watching Quark in Star Trek Deep Space Nine gave another interesting perspective on the Ferengis. Image source: Star Trek.com

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Economy 101: Venezuela – Lessons Learned, Spoon Feeding Failure

Statista Venezuela refugees economy

Venezuela has the largest oil reserves in the world and yet the country is in a major crisis, not only from the aspect of the economy but also socio-political. It has now become one of the biggest economy refugees with almost 4.5 million of its population leaving the country due to economic hardships. Image source: Statista

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Budgeting 101: Easy Project – Fix It Yourself Water Heater 2020

drill DIY tools toolbox water heater wiring

(The year 2020 was ripe for a water heater replacement project and you need to have one of these items on standby – a proper toolbox set with the basic items like screwdrivers, hammer, pliers, etc, extendable ladder, water leakage tools, spare bulbs & cables and of course a drill. Image source: Pexels).

One of the promises that I made to my wife beginning this year was to finally replace the old, broken water heater in our master bathroom. Actually it is an old promise dating many years ago as the old water heater needed to be replaced years ago but every time I wanted to replace it, I would have forgotten about it or some overseas assignment would come and I would get busy with that. That will be the case until the next year comes and my wife would be reminding me again.

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Boycott Malaysia 2019: Can Pakistan Rescue Malaysian Palm Oil?

palm oil

News headlines: Pakistan Prime Minister Imran Khan said that Pakistan will buy more palm oil from Malaysia after demands from India reduced for Malaysian palm oil. However how much more remains unanswered for now. Image source: Reuters

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Economy 101: To Improve the Malaysian Economy: Stop Pissing Others Off

malaysia

The problem with we Malaysian as I have seen over the years irrespective the country is under Barisan or Pakatan ruling is that we all practice double standards. Image source: Reddit

For example, we want other countries to send back the wanted Malaysian 1MDB fugitive known as Jho Low to face the prosecutions in Malaysian courts but we keep an Indian fugitive from deportation to face the prosecutions in Indian courts. We say the world can expect a fair trial in Malaysia (we even guarantee it) but we are quick to cast doubts and condemn other country’s justice system.

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Boycott Malaysia 2019 – India May Restrict Malaysia Palm Oil

palm oil

Do you know how much Malaysian palm oil was exported to India in 2019?

Palm oil accounts for nearly two-thirds of India’s total edible oil imports. India buys more than 9 million tonnes of palm oil annually, mainly from Indonesia and Malaysia. In the first nine months of 2019, India was the biggest buyer of Malaysian palm oil, taking 3.9 million tonnes, according to data compiled by the Malaysian Palm Oil Board (Image & Notes Source: The Star & PalmOilAnalytics)

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Budget 2020: A Quick Look & Challenges Ahead

budget 2020

The PH Government have just announced the budget for next year – budget 2020 is a smaller budget compared to last year and seems to be in a better managed compared to a rushed one last year (when the PH Ministers were still struggling with their portfolios). Infographic source: The Star

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Regulation on Businesses: Don’t Make Things Difficult Part 1

ehailing regulations

New regulations and identifying area of improvement between e hailing and taxi companies in this country are part and parcel of the Government policies to provide a fair grounds for both segment to strive and to ensure service to the general public is not compromised. Image source: Malaysiakini

In 1981, the Malaysia Incorporated Policy was introduced to encourage the close cooperation between the public and private sectors whereby both sectors act and operate within a “Malaysian Company”.

Read More »Regulation on Businesses: Don’t Make Things Difficult Part 1