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Economy 101

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

Malaysia 101: When Taxpayers’ Money Hits The Palace’s Fan

Istana Negara Palace Malaysia

(The old palace is already looking majestic and we have already spent millions on it but we went ahead to construct a new palace. We end up looking like dungus but what the heck, we been in that situation before. The new palace looks good on paper but the volume of abuse and mismanagement of funds to build it makes the whole affair end up looking too ugly. Image source: Tok Ey Ai)

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Economy 101: What Is Interesting In 10th Malaysia Plan (10MP)?

10MP Bloomberg Malaysia Plan Economy Malaysia

(The problem with Najib is not his ideas in his 10MP but his willpower and having the right character to make the actual change. After the stunt, he pulled off in Perak, who is going to believe what he says? Image source: Bloomberg)

Read More »Economy 101: What Is Interesting In 10th Malaysia Plan (10MP)?

Malaysia 101: Why We Are Lacking Money for Schools?

Classroom School Malaysia Design

(How well we have designed our schools with the right environment that is conducive for better learning? Are we spending taxpayers money on real education that will create doctors, engineers and scientists or wasting it to create religious teachers? Image source: Wikipedia)

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Economy 101: Taxing Petrol Subsidy Gone But…Part 2

Air Asia Subsidies Subsidy Airline

(More subsidy for the “one of the most profitable” budget airlines in the world but less for the people under the Government’s economic master plan? Image source: http://www.theage.com.au)

Read More »Economy 101: Taxing Petrol Subsidy Gone But…Part 2

Economy 101: Taxing Petrol Subsidy Gone But…

Petrol Station Subsidy Malaysia

A long, long time ago, when the petrol price was increased, one “work-with-me” PM vowed to use the RM4 billion saved on petrol subsidy on the development of public transportation. Photo by sergio souza from Pexels

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Economy 101: So, What Is New in NEM? Part 2

education Bakri Musa NEM

(Dr Bakri Musa’s posts have always been interesting and thought-provoking all the time and he did not waste time demolishing the foundation of the fresh-baked NEM. Image source: http://alifbata.net/)

For those who have not read M Bakri Musa’s excellent post on NEM titled “NEM and NEP – Only One Letter Different!” you should give it a serious read – it is interesting and thought-provoking.

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Economy 101: So, What Is New in NEM? Part 1

NEM Economy Najib New Economic Model

(Najib’s NEM – looks good on paper but will it stick in reality? Can Malaysians afford to make that leap of faith with Najib’s ideas and face the world? Image source: Research Gate)

Najib has just launched NEM or in full, New Economic Model (some says identical to Pakatan Rakyat’s economy model) which supposedly replaces the New Economic Policy. But the question is what the impact on Malaysia and its people is?

Read More »Economy 101: So, What Is New in NEM? Part 1

Malaysia 101: Analysing Our Local Politicians IQ

Politician Ostrich Bird Dumb

(Face of Malaysian politicians – look lost when confronted with serious issues and prone to put their heads in the ground hoping the issues will be resolved on their own. Image source: http://www.hedweb.com)

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Economy 101: Hawala System – Economy Treason Or Alternate?

Hawala Economy Money Laundry

(The economy from the dark side of the world that does not follow the standard banking terms and rules counts on a well-oiled hawala system to handle its millions – source: IMF)

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2 Tier Fuel Pricing System: Please Don’t Fuel Stupidity

stupid

(Photo source: http://skiingthealps.com)

Just assuming that this is what was truly said, it just reaffirms the notion that stupid statements can also comes from anyone including the oppositions.

From theStar:-

JOHOR BARU: A two-tier fuel pricing system for foreign registered vehicles will adversely affect the economy of the city.

Johor DAP chairman Dr Boo Cheng Hau said such a move would inconvenience both foreigners and local businesses dependent on the Singaporean clientele.

… [Click to read the rest] “2 Tier Fuel Pricing System: Please Don’t Fuel Stupidity”

Economy 101: 30 Cents Fuel Price Increase – Time to Boycott Some Restaurants

restaurant price increase

When the announcement on the fuel price was made, the Indian Restaurant near my work place lost not time increasing the food prices.

It cost us more now for breakfast and lunch at this restaurant now  – teh tarik went up from RM1.00 to RM1.20, burger up by another 20 cents and roti canai up by another 10 cents.… [Click to read the rest] “Economy 101: 30 Cents Fuel Price Increase – Time to Boycott Some Restaurants”

RM100 isn’t much today

An interesting topic in The Star today and I must agree there that RM100 is indeed not much today but is it?

Now let’s see that again based on my daily expenses

A) When I was studying Law part time and working full time (almost 10 years ago)

Transportation: RM2.00 bus fare to and fro my house to KL (then I walk from the bus station to my work place, almost 5 kilometers away and walk again to the college – no wonder I was slim and very healthy then)

Food total: RM3.50 based on RM1.00 (“nasi lemak biasa” or 3 kari-puffs, either one for almost everyday!

… [Click to read the rest] “RM100 isn’t much today”