Money

bailout

Bailout of RM10.3 Billion: Where is Your Dignity Now?

bailout

Whenever the Government announces huge bailouts, 2 things are certain on everyone’s mind:-

ONE: It does not matter if it is cash, guarantee or promises on paper, one way or another, at the end of the day, taxpayers will be forced to bear the cost of the bailout. Taxpayers money that could have been used more productively for development of the country now goes down the drain.

TWO: Not all of the board of directors, management and senior officers who mismanaged the company will be arrested, stripped naked of their assets and sent to jail for years. At the most, some of them may be asked to tender their resignation without any punishment and some of them will be transferred to another GLC. And since there is no severe punishment given, the incompetence and mismanagement continues.

Image source: The Edge (Billions lost in Felda, hundreds of millions of asset value vanished in Tabung Haji)

Read More »Bailout of RM10.3 Billion: Where is Your Dignity Now?

touch n go highway queue jumper

Cashless Touch ‘n’ Go – Outdated and Must Go?

touch n go

Do you still remember the time before Touch ‘n’ Go was widely used for public transportation, parking and highway tolls? Image source: Compare Hero.my

I still remember the days when I had to queue up at the bus companies counters to get my bus passes –sometimes more than one, depending on the year. KL, Klang & Port Klang Omnibus and SJ Kenderaan had their own dedicated counter for the bus passes – different colours for adults and school children (which is half of the price of the adult total fares). Toong Foong one was a bit different – you have get it from their office which was located near Puduraya where it is usually packed with bus conductors also queuing up to get their stacks of new bus tickets.

Read More »Cashless Touch ‘n’ Go – Outdated and Must Go?