The curse with Malaysia is that we never had a good Government that managed the country’s economy well and often hard-earned money is spent on dumb fiscal policies & decisions that are designed to consolidate political powers and this often runs along the lines of race and religion. Just see how Singapore’s Dollar has strengthened against Malaysia’s Ringgit in the last 14 years. Chart source: Trading View
(The very little money that we earn should be spent only on the essential items but their prices must be reasonable. The same goes for the Government who has access to limited taxpayers money. It should be spent on development and not on some fancy projects or subsidies. Photo by Karolina Grabowska from Pexels)
(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)
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
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)
… [Click to read the rest] “RM100 isn’t much today”
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!