KLCI 2020 Year End Target 2020年吉隆玻综合指数目标与展望

Opportunity after Ending of Loan Moratorium

 

2 years anniversary in public bank

This year anniversary in public bank make a different environment and feeling to me; because as compare to last year June which I was fighting my very best to sell PB Australia Dynamic Balanaced Fund and PB USA recovery to make some changes to my life in PBB;2010 is for me to wait for my departure moment to be jobless. Start from June and end at the month of June..



For the first 1 and 3 months, I fight, I fight very very hard to get my confirmation in service in the bank after being extended the initial 9 months probation for another 6 months. Yet which many do ask me that I have work so hard and suffer so much to get the confirmation, why you decided to let it go so easily now?


I believe the most important for me is that it is not how hard I have work to achieve what I did before but to look what else that I want to achieve in the future and where should I stand in the next few years matter.


It is kind of developing during my career in Public bank which I have from the worst group of performance to a more satisfy performance that just to above the par and at least not to get scold by the management anymore.

Within this 2 years, I have not only learn more practical knowledge and gain the priceless experience in the commercial world but also to have plenty of friends that I have made and I have to forever treasure it with a tag of NOT FOR SALE.


Thank you to all of you;

My batch that joined together and trained together for June 2008;

My trainer that has share and help during this 2 years;

Colleague that I always kacau to look for clarification and explanation that sit in the 20th floor of Menara Public Bank;

Colleague that I always chase to speed up all the will case continuously in the 17th floor of Menara Public Bank;

My peers that sharing and supporting during the past 2 years especially who all suffer in klang valley area;

And of course all the support from my branch.

Amend the Election Act instead of Anti Hopping Act

Repost of Friday, May 16, 2008
The law for Hopping issue..


The general election of 8th March has cost the BN their 2/3 majority in the parliament seats. Although they have setup the new government instantly but how long can this said government last for?

It has been a hot topic about MPs hopping from BN to Pakatan Rakyat particularly from East Malaysia after Dato Seri Anwar has publicly mention that he has successfully receive sufficient number of MPs to overthrown the BN government and build the new central government of pakatan rakyat. While on the other hand, the BN side seen like starting to draft an anti hopping act to prohibit any MPs from their side to hop to the opposition.


However, I personally think that any act that prohibit people included elected MPs to leave his/her/theirs existing parties to join others for their better matched political objectives, philosophies and views of nation and social affairs is unacceptable; it is just like prohibit a worker from leaving an organization and join another which found to have offer a better condition and environment.

My objection on the establishment of any anti-hopping act is to ensure that each and every Members of the parliament will be able to contribute more effectively and efficiently to fight for their voters under the flag of a more suitable political party.

Meanwhile, I suggest for amendments to be made on the existing election act in order to tackle the political hopping issue as below:
Election Act Sect xxx

Any of the candidates who won in the election as elected MP must remain in his/her said party as registered during the general election for his/her term of service of 5 years or prior to the dissolve of the parliament; any elected candidates who withdraw from the said party as registered (to join any others or remain independent) during his/her term of service should be automatically sacked as Member of the Parliament while a by-election should called up within the next 30days for new Member of Parliament for particular seat.

Sub- section:
The said MP who been sacked is eligible to be nominated for the said by-election as an independent candidates or candidates under his/her new party.

My suggestion is actually to ensure that politician/ any of the MPs are not restricted to remain in a party that he/she might not able to perform his/her responsibility as for the best of his/her voters.

Nonetheless, it also gave a second chance for voters to eliminate candidate who is purely a political speculator that hopping from party to another for his/her individual interest.


Lastly, if the said candidate remain as the MP after the by-election, it should be clear that the voters are satisfy with the candidate’s individual performance as the voice of theirs in the hall of parliament instead of the which party does he/she represent and serve for.

Lobster Yee Mee in Sandakan

This is what you can enjoy in Sandakan, the Lobster yee Mee.
I believe from the photo itself speak everything, not much I need to explain while you need to taste it by yourself to get the actual like of it…

My comment: quite nice. It taste a bit like crab meat plus prawn… quote KFC slogan, finger licking good…

Pineapple estate in front of my house

For the year of OX, my house has transformed to a Red Pineapple estate which look like a pineapple village if counted by neighbor house in which decorated with yellow pineapples.

But don’t misunderstood that we are in opposition, it is actually being informed that it has been a deal making whereby we do all in red and theirs all in yellow…

However due to the size of the pineapples, my house look more scary with the largest one is as tall as 4 feet.

Government is always right....& "CLEVER"

After the changing of new finance minister and coming prime minister, I found that our government has been very good in calculating and packaging their income.

Announcement of 8% EPF contribution

Upon the announcement, it has been a general view for the EPF contributors to have an option to contribute 8% instead of 11% of current contribution rate in order to allowed more spendable income in public wallet.

However， the actual fact is that EPF has been mandatory reduced to 8% but provided that contributors can select for 11%.


nonetheless, the 3% of reduction is still yet to be announced or declared by the kind government as non-taxable income.

If the said 3% is remain as taxable income, it doesn't seem to be benefit much to the public as it has not only increase the income tax payable for all individual but also has reduce the retirement fund for employee.


under the 11%,
the 3% is in the government account as EPF contribution but owned by contributors which claimable by the respective contributors.


under the 8 %, the 3% is in the contributors wallet but lead to higher tax payable which receivable by the government as tax.

CONCLUSION: it seem like it will be more benefit to the government financial and treasury instead of the public wallet.


Petrol retail price

Reason of why the nation price hike to RM 2.70/liter is mainly due to the price increase of international oil price which record touch the point of USD 140 per barrel.


However, with current WTI crude oil price down to the point which below USD 50 per barrel, why the nation petrol price still stall at rm2 per liter?


First, the government has stating that, the strengthen of USD has affect the government ability to reduce the price.

I do agree that current USD value has been strengthen, but we should look back to the time that price being increase; Are the USD strong when the price up to RM2.70?

it has been a normal situation that the USD value and WTI price has going adverse,
weak USD will lead to strong speculation condition on the oil price;
strong USD will stop and reduce speculator ability to take on the WTI.

second, the government has take worry on petrol storage and potential losses by petrol station owner as reason of not able to reduce the price.

As such, I do agree on the petrol storage worry but the government has take action by penanlty on any petrol station which has not sufficient petrol storage, so it should not be an issue anymore.

meanwhile, the potential losses by petrol station should be offset by the potential profit taken during the price hike which has gone up from 1.9 to 2.7 per liter.


CONCLUSION: the government has increase the petrol price with solely blame on the WTI crude oil price,but has gave plenty of excuses in order to not reduce the price for the benefit of public.

nonetheless, the governement has record profit instead of subsidise the petrol price due to the down trend of internationl petrol price lately.