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Saturday, 16 August 2008
Tuesday, 22 July 2008
Stim-stim punya boleh-land
Stim-stimyx is such a disgrace. Tele-con must be drunk, a dial up may overtake this boleh-land stim-stim product.
This always happens to Boleh-land, starting up with mega facilities and ending up worst than its original state.
Build roads, dont maintain
Operate train till rubber burns
Park lorry with bangla siram coffin-like flower pots in the middle of a fast lane without proper indications, killing ppl in the process
Started with half decent stim-stimyx, subsequently getting more subscribers but maintaining old capabilities shared among more subscribers without facility upgrades; trying to con the people's money in the process, " Hey pay Rm 88, and we'll make sure you're getting slower than dial-up! Ever slower than ever!"
And everybody gets away with everything in Boleh-land!
all the Bolehland product and services has got no sense of service to the people whatsoever.
You want safe neighbourhoods? Go get yourself a house in Tropicana, hire your own guard
You want better connectivity? Go get yourself a Maxis Broadband
You want not to ever take the pubic-transport? Go fill ur tank up, (same price rich or poor!), aiya BMW fill up petrol, macam tada apa only lah...300% tax also can pay alrdy...
For all of it, pay premium lo if you want something decent in Bolehland!
The top 20% layer of population, consisting of Datuk Ah niau, Datuk rempit, and Datuk Tambii surely got no problem forking out the money lah. This is trully a country where, you live wonderful a life precondition upon being able to fork out extra for premium services because anything related to the establishment for the people ends up a disgrace
Anything and everything happening in Boleh-land needs to be connection related and politically motivated, thats whats holding it back...thank god the establishment lost it's 2/3 majority..
This always happens to Boleh-land, starting up with mega facilities and ending up worst than its original state.
Build roads, dont maintain
Operate train till rubber burns
Park lorry with bangla siram coffin-like flower pots in the middle of a fast lane without proper indications, killing ppl in the process
Started with half decent stim-stimyx, subsequently getting more subscribers but maintaining old capabilities shared among more subscribers without facility upgrades; trying to con the people's money in the process, " Hey pay Rm 88, and we'll make sure you're getting slower than dial-up! Ever slower than ever!"
And everybody gets away with everything in Boleh-land!
all the Bolehland product and services has got no sense of service to the people whatsoever.
You want safe neighbourhoods? Go get yourself a house in Tropicana, hire your own guard
You want better connectivity? Go get yourself a Maxis Broadband
You want not to ever take the pubic-transport? Go fill ur tank up, (same price rich or poor!), aiya BMW fill up petrol, macam tada apa only lah...300% tax also can pay alrdy...
For all of it, pay premium lo if you want something decent in Bolehland!
The top 20% layer of population, consisting of Datuk Ah niau, Datuk rempit, and Datuk Tambii surely got no problem forking out the money lah. This is trully a country where, you live wonderful a life precondition upon being able to fork out extra for premium services because anything related to the establishment for the people ends up a disgrace
Anything and everything happening in Boleh-land needs to be connection related and politically motivated, thats whats holding it back...thank god the establishment lost it's 2/3 majority..
Saturday, 5 July 2008
I pronounce an end of an era...
something has gotta give...
===========================================================================
currently back for a non-specified time period (depending on mood).
having all the food i can find whenever and wherever (anythings better than British made food)
mind has been set for coming back for work, anything else is a bonus.
has been working in KL sentral in a location i am not willing to specify too.
But at least its a progression from the one i had last year at this time of the year.
At least i am no longer doing low-profit research but higher value commercial activities (hoping to use this as a platform for better things to come)
life's good when you think you're heading somewhere, and i think i am heading somewhere i want to go to really....being a high value big time yes-man conman that is!
anything that comes and go along the way is bonus. It has never been clearer.
Tuesday, 24 June 2008
Wednesday, 18 June 2008
the trainman has found out his train has lost steam..
a few more days and WALLA, there goes year 2, uni is something that wears me out no matter what i do..
5 more days till my next and last paper and i have seem to lost a bit of steam.
In fact especially this term, the last term has been especially dispiriting..
maybe its because, too much Coldplay coupled with usually awful British weather..
looking better generally (long are gone those dark winter days) but still nevertheless awful weather today...
maybe this will do the job
5 more days till my next and last paper and i have seem to lost a bit of steam.
In fact especially this term, the last term has been especially dispiriting..
maybe its because, too much Coldplay coupled with usually awful British weather..
looking better generally (long are gone those dark winter days) but still nevertheless awful weather today...
maybe this will do the job
Friday, 13 June 2008
Oranje Totaalvoetbal
Could this be the resurrection of "Total Football"?
After all Marco Van Basten is managing the team.
Netherlands-Italy 3-0
Netherlands-France 4-1
Magnificent! time for the Dutch (parennial under-achievers) to regain past glory..
After all Marco Van Basten is managing the team.
Netherlands-Italy 3-0
Netherlands-France 4-1
Magnificent! time for the Dutch (parennial under-achievers) to regain past glory..
If it were true, kick and scream!
recent petrol price increases has sparked debates on subsidies, car duties, petronas and current oil prices.
however, there has been something running behind some minds and i am intrigued by that theory. If it were true, its shocking!
"An estimated of RM 162 billions had been collected over the past 22 years. Actual figures could be much higher..
By A concern citizen
Recent fuel hike had sparked anger across the country asking Petronas account to be made available for public scrutiny to justify why the government cannot continue to subsidy the fuel. May be all these while, Petronas may not be footing 100% of the fuel bill, is the car owners had paid in advance for fuel subsidy in form of import and excise duties for both local and foreign made vehicles, as suggested by one article published in the Star recently, and republished by Malaysia Today.
Following up on this topic, I had done a little research myself, and may be others had already done it but did not get highlighted in a wider angle. I had visited the website of Malaysia Automotive Association to get the statistic of total vehicle sale from 1986 till 2007, to get a broad idea of estimated excise and import duties might have been collected by the government since the inception of Proton, as the import duties were imposed for the excuse of protecting our new start up that suppose to make our nation pride in years to come. Well, Proton is not an issue for our discussion here, so we will not talk about it's success or failure and the failure cost to the rakyat. Let's us guestimate how much we had contributed to the government coffers since 1986.
Total vehicle sales since 1986 amounted to 6,264,910 units, both passengers and commercial vehicles included. (Source: http://www.maa.org.my/info_summary.htm). Assuming the ratio of 60% of total vehicles being locally produced, and rest of them are being imported. Also assuming average duty collected from local car is RM 10K each, and RM 50K for imported vehicles. Please note that I had made broad assumption, as the actual figure was never reported by the government in their annual budget and accounts.
An estimated of RM 162 billions had been collected over the past 22 years. Actual figures could be much higher as import tax was relatively high in the 90s before we signed the ASEAN free trade agreement. Where had the money gone? How much fuel subsidy had been given by the government on fuel after being offset by the car duties?" http://www.malaysia-today.net/2008/content/view/8763/1/
here's a thought, is it possible that the automotive duties actually went into subsidizing fuel for us? so rather than actually having a subsidy, we are actually paying for the subsidy up front with a tax? the automobile duty figure itself would be higher really, 50k assumes that all foreign cars are taxed 50k when we know there are quite a number of merz's bm's and sports coupes in Malaysia, some are taxed up to 300%
assuming the govt actually spends about RM 16.2 bn a year on fuel subsidies from the car duty, it would last 10 years. RM 16.2 bn is a rough average out estimate due to low oil prices in the 1990s and current trend of oil prices. Proton's inception came at 1983 with it fully running by 1985. "Based on technology and parts from Mitsubishi Motors, production of the first model, the Proton Saga began in September 1985 at its first manufacturing plant in Shah Alam, Selangor." http://en.wikipedia.org/wiki/Proton_%28carmaker%29
till now it has been about 20-22 years since proton produced its first cars and automobile taxes are first introduced.
Based on these assumptions, Petronas's contribution towards a subsidy might not be much despite it making profits year in year out as oil companies do. As usual GLC accounts and government accounts are hard to come by. If we were paying for a tax up front to get a subsidy on petrol, that would really be a sucker-punch, paid tax up front in a form of a lump sum has it's opportunity costs, where the money can be used currently or invested by you and me for a rate of return in the future rather than receiving a fix portion of subsidies. Although profits from petronas might be used to plug the gaps of say 8 years, it might not be as much as it may seem as. Hence Petronas now will not have solely contributed much towards the subsidy with this assumption despite Petronas being ranked among Fortune Global 500's largest corporations in the world, has grown to be an integrated international oil and gas company with business interests in 31 countries and recording a pre-tax profit of RM 76.3 billion this year alone in line with global price hikes. And yet the chap from Petronas, CEO Hassan Merican told reporters today that "Petronas could go bankrupt in 10 years if all of its profits are handed over to the government to support fuel subsidies" which is alleged to amount to roughly RM 30 bn this year due to high oil prices (not considering what the public might/already have contributed to the subsidy)
Shocking indeed? this would mean the government actually takes from the people and appears to be giving to the public without actually giving and this comes in the backdrop of Malaysia being a net oil producer during those years. So did we enjoy the nation's oil wealth? Maybe a bit, not much thats for sure! allegations of mismanagement of funds and corruption are not all that far fetched too as most belief. One thing's for sure, as they say, overly distorting the market breeds all sorts of inefficiency and rent seeking (corruption and mismanagement) which I agree here despite not being a fan of fully blown free-market principles....
Essentially now, with the "subsidy" gone or almost gone (if there were ever a state give out of sizable amounts?), people are asking, "where did all the oil profits go to?" since its all going to dry up in 10 years or so...
Where are the accounts of the government and Petronas!?
however, there has been something running behind some minds and i am intrigued by that theory. If it were true, its shocking!
"An estimated of RM 162 billions had been collected over the past 22 years. Actual figures could be much higher..
By A concern citizen
Recent fuel hike had sparked anger across the country asking Petronas account to be made available for public scrutiny to justify why the government cannot continue to subsidy the fuel. May be all these while, Petronas may not be footing 100% of the fuel bill, is the car owners had paid in advance for fuel subsidy in form of import and excise duties for both local and foreign made vehicles, as suggested by one article published in the Star recently, and republished by Malaysia Today.
Following up on this topic, I had done a little research myself, and may be others had already done it but did not get highlighted in a wider angle. I had visited the website of Malaysia Automotive Association to get the statistic of total vehicle sale from 1986 till 2007, to get a broad idea of estimated excise and import duties might have been collected by the government since the inception of Proton, as the import duties were imposed for the excuse of protecting our new start up that suppose to make our nation pride in years to come. Well, Proton is not an issue for our discussion here, so we will not talk about it's success or failure and the failure cost to the rakyat. Let's us guestimate how much we had contributed to the government coffers since 1986.
Total vehicle sales since 1986 amounted to 6,264,910 units, both passengers and commercial vehicles included. (Source: http://www.maa.org.my/info_summary.htm). Assuming the ratio of 60% of total vehicles being locally produced, and rest of them are being imported. Also assuming average duty collected from local car is RM 10K each, and RM 50K for imported vehicles. Please note that I had made broad assumption, as the actual figure was never reported by the government in their annual budget and accounts.
An estimated of RM 162 billions had been collected over the past 22 years. Actual figures could be much higher as import tax was relatively high in the 90s before we signed the ASEAN free trade agreement. Where had the money gone? How much fuel subsidy had been given by the government on fuel after being offset by the car duties?" http://www.malaysia-today.net/2008/content/view/8763/1/
here's a thought, is it possible that the automotive duties actually went into subsidizing fuel for us? so rather than actually having a subsidy, we are actually paying for the subsidy up front with a tax? the automobile duty figure itself would be higher really, 50k assumes that all foreign cars are taxed 50k when we know there are quite a number of merz's bm's and sports coupes in Malaysia, some are taxed up to 300%
assuming the govt actually spends about RM 16.2 bn a year on fuel subsidies from the car duty, it would last 10 years. RM 16.2 bn is a rough average out estimate due to low oil prices in the 1990s and current trend of oil prices. Proton's inception came at 1983 with it fully running by 1985. "Based on technology and parts from Mitsubishi Motors, production of the first model, the Proton Saga began in September 1985 at its first manufacturing plant in Shah Alam, Selangor." http://en.wikipedia.org/wiki/Proton_%28carmaker%29
till now it has been about 20-22 years since proton produced its first cars and automobile taxes are first introduced.
Based on these assumptions, Petronas's contribution towards a subsidy might not be much despite it making profits year in year out as oil companies do. As usual GLC accounts and government accounts are hard to come by. If we were paying for a tax up front to get a subsidy on petrol, that would really be a sucker-punch, paid tax up front in a form of a lump sum has it's opportunity costs, where the money can be used currently or invested by you and me for a rate of return in the future rather than receiving a fix portion of subsidies. Although profits from petronas might be used to plug the gaps of say 8 years, it might not be as much as it may seem as. Hence Petronas now will not have solely contributed much towards the subsidy with this assumption despite Petronas being ranked among Fortune Global 500's largest corporations in the world, has grown to be an integrated international oil and gas company with business interests in 31 countries and recording a pre-tax profit of RM 76.3 billion this year alone in line with global price hikes. And yet the chap from Petronas, CEO Hassan Merican told reporters today that "Petronas could go bankrupt in 10 years if all of its profits are handed over to the government to support fuel subsidies" which is alleged to amount to roughly RM 30 bn this year due to high oil prices (not considering what the public might/already have contributed to the subsidy)
Shocking indeed? this would mean the government actually takes from the people and appears to be giving to the public without actually giving and this comes in the backdrop of Malaysia being a net oil producer during those years. So did we enjoy the nation's oil wealth? Maybe a bit, not much thats for sure! allegations of mismanagement of funds and corruption are not all that far fetched too as most belief. One thing's for sure, as they say, overly distorting the market breeds all sorts of inefficiency and rent seeking (corruption and mismanagement) which I agree here despite not being a fan of fully blown free-market principles....
Essentially now, with the "subsidy" gone or almost gone (if there were ever a state give out of sizable amounts?), people are asking, "where did all the oil profits go to?" since its all going to dry up in 10 years or so...
Where are the accounts of the government and Petronas!?
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