10th MALAYSIA PLAN 2011 - 2015

I was at my banana farm when PM Najib delivered his 10th Malaysia Plan (RMK10) speech.As a small unit farmer I feel all those plans are meant for big companies for example the setting up of facilitation fund for private investments.
The point is what's in it for me. Improving public transportation in Kuala Lumpur takes a long way to go.I foresee that the quality will not be as good as Saskatoon Transit System. I remember waiting for the bus while it was snowing and the temperature with windchill was -30 Celcius on the way to SuperValue to do my weekly grocery shopping. The STS bus will always be on time according to the bus schedules. If STS workers were Malaysians, I am sure many people would freeze to death.
Anyone interested to read the RMK10 can surf www.epu.gov.my

Nonetheless I know PM Najib is going somewhere. The ETP which will be unveiled in October should give the much awaited answers to NEM.There are still many unclear areas in NEM but as I read and understand the mechanisms, I know the time has come for me to LEAVE MALAYSIA.No government and no one will sponsor me to Canada but I know the funds are there.Only when I am able to make that steps that god has directed me into will I see the light to get out from this "Malaysian Cell"

To Malaysians who continued bullying me, the past 20 years was enjoyable BUT to me it was HELL.Each day I pray that this torture will end but looks like god still did not answer my prayers.

Since I have 39 credit units to complete my Bachelor of Commerce, I know I can either take 13 half classes(3 credits each) OR take 11 half classes and one full class (6 credits)

: The trial of Jeromy Kerviel provides an understanding to the 2008 global credit crunch : ABSTRACT

One Day I Am Going To Saskatoon Canada again.
HAVE A GREAT SUMMER.

Correction From Previous Article

It must be noted that based on my father's transcript of academic records, the university he attended was:

UNIVERSITAS NASIONAL JAKARTA
Jl Kalilio 17 - 19 Senen

His Dean was Prof H Gazali Dunia gelar Datuk raja Perak. Honestly I am not sure whether the title was bestowed by the Sultan of Perak.

GDP, OPR and Weddings

GDP
PM Najib announced a 10.1% GDP growth for quarter one 2010. To me Najib is Malaysia's football quarter back for Malaysia to achieve high income status. Similarly quarter 4 2009 GDP was revised to 4.4%.Right on PM Najib!

O.P.R.
The OPR was raised 25 bsp on March 4, 2010.
On May 13, 2010 BNM raised the OPR another 25bsp to 2.5%. Thus the ceiling rate is 2.75% and floor rate 2.25%
To me this increase is timely but Malaysians must remain cautious especially with the crisis of sovereign funds in Greece, Spain and Portugal.


Universitas Nasional Jakarta
I remember in 1978 while we were staying in Tampin, my family would go to Kuala Lumpur every school holidays. There my late father would attend his National University lectures at Aminudin Baki School near Kg Pandan. Once I met his dosen(maybe his dean) DRS Ghazali Dunia - Datuk Diraja Perak.Universitas Nasional Jakarta is a private university thus I now understand why my father sold his Hitler VW in 1979. We took the bus for the next 2 years.


Weddings......
My heart breaks when I learned that none of my 24 Malaysians who attended University of Saskatchewan with me ever invited me to their wedding. The point is they know I hate weddings. But I remember attending a wedding at Spadina Avenue Saskatoon. The couple purposely held the wedding outside a church so I could attend the "I Do" ceremony.
Well, its life when you are nobody and poor......

Remembering Saskatoon Canada - NEM

I'm imagining myself at Kuala Lumpur International Airport KLIA. Few days back I would have gone to the Immigration office to obtain my new passport. Now at the airport I am about to board my flight to Hong Kong, Vancouver and eventually to Saskatoon. Since I have no accrued taxes to the Malaysian government I do not expect any hick up at KLIA.
Arriving in Vancouver maybe I would be asked to strip naked because as a Muslim who came from a Muslim nation the body check must be thorough.Since I don't have any weapon or such kind I could then proceed to my Saskatoon flight gate.
Then at Saskatoon airport as usual I would rent a car (normally at Budget Rent A Car) but this time it would be different because I paid cash (from the money I obtained from nowhere few months before).My annual income does NOT eligible me for a credit card.
Driving the new GM made through Circle Drive west then to the University bridge. Finally I would be at Edwards School of Business University of Saskatchewan. At last I am able to proceed and finish my B.Commerce degree.

THAT WAS THE DREAM I HAD A FEW NIGHTS AGO...

As I was browsing my late father's files, I came across his degree from National University Jakarta Indonesia. As a biological son of his compare
1) my late father did not complete his DRS degree at National University Jakarta
2) I have 39 credit units left to complete my B.Commerce at University of Saskatchewan Canada.

....my father did not complete his DRS degree then because that particular degree was NOT recognized by the Malaysian government.


NEW ECONOMIC MODEL

When PM Najib revealed the NEM I always wonder what's in it for me. Since the aim is to increase per capita GDP from USD 7,500 to USD 15,000 by 2020 and the target group is the bottom 40% of the population, I myself fall into this category. Maybe PM Najib can lure me a way to find my own source of finance to LEAVE Malaysia.

ONE day I will go to Saskatoon Canada again. God willing!

GST & Proton Emas

As expected the government puts off the GST implementation to a later date. The reason I said 'expected' was because just like his father PM Najib will honor the interests of the people first. One argument is if the total sale price of a good will be the same with or without GST then let's continue the present system.


PROTON EMAS

At the recent Geneva Motor Show Proton unveiled 'Emas' or gold i.e. Proton's first hybrid prototype model. To me the car looks funny because it is so compact but then it was just a prototype. In order to compete globally, Proton must make sure its hybrid model will never encounter problems as other car manufacturers.
One aspect is price. Malaysians are used to think quality is price. Foreign made cars are expensive in Malaysia. Foreign brands which sell for less than RM100,000 include Toyota Vios, Nissan Grand Livina and Kia Forte. It is a known fact that car prices in Malaysia is among the highest in the world.
It all started in 1992 when Proton began manufacturing the Iswara. Due to the high Yen and RM exchange rates Proton has to increase its car prices every 6 months. Thus the government must impose high tariffs for CBU cars. Even then Yen was unstable to the greenback.
I don't understand why Proton make domestic cars which are not up to the European standards. Recently Tun Dr Mahathir revealed that Proton has to make more than 200 modifications for its Saga BLM model to be exported to the UK.

GDP 2009 -1.7% ; OPR At 2.25%

GDP
The Najib administration recently announced the 2009 GDP figure of -1.7% . As with most Malaysians I am surprised with this better number. Achieving such a good 4th quarter number is applaudable.


OPR
On March 4 Bank Negara Malaysia decided to increase the OPR rate to 2.25% thus the floor rate is 2% and the ceiling rate is now 2.5%. It is my view that this increase is too soon and too much. A 10 basis increase is more agreeable.


FUEL SUBSIDY SCHEME

The Najib administration was taking the right step to do away the new fuel subsidy scheme. Since everybody wants to be subsidized whether rich or poor,action taken by Najib is acceptable for time being. BUT I still prefer the Pak Lah's way of giving cash money to car owners.


NISSAN RECALL

While Mr Akio Toyoda has answered to the congress,Nissan has also taken the steps to recall millions of cars in the US. The question I'm asking is what was wrong with those car manufacturers? Now that even GM has to make some recalls, the question asked is are those car manufacturers nuts in making unsafe cars? To all car makers - Please make good and safe automobiles.

The outlook of the auto industry is at stake if this trend continues....................

Thaipusam, Speculators, Toyota $ Honda and Fuel Subsidy.

THAIPUSAM

Hindus in Malaysia celebrate Thaipusam this week end. This is the festival where Hindus redeem their sins for the past year.

1997 Currency Crisis

Some people ask me if I really learned Finance instead of Engineering why I did not write something about the 97 crisis. I will write about the speculators etc one day provided I meet two persons I dearly missed,one an Asian women who hailed from Johor and the other a Caucasian women whose family came from Outlook Saskatchewan Canada.
The fact is I don't remember many things. I cannot remember the day I left Saskatoon in Oct 1990 or the airline I flew from Saskatoon to Vancouver (either Air Canada or Canadian).I cannot remember the flight from Vancouver to Hong Kong,the hotel I stayed in Hong Kong 14th Oct 1990 or even the person I talked to then.I don't think it was Japanese Airline which flew me from Vancouver to HK and obviously I talked to a Caucasian blond lady while in Hong Kong.
But one thing which was certain, in 1995 The Malaysian Economy was in bad shape although the GDP was 7% or 8%. I was working for a month at the Golden Arches then...
I can be as blunt as Tun Dr Mahathir but the fact is I passed my Finance course.I did three years of business school and I was NOT A DROP OUT in October 1990.
I remember during an interview between 1991-1995 the women laughed when I told her about Lotus 123 spreadsheet or NCSS (Number Cruncher Statistical System). So maybe she will laugh again if I mention Excel formulas.


TOYOTA

I presume it is really painful for Mr Akio Toyoda to apologize to Toyota owners regarding the recall. But on behalf of my late father who went to a Japanese school during 2nd world war, I accepted his apology.


HONDA

Now that Honda too have to make some model recalls, I wonder if other car makers will follow suit.


NEW FUEL SCHEME

Commencing May 2010, the Najib administration will introduce a new fuel subsidy scheme. Fuel would be sold according to engine cc and Malaysians have to show their My Kad I/C everytime we refuel. This showing of My Kad is NOT a good idea. Even the Petronas Mesra Card can easily be swapped with the lower point cards.
Obviously if you can afford to buy a big cc car then you are not entitle to the fuel subsidy.

The Proton Persona 1.6 Automatic is a good car. To me LOTUS handling is non comparable.


Happy VALENTINE Day to my Valentine $$$$$$$$$$$$$$$$$$$$
Gong Xi Fa Cai to my Chinese readers

Remembering Haiti

Let us observe a moment of silence to the victims of Haitians quake. May God bless them and let us recite Al Fatehah to the Muslim victims.

2009 REVIEW

Finally we are now in the first 10 days of 2010. Obviously to me 2009 was a very sad year because I lost many people whom I dearly missed. First my father died 3oth December 2008 then my mother's auntie died of breast cancer. Another uncle died of H1N1 - v - . My grandmother died on 10 November 2009. I was in the bus to Kuala Terengganu with my younger brother (to pick up my brother's car)when my father's sister lost her husband as he prepared himself for Maghrib prayer.

This is what I called fate. It is HIM ALLAH the almighty which created us thus we are bound by His Rulings. Who knows I might die suddenly tomorrow, we are just humans. I believe there is One God which is ALLAH and Mohammed is his prophet. As a Muslim I believe Jesus is one of the 25 prophets a Muslim must know AND JESUS IS NOT THE SON OF GOD.

Those were the things I thought a lot since last Christmas. All of the sudden I remember 'Cengkaring'. I know it was a place but where.Then when the Tanah Abang mall tragedy struck I remember that it was Cengkaring Jakarta airport. I was in Jakarta for 2 weeks from Christmas 1986 to 8 January 1987.

Clearly after the failed Christmas plane attack I would expect a harsh and thorough body inspection if I were to travel to the western world. Certainly it would be nicer if I'm inspected by a female with blond hair.

May 2010 be a prosperous year!!