Tuesday, December 24, 2013

MERRY CHRISTMAS



HAPPY CHRISTMAS TO FAMILY, FRIENDS, ALL MALAYSIANS AND PEOPLE OF THE WORLD, WHEREVER YOU ARE, WHATEVER COLOUR, WHATEVER CREED YOU ARE. LET'S MAKE THIS WORLD A BETTER PLACE, A PLACE WITHOUT BORDERS. THAT THERE'LL  BE SHARING OF JOY, HAPPINESS AND BENEFACTION FOR THE LESS FORTUNATE.

Thursday, December 12, 2013

NELSON MANDELA

Hantu Laut

In memory of a great man.

NELSON MANDELA ( 1918 - 2013)

Thursday, December 5, 2013

"Berani Kerana Benar" Adakah Melayu Ini Penakut ?

Hantu Laut

I am no fan of the AG and I don't know him personally, but I sit on the premise that no one should do a "statutory declaration" unless one has solid evidence in one own's person. 

Slandering someone based on third party provision (hearsay) is dangerous to the complainant.

Police report lodged against the AG, not by the accuser but by 5 opposition MPs who will also get their balls squeeze when the whole episode of this nasty bad blood come to light. 

"Berani kerana benar" kata pepatah Melayu, adakah Melayu ini penakut ?.....

Why did Mat Zain himself not lodge the police report, does he think he'll get away if he does not do it himself ?....... as the English say "give him enough rope he will hang himself". Has he gone beyond sense and sensibility and put his reputation on the line in making the SD?

Making false declaration, or making one on hearsay slandering someone is a serious matter. 

I salute Mat Zain if he is doing it for the sake of the country and not a personal vandetta. 

I'll give the AG the benefit of the doubt, he has two of the better genes......don't play play.

Tuesday, November 26, 2013

Times They Are A Changin: Change Or Sink Like A Stone

Hantu Laut


Read Outsyed The Box "PM Confirms Malaysia Will Go Bankrupt Under Him !!"


As they say "The road to hell is paved with good intentions" 

Good intention is meaningless unless followed through.

I am not a trained economist, a bloody accountant, or a wiz-kid of some kind, but my business sense, which I hardly use nowadays had grown sharper over the years for not being overused.

I am not against the GST as I do believe it is high time such effective tax mechanism be introduced in this country to compensate for the leakages through cheating and tax manipulation. However, such exercise would be futile and of no use if the government continued with its extravagant and corrupt ways. 

Show me a wise government that foolishly spent RM7.2 billion in consulting fees, has 1.4 million civil servants, almost half doing next to nothing and spending over 80% of its recurring budget for operating expenditure leaving less than 20% for development expenditure. 

No where in the world you can find such caring government.....where there is 1 civil servant for every 20 people.

In the 2014 Budget of RM264.2 billion, a sum of RM217.7 goes to operating expenditure and RM46 billion for development expenditure, a meagre sum by comparison. Malaysians have been had, we give our money to people who had no money sense.

This government is spending beyond its means, good money chasing bad money, indiscriminate and unconscionable spending that's going to bankrupt the country.

Najib's 1MDB is full of big talking men in dark suits that's going to screw the country big time   They proudly say that many of their bonds are not backed by government guarantees, but these bunch of shitheads forget that 1MDB is wholly owned by the Malaysian government and if 1MDB goes down the Malaysian government goes down with it and Malaysia's credit rating goes down the sewer and no one would want to touch Malaysia with a ten-foot pole.


Tuesday, November 19, 2013

Selangor (The Richest) versus Sabah (The Poorest)


Hantu Laut

How do you reconcile this erroneous labelling of Selangor the richest state and Sabah as the poorest state in Malaysia?

I say it's erroneous because of the state budgets, which make no sense at all. The poorest state (Sabah) has a budget two and a half times bigger than the richest state (Selangor).

Selangor, mind you, joyously claimed the biggest budget ever at a measly sum of RM1.8 billion, while Sabah, the pauper state has a budget of RM 4.6 billion.

So, who you think is a caring government, the one who dares to spend more for the people, or the one who hoards the people's money ?

How come a state with the highest per capita income in the country has such poor budget.

Now, you know why Azmin Ali covets the MB post, they have a miser running the state.

Malaysian Media - watchdog or running dog?


New Mandala


Malaysia’s 13th General Election (GE13), held on the 5th of May 2013, was the continuation of a historical arc that begun at the 2008 general election (GE12), when the Barisan Nasional (BN), Malaysia’s ruling coalition for the past fifty-six years, lost the states of Penang and Selangor (and Perak temporarily) to the Opposition, as well as their coveted two-thirds Parliamentary majority. This was an unexpected shock to the system that immediately plunged Malaysia into an anticipatory political fervour. After 5 years of delays, civil unrest, and an increasingly unified opposition, with their term stretched to the far edge of expiration (and several state assemblies pushed beyond this point), BN failed to counter Pakatan Rakyat’s (PR) message of ‘Ini Kali Lah!’, returning their worst result ever. The BN not only failed to recover a two-thirds majority in Parliament but lost the popular vote for the first time, with only 47.38% support compared to PR’s 50.87%.
The anticipation and tension leading up to and extending beyond GE13 (with widespread accusations of electoral fraud and BN retaining power through systemic gerrymandering and malapportionment), was apparent not just within civil society but also within academia, surely going down as not just the most anticipated but the most researched election in Malaysian history. Non-governmental organisations, too, were on high alert, with extensive scrutiny of electoral processes and authorities. One of the main areas of interest and contention in political, academic, activist, and civil society alike was that of media bias.
The ‘Watching the Watchdog’ GE13 media monitoring project, a collaboration between the University of Nottingham Malaysia Campus’s Centre for the Study of Communications & Culture (CSCC) and the Malaysian Centre for Independent Journalism (CIJ), brought together the intersecting goals of data-based media freedom advocacy and critical media and politics research. With much of Malaysia’s mediascape controlled by BN and its constituent parties through a combination of political/regulatory mechanisms (most notably, the Printing Presses and Publications Act and the Sedition Act), and the economic domination and control that exists in a state of symbiosis with these regressive and often selectively-mobilised pieces of legislation, most Malaysians have resigned themselves to newspapers and television news broadcasts full of what is best described as ‘running dog’ journalism, with little of the ‘watchdog’ functionality one expects from a free and independent media.
Several scholars, notably those from the Universiti Sains Malaysia School of Communication, have delineated the political-economic power structures behind this state of affairs (e.g. Mustafa & Zaharom, 1998; Wang, 2001; Zaharom, 2002), and there has been content analysis carried out at both the academic level (e.g. Abbott, 2011) and by NGOs (such as CIJ’s previous monitoring exercises) in an attempt to map the extent of the actually-occurring political bias in the Malaysian media. However, these content analyses have been relatively limited in scope and/or conducted at the article level.

Friday, November 1, 2013

Anwar: Spooking The Spook

Hantu Laut


Call a spade a spade. Now, Anwar talks sense.

My "Sugar And GST:Anwar:Scholar, Politician, or a Clown" posting derides him for casting aspersion on an universally accepted tax structure used by over 160 countries.

In Asean, only Malaysia and Myanmar were left behind, the rest have introduced GST into their tax system.

Malaysian oppositions must learn when to oppose and when to give credit, where credit is due. They don't want to, a sign of political immaturity.

Obviously, they are dead set in muck-racking, no matter what, for good or bad, they have come to a conclusion Malaysians are gullible.

Anwar made an about turn and admitted that GST is good and efficient way to collect tax. Some weeks ago he was contemplating organising a massive rally against implementation of GST.

Good on you, Anwar. 



Unfortunately, for Anwar his little green pasture in Sabah is withering. Some of his assemblymen are leaving the party, because they found, a little too late, that the leadership is as 'broad as it's long'. Read here.

A friend in PKR told me recently that they are no different from the devil they try to spook.

Anwar should have known better East Malaysians are different kettle of fish.

We are not easily spooked!


Wednesday, October 30, 2013

Najib Cut Fuel Subsidy Now,Better Late Than Never.


Hantu Laut

In spite of the oppositions pouring scorn on Prime Minister Najib's capability of running the country he did make significant transformation in some key areas crucial to the economic well-being of the country.

The World Bank Report below shows that Malaysia is among the economies that improved the most across three or more doing business areas

So, Najib did nor rest on his laurels as perceived and deplored by the opposition Pakatan Rakyat leaders.

For starter, the introduction of the GST is a welcome sign that Malaysia is moving forward.

The next big thing Najib should do to is trim the budget deficit by removing fuel subsidy completely. It is the most wasteful and unproductive subsidy that have eroded the nation's coffers. The subsidy have led to smuggling of our resources to neighbouring countries, where fuel costs are higher and sold at market price. 

Najib should not wait too long to remove the subsidy, he must do it  soonish, preferably before the end of 2014, on the premise that "time is a good healer" hence if the premise is true, then the conclusion must be true. Time heals the grieving heart, people tend to forget the bad times as time goes by.

The government spent almost RM24 billion a year on this wasteful and unproductive spending, which most Malaysians are unaware of and failed to appreciate. 

Just imagine how much developments beneficial to the people, or reduction of our fiscal deficit can come from this money, instead, of turning it into wasteful and toxic carbon monoxide.

He can do wonders with the saving.

Read the World Bank Report here.



Ease of Doing Business in
Malaysia

This page summarizes Doing Business 2014 data for Malaysia. The first table lists the overall "Ease of Doing Business" rank (out of 189 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

ECONOMY OVERVIEW

REGIONEast Asia & Pacific
INCOME CATEGORYUpper middle income
POPULATION29,239,927
GNI PER CAPITA (US$)9,800
CITY COVEREDKuala Lumpur
DOING BUSINESS 2014 RANKDOING BUSINESS 2013 RANK***CHANGE IN RANK
68down 2

DOING BUSINESS 2014 DTF** (% POINTS)DOING BUSINESS 2013 DTF** (% POINTS)IMPROVEMENT IN DTF** (% POINTS)
81.8780.06down 1.81
Positive=Doing Business reform making it easier to do business. Negative=Doing Business reform making it more difficult to do business.
DB 2014 RANK16DB 2013 RANK***19CHANGE IN RANKup3
DB 2014 DTF** (% POINTS)94.31DB 2013 DTF** (% POINTS)93.41IMPROVEMENT IN DTF** (% POINTS)up0.90
Information on new business density and number of newly created firms with limited liability can be found at Entrepreneurship Database.
IndicatorMalaysiaEast Asia & PacificOECD
Procedures (number)
375
Time (days)
6.037.811.1
Cost (% of income per capita)
7.629.83.6
Paid-in Min. Capital (% of income per capita)
0.0293.310.4
No.ProcedureTime to CompleteAssociated Costs
1Apply to the Companies Commission of Malaysia (CCM) on the prescribed form (13A) to ensure the availability of the proposed company name1 dayMYR 30 per name search application
2Company Secretary prepares the company incorporation documents3 daysMYR 1,000
3File necessary documents with the Companies Commission of Malaysia (CCM) one-stop shop and obtain company incorporation, tax registration, registration with the Employment Provident Fund (EPF), Social Security Organization and the Inland Revenue Board, a1-2 daysMYR 1,000 (registration fee)+ MYR 220 (stamp) + MYR 100 (post-incorporation package)
** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the topics including Getting Electricity across all economies included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...
***Last year's rankings are adjusted: they are based on 10 topics and reflect data corrections.