Showing posts with label malaysia. Show all posts
Showing posts with label malaysia. Show all posts

New Office Policy Masa Gawat...huhuhu

EFFECTIVE :Immediately

NEW OFFICE POLICY

Dress Code:
1) You are advised to come to work dressed according to your salary.

2) If we see you wearing Prada shoes and carrying a Gucci bag, we will assume you are doing well financially and therefore do not need a raise.

3) If you dress poorly, you need to learn to manage your money better, so that you may buy nicer clothes, and therefore you do not need a raise.

4) If you dress just right, you are right where you need to be and therefore you do not need a raise.

Sick Days:
We will no longer accept a doctor's statement as proof of sickness. If you are able to go to the doctor, you are able to come to work.

Personal Days:
Each employee will receive 104 personal days a year. They are called Saturdays & Sundays.

Bereavement Leave:
This is no excuse for missing work. There is nothing you can do for dead friends, relatives or co-workers. Every effort should be made to have non-employees attend the funeral arrangements in your place. In rare cases where employee involvement is necessary, the funeral should be scheduled in the late afternoon. We will be glad to allow you to work through your lunch hour and subsequently leave one hour early.

Bathroom Breaks:
Entirely too much time is being spent in the toilet. There is now a strict three-minute time limit in the stalls. At the end of three minutes, a n alarm will sound, the toilet paper roll will retract, the stall door will open, and a picture will be taken. After your second offense, your picture will be posted on the company bulletin board under the 'Chronic Offenders' category. Anyone caught smiling in the picture will be sectioned under the company's mental health policy.

Lunch Break:

* Skinny people get 30 minutes for lunch, as they need to eat more, so that they can look healthy.

* Normal size people get 15 minutes for lunch to get a balanced meal to maintain their average figure.

* Chubby people get 5 minutes for lunch, because that's all the time needed to drink a Slim-Fast.

Thank you for your loyalty to our company. We are here to provide a positive employment experience. Therefore, all questions, comments, concerns, complaints, frustrations, irritations, aggravations, insinuations, allegations, accusations, contemplations, consternation and input should be directed elsewhere.

The Management

pheewwhhh

Malaysia VS Manchester United ~ 18 July 2009


dulu2 teringin gak nak tgk game camni..first time aku tgk chelsea lawan msia kot

tapi rasa tak best plak bila msia mcm tak melawan pun...yela mmg expected pun cuma rasa cam tak best je bila team lagi satu pun main cam nak tak nak je

tapi sesapa yg suka gak nk tgk bolehla gi std bkt jalil 18hb nih

agak2 michael owen ada tak

Rakyat Malaysia Lebih Utamakan Kerjaya Berbanding Keluarga?


dalam zaman yg byk menuntut keperluan material dan segala benda yg serba mahal nih..mmg punca pendapatan adalah sangat penting bagi sesiapa saja

kalau kita tgk kan org sanggup spend masa berjam2 lamanya kat office, siap stayback sampai malam sebab nak siapkan kerja..ada gak yg balik rumah pun bawak keja balik..selagi tak tutup mata keja keja keja

bila balik rumah anak pun dah tido..esok pagi pegi keja anak pun tak sempat jumpa jugak..

tapi keadaan ni mungkin byk berlaku di kawasan bandar2 di mana semuanya serba sibuk dan mencabar..kalau kat kampung2 mungkin tak berlaku kot..

mungkin ada yg tak setuju dan setuju dgn survey nih..tapi yg penting kita cermin2 kan diri kita sendiri lah...tepuk dada tanya hati sendiri

Button Wins F1 Season-Opening in Australia



tak sempat tgk F1 tadi..nampaknya kat australia tadi team Brawn Mercedes yg menang

team baru la ni..siap menang 1-2 tuu button and barrichello

hamilton plak walaupun starting petak 18, leh dpt no. 3 not bad kan

alonso no 5, kimi plak no 16 tu...apa2 pun still early lah

hopefully competition this year will be more interesting

lepas ni race kat msia pulak 03-05 April 2009..

ada sapa2 nak bagi tiket free tak hehehe

Foto: AFP and F1

Jalan2 Cari Kuching


weh penat sungguh hari2 yg lepas nih..sampai rasa cam takde masa lak nak update blog aku nih..

tapi takpela aku cite la serba sikit pasal trip aku ke kuching..mana la tau satu hari korang pun nak ke sana..bolehla dijadikan panduan


sebenarnya trip aku ni bukanla holiday semata tapi kira menyelam sambil minum air la sbb my the other half ada keja kat sana..

dipendekkan cite..kitorang sampai kat airport kuching tu dlm tgh hari dan terus gi cari teksi...

sebelum apa2 aku pesan kat korang teksi kat sana boleh tahan mahal gaklah (ni pada pandangan akulah)
kalau ikutkan, nak je aku sewa keta sbb aku nampak keta kancil sewa dlm rm100 sehari..wira dlm 130 camtulah...

masalahnya aku tak tau jalan..tu je hehe
agaknya kalau aku tau jalan mmg aku dah sewa terus dari airport tu..

so perjalanan kitorang dari airport ke bandar kuching dlm 20 minit je..kenala rm 22


kitorang stay kat hotel crowne plaza riverside, boleh tahan gak lah biliknya rate dalam 2 ratus lebih, betul2 mengadap sungai sarawak..kalau amik hotel yg jauh sikit dari sg sarawak ni rasanya murah sikit..

ni waterfront waktu malam..nampak cantiklah
hotel ni mmg very convenient..bawahnya ada shopping complex..seberang jalan plak ada 7-11 in case korang nak beli apa2 lah...
dari waterfront ni boleh nampak hilton hotel, kat sebelahnya riverside hotel

kat sebelah sg sarawak nilah terletaknya kuching waterfront..malam2 kat sini ada jual souvenir dan tempat2 makan...tapi kalau korang betul2 nak beli souvenir pegi tempat lain la lagi murah..

kat hujung waterfront ni ada bazaar..kalau nak souvenir mcm fridge magnet ke kat sini ada lah...kalau korang nak blog dari kuching pun boleh sbb kat sini ada cybercafe

ni view dari dalam bilik hotel, kat seberang tu la korang boleh beli kek lapis..naik je sampan tu

kat sg sarawak ni korang boleh naik sampan utk cross the river..kat seberangnya korang boleh beli kek lapis...nama nya kek lapis dayang salihah.....mcm2 kaler siot..kagum gak la aku tgk..

kat situ korang siap boleh rasa lagi seberapa byk yg korang suka

satu kek lapis dlm rm 10


kalau korang takut nak naik sampan tu yg tak sampai 1 ringgit..korang kena amik teksi utk round tapi tambangnya rm40..korang pilihlah sendiri hehe


nanti aku cite pasal tempat makan kat kuching plak

Jom Jalan2 Cuci Mata Kali ke Berapa Ntah


dah nak cuti sekolah ni kan..masa yg sesuai utk bercuti..

rasa letih betul..bila tiap2 ari asik pikir pasal keja..nak buat posting pun tak sempat

jom jalan2 cuti2 msia..kali ni nak try ubah angin la plak..

asik angin barat je..try angin timur plak kan..rasa camana plak hehe

RM60 Bilion Untuk Pulihkan Ekonomi

KUALA LUMPUR: Kerajaan hari ini mengumumkan suntikan tambahan RM60 bilion menerusi satu lagi pakej bagi merangsang sektor penting dalam ekonomi negara untuk memelihara kebajikan dan kesejahteraan rakyat dalam mengharungi kebimbangan prospek ekonomi sejagat yang suram.

Ketika membentangkan pakej rangsangan itu, yang kedua seumpamanya dalam tempoh lima bulan, Timbalan Perdana Menteri, Datuk Seri Najib Razak, berkata pakej untuk tempoh dua tahun itu mengandungi empat teras iaitu mengurangkan pengangguran dan menambah peluang pekerjaan; meringankan beban rakyat terutama golongan mudah terjejas; membantu sektor swasta menghadapi krisis; dan membina keupayaan masa depan.

Najib, yang juga Menteri Kewangan, ketika membentangkan pakej itu di Dewan Rakyat, berkata kerajaan beriltizam untuk melakukan segala yang termampu untuk mengukuhkan keyakinan rakyat dan meringankan keperitan yang dirasai terutamanya kepada mereka yang mudah terjejas.

"Memandangkan senario ekonomi global yang meruncing maka pakej rangsangan kedua ini perlu bersifat lebih komprehensif dan bersaiz besar yang menjangkau lebih banyak sektor ekonomi dan kumpulan sasaran.

"Ini termasuk pekerja, pengguna, pelabur, peniaga kecil dan sederhana, pengeksport dan graduan menganggur," katanya.

Tanpa berselindung mengenai kegusaran prospek ekonomi global, Najib bagaimanapun berkata, beliau yakin Malaysia mampu untuk berdepan dengan persekitaran yang sukar seperti beberapa krisis yang terdahulu dengan adanya semangat bersatu dalam kalangan rakyat.

Katanya, Malaysia tidak boleh bergantung kepada dasar pemulihan ekonomi ortodoks, sebaliknya mesti berani merangka kaedah inovatif untuk menangani krisis itu.

"Kita sudah mula kedengaran suara rakyat yang mahu kerajaan dan pembangkang untuk melaksanakan usaha memulihkan semula ekonomi negara dalam keadaan kegawatan ekonomi global dan mengetepikan kemelut politik.

"Saya sendiri menerima saranan ini dengan hati yang terbuka. Kita perlu peka kepada saranan rakyat yang semakin lantang dan kerap diutarakan supaya kerajaan dan pembangkang memberi fokus kepada ekonomi dan rakyat," katanya sambil mengajak pembangkang untuk sama-sama berganding bahu dalam usaha itu.

"Besar harapan semua, bila berdepan dengan ribut ekonomi yang melanda, kita akan sentiasa sepakat sekata, sederap usaha, memikir melaksana apa yang terbaik untuk rakyat jelata," katanya.

Najib berkata, Malaysia terpaksa menerima hakikat bahawa ekonominya yang begitut erbuka akan mengalami tekanan berikutan kegawatan ekonomi global akibat kejatuhan nilai eksport, eksport komoditi yang terjejas, pelaburan langsung asing (FDI) berkurangan dan kejatuhan pasaran saham Bursa Malaysia.

Bagi menangani pengangguran, peruntukan pakej itu akan disalurkan ke arah menyediakan 163,000 peluang latihan dan pekerjaan, membiayai kos pengajian bagi program peringkat sarjana dan kedoktoran falsafah serta memberi insentif potongan cukai kepada majikan yang menggaji pekerja yang diberhentikan.

Menurut Najib, kerajaan akan mengambil 63,000 kakitangan untuk mengisi kekosongan jawatan, termasuk 13,000 jawatan pegawai kontrak.

Peluang pekerjaan lain ialah 4,000 tenaga kerja untuk skim perkhidmatan singkat; 1,000 siswazah sebagai guru kontrak; 800 pekerja kontrak bagi Program Cari di bawah Kementerian Pembangunan Wanita, Keluarga dan Masyarakat; 1,000 pembantu kesihatan kontrak; 4,500 pegawai banci kontrak; serta 1,700 jururawat dan kakitangan sokongan hospital.

Tenaga kerja skim perkhidmatan singkat dengan kelayakan minimum Sijil Pelajaran Malaysia (SPM) akan menerima gaji RM1,200 sebulan manakala guru kontrak siswazah dibayar gaji RM2,000 sebulan.

Bagi membantu siswazah menganggur, sebanyak RM700 juta diperuntukkan bagi program latihan sambil bekerja iaitu 1,000 graduan dalam sektor kewangan manakala 2,000 orang lagi di syarikat berkaitan kerajaan (GLC) terutama sektor perkhidmatan seperti penyumberan luar, penerbangan, utiliti, kesihatan dan multimedia kreatif.

Syarikat swasta yang menggaji pekerja yang sudah diberhentikan dalam tempoh 10 Mac hingga 31 Disember 2010 diberi potongan cukai dua kali ke atas jumlah gaji yang dibayar.

Jumlah potongan yang layak tidak melebihi RM10,000 sebulan dan terhad kepada 12 bulan gaji untuk setiap pekerja.

Kerajaan akan menampung kos yuran pengajian dan bahan penyelidikan sebanyak RM20,000 bagi setiap pelajar di peringkat kedoktoran falsafah dan RM10,000 bagi sarjana.

Sebanyak 500 tempat bagi ijazah kedoktoran falsafah dan 10,000 bagi sarjana disediakan di institusi pengajian tinggi awam serta Universiti Tenaga Nasional, Universiti Multimedia dan Universiti Teknologi Petronas.

Skim PROSPER siswazah, yang dilaksanakan sejak Jun 2005, dikembangkan skopnya untuk memberi peluang kepada pemegang sijil kemahiran dan teknikal. Seramai 400 siswazah akan mendapat manfaat daripada program ini.

Kerajaan juga akan mengurangkan pergantungan kepada pekerja asing dengan menaikkan bayaran levi pekerja asing sebanyak dua kali ganda bagi semua bidang kecuali pembinaan, perladangan dan pembantu rumah. Levi akan dibayar oleh majikan dan bukan oleh pekerja.

Najib berkata lesen agensi pengambilan pekerja asing dibekukan.

Timbalan Perdana Menteri berkata, kerajaan akan memastikan golongan mudah terjejas akan mendapat faedah daripada skim jaringan keselamatan sosial, selain peruntukan RM27.9 bilion bagi menampung keperluan subsidi bagi tahun 2009.

Pakej rangsangan itu memberi peruntukan tambahan sebanyak RM20 juta bagi meningkatkan kemudahan pusat penjagaan harian warga tua, memantapkan pengurusan rumah perlindungan wanita dan menambah kemudahan pusat asuhan kanak-kanak.

Bagi membantu nelayan yang mengalami musibah di laut, kerajaan menyediakan peruntukan permulaan sebanyak RM2 juta kepada Tabung Kebajikan Nelayan yang akan diuruskan oleh Lembaga Kemajuan Ikan Malaysia (LKIM) manakala bagi pekerja yang diberhentikan, pengecualian cukai ke atas bayaran pampasan kehilangan pekerjaan dinaikkan daripada RM6,000 kepada RM10,000 bagi setiap tahun genap perkhidmatan.

Najib berkata, institusi perbankan bersetuju menangguhkan bayaran balik pinjaman perumahan oleh pekerja yang diberhentikan selama setahun.

Bagi menyokong usaha itu, kerajaan bersetuju agar pendapatan faedah bank berkaitan dengan penangguhan bayaran balik pinjaman itu hanya dikenakan cukai apabila pendapatan tersebut diterima.

Pakej kali ini juga menyediakan RM1.95 bilion bagi membina dan menambah baik 752 buah sekolah terutama di luar bandar. - Bernama

Manchester United vs Malaysia


last year malaysia ada lawan chelsea kan..lepas ni lawan MU pulok..

harap2 ada improvement la team msia kan..takat lawan team power tapi kita masih ditakuk lama pun takleh jadi gak kan..

Manchester United vs Malaysia


last year malaysia ada lawan chelsea kan..lepas ni lawan MU pulok..

harap2 ada improvement la team msia kan..takat lawan team power tapi kita masih ditakuk lama pun takleh jadi gak kan..

Tourism Malaysia


first time aku sampai website tourism malaysia nih..byk gak info cuma maybe lebih focus utk foreigners....ada vclip utk tempat pelancongan kat msia walaupun quite brief lah, menu makanan dgn recipe pun ada, peta msia etc.

org cam aku so far byk jln2 kat msia je...kan lagi baik kalau website ni boleh jadi reference utk sesapa saja nak melancong dlm msia termasukla org msia sendiri..

Tourism Malaysia


first time aku sampai website tourism malaysia nih..byk gak info cuma maybe lebih focus utk foreigners....ada vclip utk tempat pelancongan kat msia walaupun quite brief lah, menu makanan dgn recipe pun ada, peta msia etc.

org cam aku so far byk jln2 kat msia je...kan lagi baik kalau website ni boleh jadi reference utk sesapa saja nak melancong dlm msia termasukla org msia sendiri..

Masihkah Kau Ingat: Tsunami Melanda Asia Tenggara

aku rasa tak sihat sejak smlm kenapa ntah..byk kuar duit kot smlm sampai rasa nak demam..perut pun memulas je..nak blog pun takde idea..hopefully kejap je lah tak sihatnya..lagipun nak cuti 25 ni kan...

teringat plak 26 December 2004..masa ni aku ada kat atas bukit larut and then dikejutkan dgn berita tsunami..bukan negara jiran je kena utara msia pun kena..dah la kampung aku kat penang

vclip ni sure ramai dah tgk...horror je tgk bila tgk balik





Masihkah Kau Ingat: Tsunami Melanda Asia Tenggara

aku rasa tak sihat sejak smlm kenapa ntah..byk kuar duit kot smlm sampai rasa nak demam..perut pun memulas je..nak blog pun takde idea..hopefully kejap je lah tak sihatnya..lagipun nak cuti 25 ni kan...

teringat plak 26 December 2004..masa ni aku ada kat atas bukit larut and then dikejutkan dgn berita tsunami..bukan negara jiran je kena utara msia pun kena..dah la kampung aku kat penang

vclip ni sure ramai dah tgk...horror je tgk bila tgk balik





Malaysia 2 - Vietnam 3



rugi plak kalah sikit2 camni..bila la msia nak kuat balik cam dulu2

PHUKET - Kesilapan penjaga gol, Mohd. Helmi Eliza Elias menyaksikan Malaysia berdepan dengan prospek pulang awal daripada Kejohanan Bola Sepak Piala Suzuki AFF apabila tewas 2-3 kepada Vietnam pada perlawanan Kumpulan B di Stadium Surakul di sini, semalam.

Pada perlawanan itu, Malaysia bangkit untuk menyamakan kedudukan 2-2 tetapi kesilapan Mohd. Helmi keluar dari garisan empat minit sebelum wisel penamat membawa padah kepada skuad negara.

Malaysia 2 - Vietnam 3



rugi plak kalah sikit2 camni..bila la msia nak kuat balik cam dulu2

PHUKET - Kesilapan penjaga gol, Mohd. Helmi Eliza Elias menyaksikan Malaysia berdepan dengan prospek pulang awal daripada Kejohanan Bola Sepak Piala Suzuki AFF apabila tewas 2-3 kepada Vietnam pada perlawanan Kumpulan B di Stadium Surakul di sini, semalam.

Pada perlawanan itu, Malaysia bangkit untuk menyamakan kedudukan 2-2 tetapi kesilapan Mohd. Helmi keluar dari garisan empat minit sebelum wisel penamat membawa padah kepada skuad negara.

Malaysia 2 - Vietnam 3



rugi plak kalah sikit2 camni..bila la msia nak kuat balik cam dulu2

PHUKET - Kesilapan penjaga gol, Mohd. Helmi Eliza Elias menyaksikan Malaysia berdepan dengan prospek pulang awal daripada Kejohanan Bola Sepak Piala Suzuki AFF apabila tewas 2-3 kepada Vietnam pada perlawanan Kumpulan B di Stadium Surakul di sini, semalam.

Pada perlawanan itu, Malaysia bangkit untuk menyamakan kedudukan 2-2 tetapi kesilapan Mohd. Helmi keluar dari garisan empat minit sebelum wisel penamat membawa padah kepada skuad negara.

Economic Crisis May Take 2-4 Years To Recover, Says Nor Mohamed


2-4 years...lama tu kan..the problem is many still not sure how bad it is...japan pun dah enter into recession..dgr2nya local financial institution pun dah start offering vss..so sesapa yg nak lompat2 keja tu...wont be a gud time to do that..last in first out kan

KUALA LUMPUR, Nov 19 (Bernama) -- While the current global economic crisis may continue two to four years, its negative effects will not be as bad as that of the Great Depression in the United States during the 1930s, said Second Finance Minister Tan Sri Nor Mohamed Yakcop.

Compared with the 1997 regional financial crisis, the present situation however is bigger as in 1997 it was a banking and currency crisis involving countries in the region and therefore at the sideline of the world financial system.

This time around however, the crisis involves world financial centres in the US and Europe and it cannot be easily resolved as it involves the erosion of the world financial system.

It will take a long time to regain the confidence that has been lost, he said.

Referring to concerns raised by Malaysians, he said the rate of unemployment in the country was still low at three percent and even if goes up it will not exceed four percent.

Malaysia also has a high level of savings at 37 percent compared with the US which has between zero and one percent and the US government has to now borrow US$4 billion every working day to take care of its needs.

Nor Mohamed said Malaysia's banking system was also solid and that the government was proactive in taking measures to resolve the problems including taking measures that were unorthodox like what it did during the 1997 crisis.

Meanwhile, on concerns of a lower income from oil revenue, he said that in the 2009 Budget, the taxes from petroleum and the dividends were based on the price of oil during 2008, and given this, there was no issue actually.

Only from the 2010 Budget onwards there may be a need to relook at the oil revenue considering the fast falling oil price.

He also said that the country's high deficit of 4.8 percent was not a problem as the Malaysian government was highly disciplined in its financial management and was capable of paying back.

He also pointed out that in 1997, the budget deficit was 5.5 percent, adding that a high deficit for one or two years was not a problem.

On concerns regarding foreign banks in the country, he said it was mandatory for foreign owned banks in the country to establish their operations locally using their own capital equity and not as a branch to their holding banks in their respective countries.

Therefore, there is no risk whether the parent banking company is from the US or elsewhere, he said.

On the good that has come out of the financial crisis, he said the western leaders were now beginning to use the advice given by Malaysia 10 years ago on the weakness of the international financial system.

Now, they too are seeking for a more fair and stronger financial framework, he said.

The situation has also given the opportunity to economic experts to gather and put forward their views to strengthen the existing system and from this lesson, the country will come out stronger to face the challenges in the world based on knowledge and technology.

There are also many Malaysians working outside the country coming back either because they have lost their jobs or it has become difficult to work overseas, he said.

-- BERNAMA

Economic Crisis May Take 2-4 Years To Recover, Says Nor Mohamed


2-4 years...lama tu kan..the problem is many still not sure how bad it is...japan pun dah enter into recession..dgr2nya local financial institution pun dah start offering vss..so sesapa yg nak lompat2 keja tu...wont be a gud time to do that..last in first out kan

KUALA LUMPUR, Nov 19 (Bernama) -- While the current global economic crisis may continue two to four years, its negative effects will not be as bad as that of the Great Depression in the United States during the 1930s, said Second Finance Minister Tan Sri Nor Mohamed Yakcop.

Compared with the 1997 regional financial crisis, the present situation however is bigger as in 1997 it was a banking and currency crisis involving countries in the region and therefore at the sideline of the world financial system.

This time around however, the crisis involves world financial centres in the US and Europe and it cannot be easily resolved as it involves the erosion of the world financial system.

It will take a long time to regain the confidence that has been lost, he said.

Referring to concerns raised by Malaysians, he said the rate of unemployment in the country was still low at three percent and even if goes up it will not exceed four percent.

Malaysia also has a high level of savings at 37 percent compared with the US which has between zero and one percent and the US government has to now borrow US$4 billion every working day to take care of its needs.

Nor Mohamed said Malaysia's banking system was also solid and that the government was proactive in taking measures to resolve the problems including taking measures that were unorthodox like what it did during the 1997 crisis.

Meanwhile, on concerns of a lower income from oil revenue, he said that in the 2009 Budget, the taxes from petroleum and the dividends were based on the price of oil during 2008, and given this, there was no issue actually.

Only from the 2010 Budget onwards there may be a need to relook at the oil revenue considering the fast falling oil price.

He also said that the country's high deficit of 4.8 percent was not a problem as the Malaysian government was highly disciplined in its financial management and was capable of paying back.

He also pointed out that in 1997, the budget deficit was 5.5 percent, adding that a high deficit for one or two years was not a problem.

On concerns regarding foreign banks in the country, he said it was mandatory for foreign owned banks in the country to establish their operations locally using their own capital equity and not as a branch to their holding banks in their respective countries.

Therefore, there is no risk whether the parent banking company is from the US or elsewhere, he said.

On the good that has come out of the financial crisis, he said the western leaders were now beginning to use the advice given by Malaysia 10 years ago on the weakness of the international financial system.

Now, they too are seeking for a more fair and stronger financial framework, he said.

The situation has also given the opportunity to economic experts to gather and put forward their views to strengthen the existing system and from this lesson, the country will come out stronger to face the challenges in the world based on knowledge and technology.

There are also many Malaysians working outside the country coming back either because they have lost their jobs or it has become difficult to work overseas, he said.

-- BERNAMA

Economic Crisis May Take 2-4 Years To Recover, Says Nor Mohamed


2-4 years...lama tu kan..the problem is many still not sure how bad it is...japan pun dah enter into recession..dgr2nya local financial institution pun dah start offering vss..so sesapa yg nak lompat2 keja tu...wont be a gud time to do that..last in first out kan

KUALA LUMPUR, Nov 19 (Bernama) -- While the current global economic crisis may continue two to four years, its negative effects will not be as bad as that of the Great Depression in the United States during the 1930s, said Second Finance Minister Tan Sri Nor Mohamed Yakcop.

Compared with the 1997 regional financial crisis, the present situation however is bigger as in 1997 it was a banking and currency crisis involving countries in the region and therefore at the sideline of the world financial system.

This time around however, the crisis involves world financial centres in the US and Europe and it cannot be easily resolved as it involves the erosion of the world financial system.

It will take a long time to regain the confidence that has been lost, he said.

Referring to concerns raised by Malaysians, he said the rate of unemployment in the country was still low at three percent and even if goes up it will not exceed four percent.

Malaysia also has a high level of savings at 37 percent compared with the US which has between zero and one percent and the US government has to now borrow US$4 billion every working day to take care of its needs.

Nor Mohamed said Malaysia's banking system was also solid and that the government was proactive in taking measures to resolve the problems including taking measures that were unorthodox like what it did during the 1997 crisis.

Meanwhile, on concerns of a lower income from oil revenue, he said that in the 2009 Budget, the taxes from petroleum and the dividends were based on the price of oil during 2008, and given this, there was no issue actually.

Only from the 2010 Budget onwards there may be a need to relook at the oil revenue considering the fast falling oil price.

He also said that the country's high deficit of 4.8 percent was not a problem as the Malaysian government was highly disciplined in its financial management and was capable of paying back.

He also pointed out that in 1997, the budget deficit was 5.5 percent, adding that a high deficit for one or two years was not a problem.

On concerns regarding foreign banks in the country, he said it was mandatory for foreign owned banks in the country to establish their operations locally using their own capital equity and not as a branch to their holding banks in their respective countries.

Therefore, there is no risk whether the parent banking company is from the US or elsewhere, he said.

On the good that has come out of the financial crisis, he said the western leaders were now beginning to use the advice given by Malaysia 10 years ago on the weakness of the international financial system.

Now, they too are seeking for a more fair and stronger financial framework, he said.

The situation has also given the opportunity to economic experts to gather and put forward their views to strengthen the existing system and from this lesson, the country will come out stronger to face the challenges in the world based on knowledge and technology.

There are also many Malaysians working outside the country coming back either because they have lost their jobs or it has become difficult to work overseas, he said.

-- BERNAMA

Budget 2009: What Is Your Wish List?


The 2009 federal budget, which will be presented in Parliament on Aug 29, is the most challenging one in recent years, being formulated under tough macroeconomic conditions.

ALTHOUGH the Malaysian economy held up pretty well in the first half of 2008, higher energy costs and soaring food prices will sap the purchasing power of households and restrain consumption over the coming quarters.

This, together with the declining values of equities and higher consumer price inflation, has taken a toll on household balance sheets.

What does the man in the street want in Budget 2009? The consensus seems to be: an effort by the Government to help the rakyat cope with the high cost of living and improved amenities.

Hopefully, budget 2009 will be consumer friendly and my wish list as for now are as follows:

1) Allowance for children raise to RM 2,000

2) EPF and Insurance exemption raise to RM 10,000

3) Toll price be reduced

Those are my wish la kan with the rise of inflation....korang pulak camana ek
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