Money is shrinking !

Malaysians have to adjust their life style now. There is really no choice when your disposable income is less due to the hike in petrol prices.

On the surface, those with cars less than 2000 c.c. and use about Rm120 per month will not be affected, since although he pays 40% more (about RM50) more a month, he will be compensated by the RM625 rebate a year. But in practice, he will also be affected because of the chain reaction that petrol hike brings.

Shipping and transportation costs will go up, energy cost such as electricity will go up. Cost of manufacturing goods will therefore go up and since businessme are not philantropists, you can expect a price increase in almost all manufacturing goods  and services. Thus , even if the person using less than $120 petrol a month and not affected directly by the petrol increase because of the rebate given , his money will shrink like the money of all others.

This is the ugly face of inflation. Inflation is now a world wide phenomenon, and being part of the global economy, we have no choice but to accept the fact that prices will be going up.

Last year, i have written a post “Shrinking money, daytime robbery and pay cut”   when my favourite Koey Teow and One-Ton-Mee went up in price from $3.50 a plate to $3.80 a plate. This was what I posted:

Yesterday was a public holiday and I took a rest from work too.

I went to have my usual breakfast in the neighbourhood coffeeshop, and ordered a fried Koey Teow and a glass of coffee.

I gave RM3.50 in exact change to the Indon girl who brought me the plate of Koey Teow, but surprisingly she told me I was short of 30 cents. It is now RM3.80 per plate. Just one week ago, it was RM3.50, an increase of 8.5%.

An old pensioner in the next table told me that his plate of One-ton-Mee was also RM3.80 now. Apparently, the hawkers in PJ have all raised their prices, even before an expected adjustment in petrol prices and electricity tariff, as predicted by the numerous articles and letters in malaysiakini .

The old pensioner told me that he usually eats out every morning. So for the poor old man, his saving of Rm38000 in bank is suddenly worth about Rm35000 in purchasing power as compared with just one week ago.

For a person with saving of RM380,000, the amount can now buy only the same number of Koey Teow or One-Ton-Mee as Rm350,000 just one week ago. It means a loss of purchasing power of RM30,000.

It is like being robbed of RM30,000. A lot of value just disappeared almost overnight.

For a person earning a salary of RM3,800 , the pay now is just like RM3,500 one week ago. Meaning that he has in fact taken a pay cut without realising it

What I wrote then may be very dramatic but that is how inflation really affects us. What we can do is to eat less Koey Teow or One-Ton-Mee.

But what about those who are already living on the brink of poverty and who has not had any One-Ton_mee for a long time because they really cannot afford? We cannot tell them to eat less rice !. They have to survive and live! This group must really be taken care off.

Another group will be those already retired and is no more working. Their saving is getting less everyday, and the pittance that they get from bank interests cannot even cover the increase in the price of goods.

In the same post I wrote:

The best way to counter inflation, as a  nation, is to increase growth. So that those earning 3,800 payroll can now be paid 4,200. But with growth stagnant, it is just not possible for employers to raise pay for their employees.

But even with good growth, the old and the retired, with money earning pittance in banks, (38,000 in bank will earns you 1330 a year based on 3.5% interest per annum) will still be badly hit. These groups will have to rely on government or the caring public to survive.

Perhaps the few billions of money wasted in Port Klang fiasco could have been better deployed to be given as an inflation allowance to  old and retired people. Say, 1 million of old retired people can receive RM 4000 each, if 4 billion Rm can be saved from the project to be channeled as allowance to this group.

I do not even want to talk about the space tour program which is an utter waste….

We need to tighten our belts, especially those of us living in urban and suburban areas. For the government, it is time to cut wastage, increase efficiency, increase growth, check corruption (corruption leads to wastage of funds), cut down on grandiose projects which do not really benefit the people.

So, hopefully, the government can use the 18 or so Billions savings from this petrol hike prudently to increase economic activities and bring about good economic growth, so that the  people can earn more to counter the effect of inflation. But if some leaders do not change their ways and carry out a few projects like the PKFZ, then they can expect the people to throw them out the next round.

It is also time to really cut down abuses and wastages and channel whatever funds that can be saved  to help the poor and the old. A totally independent Anti Corruption Commission (ICAC) will go a long way to help combat these abuses ad wastages.

 

 

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36 Comments (+add yours?)

  1. nick
    Jun 05, 2008 @ 16:00:32

    I work for an MNC company. To our dismay, we discovered that our electricity bill will now jump by 26% wef 1st July. (TNB shares shot up 4.3%yesterday). That is too hefty. Where are we going to find compensating savings from? As it is, our Revenue has been shrinking as the Ringgit strengthened. One transporter has already put us on notice to say that they will be hiking trucking charges by 30% to 40%. More transporters will follow. I believe the Country has crossed the rubicon. Malaysia industries will lose its competitive edge. Over the last 30 years our inflation stayed below 3%p.a. Each year, we dished our about 4% to our staffs/workers and no one complained. Now it is going to be different. Our Income tax remained one of the highest in the region. Something has to give. About time to throw out this bunch of incompetent Cabinet and vote in PR whom I believe has the Rakyat’s heart in its core Mission. Where is Gerakan, MCA, MIC voices???

    Like

  2. A true Malaysian
    Jun 05, 2008 @ 17:15:39

    Dr. Hsu,

    I commented before in your previous posting that the economy of Malaysia should be managed by someone qualified, who is conversant of economic (perhaps people like Tony Pua).

    Since Mahathir time, Finance Minister post was also held by the PM himself. To me, this is a very serious mistake that the BN government committed. PM, being CEO of the country, should not be over-burdened by such an important portfolio. This was further aggravated by PM also hold the Internal Minister post. The lousy performance of the police force may be due to this. There is no point setting up ‘ad-hoc’ committee here and there to fight over economic ills.

    In the long run, the government should revert back to MERITOCRACY, where in this particular case, the position of Finance Minister.

    Just practise simple rule, don’t look at skin colour, but go for the best person to fill up a position.

    Like

  3. monsterball
    Jun 05, 2008 @ 19:39:16

    So we eat less..change our lifestyles…stay home…no going out so much.
    Diam said….spend spend spend..and that worked too!!…for him and Mahathir…stealing our money.
    Now Dollah said…save save save …..change lifestyles. That will work too!
    You see…every action as and equal reaction.
    Diam was creating activities. Dollah ..sleepy head …is saying ….be less active….sleep as much as you can.
    But did UMNO ever change for the better?
    So who is teaching us to change?
    Crooks or Saints?

    Like

  4. Dr Hsu
    Jun 05, 2008 @ 21:11:06

    A true Malaysian, I agree with you that PM has taken too many portfolios.

    Indeed, the Minister of Finance portfolio should go to someone well verse with economics, prudent, far sighted. The best person , regardless of ethnic origin, should be given the job.If the economy is well managed , everyone will prosper.

    I think it is because the PM is not confident of his own strength and suppoert thqat he needs to keep 3 jobs for himself. A strong leader would not have to do so…

    Like

  5. steven
    Jun 06, 2008 @ 00:43:35

    Sleep as much as you can like PM, to cut down some of your expenses but not getting pay hike like the civil servant, one of the advice from Pak lah for the Malaysian people, also if you don’t like the electric rate hike, no point using the electricity for your appliances or tools, government not interested in subsidizing your business.

    Like

  6. romerz
    Jun 06, 2008 @ 02:02:01

    Dr Hsu,

    One of the theories put forward to me by a relative on why the subsidies for fuel was removed in such a drastic way yesterday had me thinking about it all day.

    Why not staggered gradually say 10% a month until market parity? Why so sudden and not August and in contradiction with what YB Sharir had earlier led us to believe?

    Furthermore, Badawi is already walking on egg shells so why now such an unpopular move which will weaken him further?

    After all, Malaysia is still a net oil exporter and the subsidies will not become a crisis until 2014 when we become an oil importer.

    My relative believes that those who control the government are trying to empty the national coffers and that of Petronas as well in the event that the BN government is ousted in the near future.

    His argument is that a lot of development projects have to be reviewed because more and more funds allocated for these projects are being used to subsidize fuel. By removing the subsidies now, they can resume the proposed developments in the various corridors and the money will be payments to the contractors who are their cronies.

    Even if the BN should fall in the near future, the in-coming PR government can’t do anything to reverse the monies already spent except to take the companies to court by which time the cronies would have spirited the money out of the country and only their fall-guys will be left to face the music.

    Is this plausible?

    Personally, I’m confused. It does make some sense given that we know corruption is rampant in this country and that we won’t be in the position we are in today if there was no corruption.

    On the other hand, the magnitude of this scheme, if true, is so huge that it defies imagination and belief.

    For the sake of this country, I hope its not true. If it is true and is found out, I shudder to think what would await us.

    Another Marcos/Philippines, Suharto/Indonesia revolution?

    One more thing.

    Tonight I attended a Gerakan organized CEO talks and the speaker was Tan Sri Dr Koh. Before the talk started, I was introduced to some Gerakan members and we made small conversations whilst waiting for the event.

    The thing that struck me most from chatting with these members were how localized their thinking are. They were more interested to discuss things about being a ‘good’ opposition in Penang than the bigger picture of the ills facing this country as a whole.

    Its almost like they don’t even want to acknowledge the existence of such problems because it is beyond Gerakan to rectify.

    Of course there were the odd one or two who understood where I was coming from when I posed questions about the bigger picture. But they were definitely in the minority.

    What frightened me most was the nonchalant attitude towards the 12GE. It was almost as if they actually believed it was a fluke that Gerakan did as badly as they did and that given time, all will be well again.

    Are they right or am I being too negative?

    If the 8 or so people I chatted with today represents the cross-section of Gerakan, then I’m afraid the party is beyond saving.

    I am at a loss what to do anymore. Before those supporters of PR jump on me and tell me to switch sides, things are not going so well in the PR either. (I have 1st hand experience and maybe one day I’ll relate here but for now, I’m hoping that they do well and take care of the many ordinary people that depends on them)

    To a large extent, they are the total opposite of Gerakan. They see the bigger macro picture but are unable to tend to the micro needs.

    What this country needs now more than ever is people who can combine the 2 and offer a 3rd alternative.

    Dr Hsu,

    Do you know of any charismatic character who will launch a 3rd alternative? If so, I would like to put in my application for membership now.

    (sorry for rambling off-topic but I’ve been in disturbed state of mind after the events of today.)

    Like

  7. Dr Hsu
    Jun 06, 2008 @ 11:10:20

    romerz,

    The theory you mentioned is plausible.

    The increase is too fast and too high. It should be staggered. By doing so, inflation is going to skyrocket, and the poor and the middle class will be affected.

    As to your other comment, I would not want to say more. But I would comment generally on political parties.

    In any party, peer influence is very important. When certain leaders spin certain stories about the fallibilities of the opponents or that the loss in the last election was a fluke and people are regreting, everyone will believe it.

    Even the leaders, after telling the spin stories for many times, they themselves become influenced by their own spins. That was what happened to the main stream media before March 8 election. BN leaders actually believed in the spins of the main stream media and thought that they could win big again.

    Now the spin is that people did not want to change the government but merely wanted to teach BN a lesson. For those of you in the blogs, you know better, many people were so angry then that they would not mind if there was a change of government. My own brother from Penang told me 3 days before the election that people wanted a New state government because they were simply fed up with the perceived fight for positions among the BN candidates. The perception was these people placed self interest above the people’s interest.

    ANother spin was that people regretted the change. They spinned stories about people coming forward to tell them they regretted.

    But I do not quite buy the stories. This is still in the honeymoon period. When a couple is in honeymoon, you just ignore whatever mistake your other half does. For those who voted Pakatan, they are like in a honeymoon period. To think that they would so fast abandon Pakatan would defy human psychology.

    For Pakatan leaders, it is really a test of their integrity now that they are in power in 5 states. Power corrupts. Power changes people . I have seen humble people suddenly changed after becoming YBs. I have seen my own freinds changed after becoming MPs. The trappings of their positions and the praise from people change them, making them think that they are infallible. God-like. I am sure many of Pakatan people will change. I am sure some of them will not be able to handle their portfolio well, since many are inexperienced and many are too young.

    That is why Pakatan are courting experienced people from BN to help run certain adminstrative positions. But for those leaders in BN, they would not like Pakatan to perform well and hence their strong objection to BN members who helped run certain problem portfolios, never mind that people will benefit from such cross party cooperation. … . But for those in BN, they dont want Pakatan to perform well, never mind people suffer for the next few years. Their mentality is “the more the people suffer, the better because BN then can come back to power”. They in fact would want people to suffer and then come back to them begging them to take over..

    All the talks about ‘for the people’s interest’ is just sandiwara. The incident that you observed at the counting centre is just an example of how these people are… They hope that Pakatan would perform badly, nevermind that people’s lives might go down the drain.. That way they could win and become YBs again the next round. It is really self interest above people’s interest.

    It is a case of not trying to win over the hearts of the people by reforming and changing, but rather hoping that people would have no choice but come back crawling to them.

    It is not about changing to be a better person but hoping that the other would become a worse person than you , so that people come back to you again.

    they have forgotten that in politics, people must always come first… They place self interest higher than partisan interest, and partisan interest above people’s interest. They forgot that political parties are just a conduit to enbale good people to work for the benefits of the common people. They have never known the basics, ad that is why they find it hard to go back to basic.

    Anyone trying to advocate reform are being marked and a broom will probably sweep these people out of the mainstream. Component parties are going round the country to meet the grassroots to put out the spins to the members, but I suspect, it is also a move to go round the country and identify those who are reform minded and mark them out and isolate them. Label them as non team players will have a big effect on the rest of the grassroots because human psychology is such that everyone would want to play along the team. Potential challengers will be nipped off at division and state levels. This is happening in MCA and others (you know who).

    Like

  8. yh
    Jun 06, 2008 @ 11:27:56

    Dr Hsu

    it wasnt about confidence. why did Mahatir hold on to the Finance post. Simple, its one of the most important portfolios in dishing out goodies and licences to his cronies. Thats how Anwar became so powerful and when they had the fallout, Mahatir decided that by controlling the finance ministry, he commands loyalty thru licences and contracts.
    I dont see any way out for this country from the depths of corruption and deceit except by voting this government out. Simple reason is that UMNO wont change and the sycophant parties that come under the umbrella of BN will just preserve status quo to enjoy the leftovers that drop from the table. Not that Pakatan is better but BN is just far worse.

    Like

  9. Dr Hsu
    Jun 06, 2008 @ 11:48:34

    yh,

    Yes, you are right… It is all about patronage and not about the country.

    Mahatir must take the blame for the whole patronage culture of UMNO.

    Like

  10. Y C Chai
    Jun 06, 2008 @ 11:52:59

    Dr Hsu

    Economy of a particular country will only improve and sustain if it is planned and implemented purely based on economic needs with minimum or no political interference. – This is what Lin Yi Fu, the current World Bank Chief Economist said.

    Hence, it is not difficult to understand why Malaysia’s economy is doing relatively bad even though we are blessed with abundant natural resources. The same goes to Taiwan where politics always come first before economy.

    Conclusion, we must get rid of politics that cripple economic progress and channel our energy into developing our resources into something viable and sustainable in long term. It may sound simplistic but its real. As a politician, what do you think is viable for Gerakan, MCA in particular to effect changes to attain this goal, if any.

    Like

  11. Dr Hsu
    Jun 06, 2008 @ 12:13:22

    HI Y C Chai,

    In US, economic matters and monetary policy are decided by Federal reserve which is not influenced by political pressure.

    SImilarly, education is another field which should be left to the educationists ad not politicians.

    Malaysia would have become one of the most developed if they have adopted an open market economy based on fair competition .

    As for the economics I advocate, Pls read my article ‘Is an open economy good?’ and also “the curse of oil”. “will Malaysia be marginalised”. You can view them as press writings or in the blogs using the search engines. These were written in end 2006 and beginning of 2007.

    I do not consider myself a politician, even though I was a grassroot member of Gerakan, like thousands of others.. I was in it for change, for the ideology of fair and equal society. That is why i have never actively seeked any position in the party , viewing it only as a platform to voice out and trying to influence member to go back to the ideology and leave UMNO. Anyway, because of its ideology of an egalitarian state, I think that there is a role for Gerakan to play outside BN, as a third alternative, just lke the Liberals in Britain, between Conservatives and the Labour .

    Like

  12. steven
    Jun 06, 2008 @ 12:32:41

    Malaysia is very much mess up by officials who constantly play up religion n racial issues to get elected, other than that, they are not much of a talent, education or brain in them, especially those umnoputra, these 2 issues can get them many votes for as long as Malay constitutes majority of the population, it is the ordinary Malaysians that are suffering.

    Like

  13. daffodils
    Jun 06, 2008 @ 19:07:20

    Hi Dr Hsu you dont mind comments that are off tangent.

    Regarding BN members acceptance of appointment to hold official positions for the Pakatan Rakyat state governments, it should be viewed with an open mind.

    As former U.S. President Woodrow Wilson said, “I not only use all the brains I have but all that I can borrow.”

    A state leader rely on experts for all kinds of information. It is important to build a network of experts so that they are there when their expertise are needed. If these experts because of their experience and knowledge can contribute in a positive way for the rakyat, they shouldn’t be condemned. Partisan politics is irrelevant in this regard.

    Like

  14. Dr Hsu
    Jun 06, 2008 @ 19:27:00

    daffodils, well said. Politicians first priority is to the people, and whoever can do the job should be given the job to do, regardless of their party affliation. Black cats and white cats, as long as the cat can do the job, give it to that cat.

    That is why democrtas serve under republicans and republicans serve under democrats . That is why US is still the model of democracy.

    Like

  15. DAP
    Jun 06, 2008 @ 19:48:02

    this is a sick country…and its beginning to show its symptom.
    the main disease as we all know is corruption.
    and i must say our immune system is quite strong to withstand it for over 20yrs.

    but on the 4th of June and from the way people queue up for hours to save Rm30-50 its a sign that our immune system can no longer fight the disease especially the mid and poor.

    and for these people to buy drugs daily to fight the disease for survival is equivalent to slow death/slavery.

    look at those countries that infected with the disease that’s where we’re heading now.

    Like

  16. monsterball
    Jun 06, 2008 @ 23:44:33

    All these comments boils down to one thing…UMNO is race and religion party and is robbing out country high and dry…and they make us pay for that….trusting them again…by giving them power.
    How come they can do that??
    Back to their own race…that UMNO and PAS…keep pouncing and pouncing…..without them….Malays are lost.
    And by nature…..Malays is a mild mannered race…slow and contented.
    And yet they have great signs of inferiority complexes.
    So do so many.. UMNO politicians!
    So UMNO politicians.. need to dress them up with tiltles….steal and feel… filthy rich…and since they love acting and singing..they act so successful with their expensive cars….like they are real successful people…and so Malays respect them..get hypnotized by their successful outward looks….and millions begin to hero worship them…..when in actual facts….most are cunning and foxy actors.
    Again ….problem with UMNO..they need people to be yes men and women….go against them..you are finished.
    Therefore….it is somewhat…..a gangster party.
    they love to copy USA flag…so they copy the famous Mafias of USA.
    Add all those…and where have the got the time and energy left…. for Malaysians and Malayasia…..when they keep on playing race and religion politics….a very very successful formula..to keep them being voted in …over and over again. So have mind under control and locked up…they keep planning how to legally rob us high and dry.
    Now is payback time…..meaning…they cannot cover up like before….with 5 States plus KLL.. .all lost control….to People’s Party.
    So….they need to find ways and means to cover up …all the huge billions of looses….which are infect …not losses at all…..but corruption money…with two distinct ways…inflate the original price….to a rediculous figure…approve it…then the seller….makes huge profits…keep that for the buyer….and another way….make sure…the third party involve get a cut . as commission agent.
    You see…..they are experts to cheat….con or steal….LEGALLY….to clean Malaysia ..people’s money….especially from our oil profits…to enrich themselves. Again.why they do that.is more and more know he con jobs..so more and more want easy money too….to shut their mouths.!
    It’s a disease!!
    Talk as much as we like…argue different opinions…but the truth of the matters is….we did not do a good job to change the government.
    So the have few more years..to clean up their act.s….appear strong….and on the last 6 months….before 13th election…..they will plan so many goodies….that you will be a bloody fool…not t re-elect UMNO back into power.
    Finally…Anwar is also playing a smaet game. Presuming he can take over the government….like he said. Why should he do it now…..when UMNO is messing themselves up….real good?
    So he maybe playing a smart waiting game..or infect.. maybe another bullshitter…expert in playing poker…like Bush.
    This is the situations we are in.
    So save your energy..and start thinking…what is best moves… by Malaysians.
    I think..change the government …is the only sensible answer.

    Like

  17. steven
    Jun 07, 2008 @ 00:09:45

    Of course for the PM to hold 3 ministerial posts is very good for him, at the very least, he is having 3 minister level pay check every month, that is why he said the government treat him very well and he does not need any side $$ from contractors, so why all the fusses about the price increase, as the “rakyat” want umnoputra so badly in Malaysia?Remember the majority race want them to govern in Malaysia.

    Like

  18. tussils
    Jun 07, 2008 @ 20:50:36

    having discover this website yesterday, i’ve read many meaningful insights. i’m a young voter, (not by age) but the recent event indirectly forced me to take heed on our country’s political arena. when the parlimentary videos were posted in http://www.youtube.com; i’m utterly disgusted with the behaviour and rationals presented by the current government. no manners, foul language, deceptive, arrogant, etc… are the few words that describe them.
    over the years, the younger generation blindly voted for the BN because of the biased media all over… (which includes me!). not anymore! i may not be very interested to be politically inclined, but i must spread the truth to all my peers extensively in view of irradication the BN tyrants in the parliment. the yuppie wont care what happens politically… We understand petrol increases that force us live beyond our means. temporarily, the poor will result into short term loans; i.e. credit cards, personal loans etc.. to make ends meet.
    is the govt looking after our welfare? this is nonsense. they’ve robbed our national wealth and still have a guts to potray their greatness to the rakyat… they should be ashamed of themselves and stepdown if they really love Malaysia.
    in view of theories that will go for their last swoop 4our country’s wealth b4 the 13th GE, we should pass a legislation to punish them when found guilty, even after their term of service.
    racial politics use to scare malaysians to stay out of trouble… now the govt is pushing their problem (lack of funds due to their mismanagement) back to the rakyat… what is the difference compared to racial politics. both imply that riots may occur… demonstrations and expressions of reform may gain superior benefits from the overturned govt.
    our PM didnt earn any respect from me. he doesnt lead by example. good leaders; they earn the peoples respect through good governance and strong economic growth. all these years, non-malays have been threatened by racial politics. everyone (malays and non-malays) should flourish and learn from our neighbours, singapore and brunei.

    Like

  19. pohwatchdog
    Jun 07, 2008 @ 23:52:49

    Malaysia is still a peaceful and stable country when we compare with Singapore, Thailand, Indonesia, Brunei or Phillipines. Our rakyat have been pampered for so long with various subsidies. No doubt our economic advisers should stagger the price petrol to lessen the ‘spill ovwer effect’. It is indeed hard to be on the rakyat to bear with the current hardship.

    We need to change our life style and have austerity drive. Our hawkers can reduce the amount of food with their current price and not increase their price. The rakyat should be cooperate with the government with the price control. Our PM need to delegate part of his portfolio to concentrate on his administration. We need to win back the confidence of the rakyat.

    All is not well if the policies is not handle with care.
    We need more capable, commited and talented Malaysian to serve our country. We don’t need demonstration from those that serve their own interest and political mileage. Global economic
    challenge is coming harder with the growing market of India, China, Brazil and Thailand. Even Vietnam is going to catch up with our beloved country. We need economic mangement in good hand. Let us give Pakatan Rakyat or Barisan Nasional government a chance to do their works.
    Move on and history will be the judge

    Like

  20. jeff
    Jun 08, 2008 @ 00:12:52

    No political party in Malaysia can do any worst than BN now, so i have no problem in any party coalition governing Malaysia at all, we have already reach the abysmal of nation building, every ordinary rakyat has nothing more to lose….

    Like

  21. ahpek
    Jun 08, 2008 @ 00:35:11

    As a non-malay citizen, i have no problem in government withdrawing fuel subsidy, since i can not afford my own car, and i can not obtain government loan to purchase one as non bumi., it does not add undue hardship to my daily life so long as food, health care n housing costs are manageable.

    Like

  22. Justin Choo
    Jun 08, 2008 @ 09:36:39

    Dear Ahpek,

    The reality is that it does add undue hardship to your daily life bec food, health care n housing costs are going to increase into unmanageable heights!

    Like

  23. Dr Hsu
    Jun 08, 2008 @ 09:47:54

    Ahpek, Justin is right. Even if a person is too poor to own a car, he would be affected because the price of everything is going to go up. Worse, this is the group that was totally left out of the rebate and so on…. Many fo these are retired people. So I would be good if a cash rebate can be given to these people direct to offset the increase in living costs.

    Like

  24. kowtim
    Jun 08, 2008 @ 11:47:31

    Why worry; eat, drink and be merry for tomorrow you may die. Anyway AI will probably find that this will be his best opportunity to get into Parliament through a by election.

    The reality is that if we are a nett exporter of oil, we should gain if oil price increase. Let us say that our nett export is 200,000 barrels a day and with oil price aat US 130 per barrel we should me making more than US 20 millions per day allowing for production cost. That figure translates into US 7.3 or RM 22 billions. Where have all the money gone?

    Coupled with the problem we have one the worst public transportion system. Forget about comparing with Singapore as sleepy head said, we are even way behind Bangkok. Bangkok has 2 lines for their Skytrain where you only need 1 ticket. Their taxi takes you anywhere unlike our mafias in KL. On top of that they have one MRT line together with river taxis and tuk tuk. The immediate solution to ease the commuters’s nightmare is to bring back the mini buses. At least people get home om time unlike Rapid KL.

    Like

  25. tussils
    Jun 08, 2008 @ 13:12:13

    the retired group shall be looked after in light of increased cost of living. pension payments real monetary value have depreciate accordingly. i feel that free healthcare can be given to given to the retired. it eases off their medical worries. they have contributed to our contry and we should care 4their welfare

    Like

  26. monsterball
    Jun 08, 2008 @ 20:59:35

    Just to let all know….Bro.Anwar has announced again .16th Sept. is the date for cross overs …to allow him..to take over the government.
    I guess…he can feel the cries ad hardships of people like ahpek…even ahpek himself….is no aware of….his coming hardships…right now.
    Bro.Anwar needs to prove that he is a man of his words..right now.

    Like

  27. monsterball
    Jun 08, 2008 @ 21:12:03

    Maybe….everything is okay….Dr. Darren Hsu can organized an informal gatherings of his visitors…..somewhere…quiet and nice.
    I for one…will love to meet him face to face..and blanja him coffee and cigar…while I dig out more medical secret informations….to be my own self healer…..hahahahahaha
    In the long ruin….coffee and cigar is dirt cheap……hahahahaha
    But from 10th-20th…June…I am busy.

    Like

  28. Justin Choo
    Jun 08, 2008 @ 22:48:56

    Oh Ya! Dar Ren is Darren!! How innovative Doctor!!

    Like

  29. steven
    Jun 09, 2008 @ 00:28:36

    The problem all Malaysians are facing now is we elected very corrupt man n woman into the office of the land to govern us, that put us all into such a despicable state. Even though we as a oil producing country, it does not mean the revenue will benefit us since the “corrupt” have to take care of themselves, family members n cronies first through various mega projects, it ‘s just fact of life in Malaysia that as Malaysians we need to deal with prudently.

    Like

  30. ahpek
    Jun 09, 2008 @ 00:43:48

    Dear Justin: I surely pray that your statement will not come true, if not, it is going to be a real painful event for many old n poor folks like me.

    For the time being, i can only hope that our ministers’ promise of controlling our daily food prices is working, even though most of the time they never tell us the truth and thing go in the contrary, as you probably know that they can be very convincing at time of crises, but what can we do as non-bumi,except to keep up our hope for the best in our beloved country.

    Like

  31. monsterball
    Jun 09, 2008 @ 04:44:38

    I think….the full name of blog owner is..
    Dr.Darren Hsu Dar Ren
    My 3 daughters are….Ai.Leen..Ai-Vee..Ai-Mee…and they also can choose their Christian names….Ireen…Ivy..and Amy..which both did….as two are baptized Christians.
    See..even father is a staunch Buddhist..one must let children be free to choose their religion.

    Like

  32. Justin Choo
    Jun 09, 2008 @ 09:59:05

    Dear Ahpek,

    I am also retired, but won’t consider myself poor, at least a year ago. But right now I am really POOR. And if the oil price continues like the surge of the DAP Rocket, both of us and many others will be beggars!! I wonder whether Dr. Hsu can give us free medical attention when we fall sick (just joking).

    Aiyoh! Ahpek, did you vote BN in the last GE? Don’t hope for anything positive from the BN government, least of all the Ministers. They are now frantically trying to save themselves from the Government-in-waiting, trying to find ways to sapu whatever crumps that are left behind from the evil Mahathir regime. Whoever takes over, we won’t be worse off, and it is coming very soon. Watch Anwar’s movements.

    Dear Steven,
    I never voted BN all my life!!

    Like

  33. steven
    Jun 09, 2008 @ 10:38:36

    Dear Justin: Good for you! at least you grow old as a wise man….me too never vote BN, as i consider umnoputra as too low class n disgusting party to govern the country.

    Like

  34. Dr Hsu
    Jun 09, 2008 @ 15:11:11

    I think the government should give a cash rebate to senior citizens and retired people.

    On top of that, i really hope that the government would not implement the much talk about ” Health financial scheme”. I have done a paper on that which I submitted to the MInistry in 2006,and which is available above in this blog .

    The countries which adopted the national health scheme system all have their health expenses soar many times. ANd in any health scheme, the medical cost escalates as can be seen from the reseach I did in that paper.

    Just to quote an example, the laundry services of all government hospitals was privatised many years ago. Immediately after the privatisation, the cost of laundry went up many times, causing the running costs of our government hospitals to rise. Why? I think you know the answers…..

    In the proposed health scheme, the government also wants to privatise its hospitals, like that of IJN. With privatisation, the hospitals would wan to make money, especially if the privatisation is given to some cronies. The cost of seeing even a governnment doctor will then soar many many times …

    I really hope that the scheme would not be implemented now. If they do, then , the poor and the old will have no access to health care.

    I do take care of my very poor patients , but I can’t tell you how because doctors are not allowed to advertise nor claims that he gives special treatment to old and retired.

    As to the gatherings of all commentators, a good ideas, but may not be feasible as they are from all places and not just KL where I stay.

    I would , however, very much to meet Monsterball. He is wise and can really teach most of us a thing or two.
    …………………..

    Also, my given name was Dar Ren, but many of my friends , including my blogger friend KTemoc, call me Darren for reasons which I do not know. So, I called be called Dar Ren , or Darren, or hsudarren.

    Like

  35. jamesloh
    Jun 09, 2008 @ 15:28:24

    let dig deeper abit, the wastage of resources n some projects like sending a tourist to space, sport mega complexes..n proton..these are losing concern…so to anme a few !

    its abt manage resources…

    Like

  36. ahpek
    Jun 10, 2008 @ 07:47:28

    Dear Justin; your advice is noted, you are right!

    Like

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