Nice pretty model but I just like the song ....:))

I came across this interesting blog. Curious I made a comparison of some of the people that I know and see whether its hearsay or talk bull without fact. Do read the below first and I will let you know the survey at the end.

Let's to do some calculations here. In Malaysia the average family income is RM3000 (Father works, mother doesn't). I understand there are a lot of families whose income don't reach RM3000, but, to make things simple, lets take RM3000 as the figure. ok la right?

Okay, let's start rolling with a family which has Papa, Mama, 1 daughter and 1 son. ngam ngam..

Calculation starts...

- Electricity and water bil RM100 (no aircond, no home theatre, no water heater k?)
- Telekom and Handphone bil RM100 (cannot make a lot of calls one you know? NO Streamyx also)
- Meal for the whole happy family RM775 (3 meals on RM25/day, RM25 for 4 persons????)
- Papa makan/teh tarik during working hours RM155 (RM5/day, RM5 can eat what?)
- Car repayment RM400 (a proton saga aeroback, 7 years repayment)
- Petrol RM300 (Living in City, Jam) Go to work, bring son to school, only can afford one car running.
- Insurance RM650, (kids, wife and myself).
- House repayment RM750 (Low cost housing repayment for 30 years, retired still have to work to pay house!)
- Tuition RM80 (got that cheap meh?? No, I don't think so)
- Older children pocket money @ school RM20 (RM1/day, eat bread??)
- School fees RM30 (enough ah??)
- School books and etc etc. RM100 (always got extra to pay in school)
- Younger children milk powder RM50 (cannot have the DHA, BHA, PHA one, expensive)
- Miscellaneous RM100 (shampoo, rice, sauce, toilet paper)

oh wait!!! I have to stop here, so... No Astro, no movie @ cinema, no DVD, no CD, no online, cannot KFC, cannot Mc Donald, cannot go Park walk during weekend(petrol expensive), no chit chat on phone with grandparents, and etc...

Let's use a calculator to total up... WALAO EI.. Shit! RM3610 already.. EPF belum potong, income tax lagi,........ oledi --- RM610... How to survive laa tuan-tuan dan puan-puan sekalian??? Our Deputy Prime Minister ask us to change lifestyle?

Calculation ends...

How to change? Don't eat? Don't work? Don't send children to school and study? Besides that, I believe in Malaysia population, there are millions of Rakyat Malaysia which still don't earn RM3000/month!!!

What is this? Ini lah Malaysia Boleh.. Sorry.. it should be Malaysians Boleh, because we're still alive and kicking!!

Our politicians must be mad!!!!!!

p/s - 25/2/2006, eletrik naik 12% kalau dulu belanja RM100 sebulan sekarang dah RM112 sebulan.

OK....as hard or as bad as I agreed with the above and am not very pro-Abdullah Badawi I have to say my technician response took me by surprise. He can still make a living with 3k with 2 kids and a wife (whose not working). I ask him to list down his expenses and I total it up for him and found the discrepancies with the above on the insurance - RM650. Seem Malays usually don't buy insurance unless they are rich. In addition though he drive a Mazda 323F (for show off purposes and balik kampung) his transportation on weekdays are with motorcycle and that is RM 6 per week only (on petrol).

No tuition for kids. As for milk, the younger ones only drink breast milk and etc. In addition to that, he can usually earn more than RM 4k per month if he does more than 40hrs of overtime. Can you imagine that happening. So I guess Najib and Badawi lifestyle change does make an echo and have valid reason. Now I will just go and get myself a motorcycle and perhaps marry a Malay girl to get special privileges so that my kids have a guaranteed university future and career. What a F%#^% world this is.

Source: http://www.bnm.gov.my/index.php?ch=8&pg=14&ac=1081

Deposit Insurance System Introduced For Enhanced Consumer Protection
Toll Free Number for public enquiry : 1 800 88 1266

Bank Negara Malaysia wishes to announce that The Minister of Finance today approved the introduction of a deposit insurance system for Malaysia. The approval follows the Malaysia Deposit Insurance Corporation Act that was passed in Parliament on 26 July 2005 and gazetted on 11 August 2005. The system will further strengthen the consumer protection infrastructure and represents another significant step forward in the ongoing development on the Malaysian financial system. The deposit insurance system will strengthen incentives for financial institutions to adopt sound financial and business practices and enhance public confidence in the financial system by providing explicit protection of deposits.

Under the deposit insurance system, eligible deposits will be insured up to the prescribed limit of RM60,000 per depositor, per member institution inclusive of principal and interest. There will also be a separate coverage of RM60,000 per depositor, per member institution for Islamic deposits, accounts held under joint ownership and trust accounts, sole proprietorship and partnerships. This will provide coverage to 95% of depositors in full.

Bank Negara Malaysia wishes to announce that the Minister of Finance has approved the establishment of an independent statutory body called Perbadanan Insurans Deposit Malaysia (PIDM) to administer the deposit insurance system. PIDM was established on August 15, 2005 with the enactment of the Malaysia Deposit Insurance Corporation Act 2005. Among others, PIDM's mandate is to provide insurance against loss of part or all deposits; provide incentives for sound risk management in the financial industry and to promote and contribute to the stability of the financial system. In meeting its objectives, PIDM is required to act in a manner to minimise the costs to the financial system.

PIDM will also have the role, in certain circumstance; to undertake the resolution of banking institutions, as may be required based on the assessment of Bank Negara Malaysia.

PIDM will have a seven-member Board, with balanced representation from the public and private sector. Members of the Board of Directors of PIDM as approved by the Minister of Finance are; Tan Sri Dato' Abdul Aziz bin Taha (Chairman), Tan Sri Dato' Sri Dr. Zeti Akhtar Aziz, Dato' Izzuddin bin Dali, Tan Sri Dato' Seri Muhammad Azmi bin Kamarudin, Datuk Dr. Abdul Samad bin Haji Alias, Datuk Dr. Sulaiman Mahbob and Encik Michael Wong Kuan Lee. The Minister of Finance, on the recommendation of the Board, approved the appointment of Mr. Jean Pierre Sabourin as the Chief Executive Officer of PIDM.

As mandated under the Act, all commercial banks (including subsidiaries of foreign banks operating in Malaysia) and finance companies licensed under the Banking and Financial Institutions Act 1989, and Islamic banks licensed under the Islamic Banking Act 1983 will be members of the deposit insurance system effective September 1, 2005. Member of the public are hereby informed that all eligible deposits will be covered up to the prescribed limit of RM60,000 per depositor, per member institution from today.

Bank Negara Malaysia in its role of ensuring monetary and financial stability will remain the primary regulator and supervisor of the banking system. PIDM will complement Bank Negara Malaysia through the administration of an effective deposit insurance system in a manner that provides incentives for sound risk management in financial institutions.

Explicit deposit insurance systems exist in more than 80 countries around the world including the USA, Canada, Taiwan, Japan, Germany, Indonesia and Hong Kong. In developing the design features of the Malaysian deposit insurance system, consideration was taken to ensure that the system is efficient, effective and equitable.

 
Bank Negara Malaysia
1 September 2005

Another crap bolehland policy and philosophy....^%$^%#%^