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Taxes

The Return Of GST – PM Ismail Sabri’s Audemars Piguet Watch Worth RM292,553 Can Subsidize Thousands Of Chicken

You know this country is in serious financial trouble when Prime Minister Ismail Sabri floats the crazy idea of restoring GST (Goods and Services Tax) in the middle of global inflation. Either he was extremely desperate because the national coffers are already empty, or he had no idea that Najib Razak’s advice to re-introduce the […]

... written on Jun 04 2022

Roti Canai & Teh Tarik To Cost More Next Month – Here’s Why The Cost Of Living Will Be Worse If Najib’s GST Is Still Here

Finding a piece of “roti canai” or a small glass of “teh tarik” at RM1 each, even in the remotest area is extremely difficult, if not impossible. Roti canai – a piece of round plain flat bread – is essentially one of Malaysia’s favourite dishes that is cheap and good for breakfast, lunch and even […]

... written on May 30 2022

Billions Of Windfall Lost – Clueless & Incompetent Malaysia Govt Fails To Capitalize On Indonesia’s Palm Oil Export Ban

Crude oil hit more than US$130 a barrel after Russia launched its so-called special military operation in Ukraine. But crude oil was not the only commodity which skyrockets after the invasion. Sunflower oil, the world’s third most traded vegetable oil after palm and soybean oil, also hit the roof. Worse, Ukraine and Russia accounts for […]

... written on May 14 2022

No More Toll Hikes For 4 Highways – How New Cronies Will Make Billions & What The Govt Does Not Want You To Know

When Prime Minister Ismail Sabri and Works Minister Fadillah Yusof proudly announced there will be no more toll hikes for four highways in the Klang Valley, you know the next 15th General Election is around the corner. But the announcement on Monday (April 4) is not only long overdue, but was actually a proposal first […]

... written on Apr 05 2022

7 New Taxes That Najib & UMNO Plan To Introduce After They Win The 15th General Election

Who will become Malaysia’s next prime minister after the 15th General Election, which does not need to be held till middle of 2023, but is being vigorously pushed by the top leadership of the United Malays National Organization (UMNO)? The political party has just concluded its general assembly, but the competition for the top post […]

... written on Mar 22 2022

Australia-China Ties Remain Hostile – But New Zealand Upgrades Trade Deal With China That Could Bring Record $50 Billion

While Australia, the United States’ “deputy sheriff” in the Asia-Pacific region, has chosen to remain hostile with China, it’s a different story with its neighbour, New Zealand. The Kiwi has just officially upgraded its 2008 free-trade agreement (FTA) with China that will give exports greater access to the Chinese market. New Zealand was the first […]

... written on Feb 15 2022

A Deal Doomed To Fail – China Playing Tai-Chi While The U.S. Losing Patience With “Phase-1” Trade Deal

About 2 years since a trade deal between the United States and China – called “Phase One” – went into effect on 14 February 2020, the deal appears to be nothing but a promise meant to be broken. From the start, the deal was doomed to fail simply because it lacks sincerity, not to mention […]

... written on Feb 10 2022

Stock Market Sell-Off Is Not Over Yet – And The IMF Downgrades Global Growth As Economies Of U.S. & China Slow

While the Federal Reserve is expected to signal that a rate hike will happen as soon as March – with more tightening policies to fight inflation – the stock market volatility will likely continue. In fact, the stocks sell-off is not over yet, judging by other factors on the table like the geopolitical tensions in […]

... written on Jan 26 2022

5 Investment Options For IRA Plan

When saving for your retirement, you might want to consider opening an individual retirement account (IRA). Compared with, say, 401k pension plans (read more), retirement savings accounts for employees, IRA will also let you invest, but with more extensive options for investment vehicles ranging from individual stocks to a long list of mutual funds (and […]

... written on Jan 11 2022

Bad Policies Come Back To Haunt – Why Should We Dip Into Retirement Funds Every Time The Incompetent Govt Screws Up?

We had warned back in 2020 the consequences of dipping into KWSP / EPF retirement funds during the Covid-19 pandemic. Its contributors should reject any proposal to use their own retirement funds – prematurely. However, as many as 7 million members had chosen to withdraw their own savings from various schemes introduced by the backdoor […]

... written on Jan 05 2022









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