Lowyat.NET: Latest topics by Fabio1

Are Malaysians under political oppression.

Fabio1 — Wed, 15 Oct 2014 23:32:11 +0800

With the recent sentiment from the public are very high and intolerable due to political situation in Malaysian politics and politicians which are not fair
in executing the law and double standard ,selective prosecution, mismanagement of countries wealth, no accountability, corruption , amateur handling of religious affairs and I can go and on.

Kindly provide constructive criticism and comment and racist remark .

Budget brief ....

Fabio1 — Fri, 10 Oct 2014 17:18:35 +0800

Here we go simple in layman words ...................

Labour laws to be revised to include benefits such as flexible hours to cater to an increasingly dynamic labour market.

17:15

Labour laws to be revised to include benefits such as flexible hours to cater to an increasingy dynamic labour market.

17:15

PTPTN: Rebate of 10% for individuals who has been consistently paying for the past 12 months till 31 Disember 2014 and 20% rebate for those who settles the full amount by 31 March 2015.

17:12

TalentCorp to be allocated RM13 mil for internship programmes and industrial training & more.

17:12

Syllabus at higher learning institutions to be revised to include extra-curricular activities to combat "unemployability" among local graduates.

17:10

PTPTN, as of Aug 31, 2014, only 46% of debt collected. 174,000 have never repaid their student loan.

17:09

National schools will be allocated RM450 mil, Sek. Jenis Kebangsaan Cina gets RM50 mil, SJK Tamil RM50 mil, boarding schools RM50 mil, religious schools with government's aids RM50 mil, SRSM 50 mil, Sek pondok RM50 mil and RM25 mil for chinese schools using national syllabus.

17:08

RM258 million allocation for Ministry of Health.

17:07

RM800 million allocated for schools, which include national schools, and Chinese and Tamil vernacular schools.

17:06

2x tax relief for companies who offer internships for diploma and vocational students.

17:05

10,000 students will be placed in private vocational institutions.

17:04

By 2020, 46% jobs will need technical and vocational qualifications. To increase enrollment in technical and vocational schools RM1.2 billion to be allocated.

17:03

Principals will be given autonomy to administrate their respective schools.

17:02

RM56 billion will be allocated for the Ministry of Education for various programmes.

17:01

1Malaysia Training Centre has been established for the private sector.

17:01

Urban Transformation Centre to be established in Kelantan, Terengganu and Perlis to promote skills and employability.

17:00

A new subsidy scheme will be announced soon.

17:00

To improve the country's budget - subsidy rationalisation has been implemented. An example is the fuel subsidy. We will ensure this is done in gradually and in stages to reduce the burden on the rakyat.

16:56

Grant of RM100 million for companies who send staff for GST training.

16:56

YA 2016, SMEs and small businesses will be reduced from 20% to 19%.

16:56

Highest income tax rate to be reduced from 26% to 24%.

16:56

Personal income reduced by 1% - 3% , 300,000 taxpayers will be exempted from income tax.

16:55

532 items, 56% price will be reduced such as medical products, electronic products, furniture, diapers, seafood and vegetables.

16:55

Groceries, RON95, diesel and LTG exempted as well.

16:54

GST exempted on essential items. To increase the number of items: 1) all local and imported fruits, white and wholemeal bread, coffee and tea, cocoa powder, mee kuning, laksa and mihun.

Also 290 types of medicine for 30 types of illness such as heart diseases, and diabetes will be exempt.

Reading magterials such as colouring books, dictionary, and others.

There will be an increase in the exemption for electricity consumption from first 200 units to 300 units.

16:51

To trim fiscal deficit to achieve a balance budget.

16:51

RM1.3 billion for Ministry of Science, Technology and Information - rebrand SIRIM, introduce a new initiative Public Private Research Network.

16:50

RM50 million to Ex-army Programme, benefitting 50,000 ex-army personnels.

16:50

RM50 million to Professional Young Women Development programme, benefitting 50,000 professionals.

16:49

RM50 million to Indian entrepreneurs.

16:48

RM350 million to Bumiputera entrepreneurs.

16:48

Tekun has been providing loan amounting to RM3.1 billion.

16:45

High speed broadband to be implemented in high impact areas in the nation. RM2.7 billion will be allocated in 3 years including additional 1,000 base stations and undersea cable construction.

16:43

These developments will create at least 1,000 employment opportunities.

16:42

Project LRT 3rd phase, from Bandar Utama to Shah Alam to Klang will begin soon.

16:42

MRT second phase, 56 km, from Selayang to Putrajaya with RM23 billion allocated.

16:40

Allowance automation modal expenditure of 200% on the first RM4 million. From 2015 - 2017.

16:38

100% tax exemption for 5 years to encourage private sectors to develop industrial areas in rural and less developed locations.

16:37

Encourage investments in less developed areas in the country, with specific programmes.

16:35

Malaysia is now the biggest sukuk provider, taking up 60% globally.

16:34

Research Incentive Scheme with RM10 million for SMEs in ICT and information industry.

16:34

Introduce the blueprint for the service sector with RM5 billion allocated for SMEs in the service sector.

16:33

With GST, SST will be abolished, causing the government a loss of RM13.8 billion

16:31

Total revenue last year is RM235.2 bil, additional of RM10.2 bil compared to the year before.

16:31

RM4.9 bil allocated for security sector

16:30

Revenue from GST expected to hit 23.2 billion. With GST, SST will be abolished.

16:27

Deficit fiscal trimmed from 6.7% (2009) to 3.9% (2013), and 3.5% by end of 2014.

16:24

We are now ranked the highest economic growth in South East Asia.

16:23

Budget 2015 is a budget of economy based on the rakyat's needs.

16:21

"People economy and capital economy cannot be separated. They exist in a symbiosis relationship," said PM.

16:18

The biggest challenge we face in administrating the country is balancing policies that are populist in nature with policies that are based on economic health of the country.

16:17

With the aim to achieve high-income nation in 2020, such as Japan and Korea. All these countries started with agriculture, just like us.

16:15

Opening address by Prime Minister: Government is still committed to develop Malaysia, with the 11th Malaysian Plan starting May 2015 with the Malaysia National Development Strategy (MyNDS).

16:00

And we're off! Malaysians, are we ready for Budget 2015?

15:54

Just a few more minutes to go. We are now waiting for Prime Minister Najib Tun Razak to start his speech.

15:51

There are expectations for lower corporate and income tax rates of up to 1% for companies and up to 3% for individuals under Budget 2015.

15:49

More policies to strengthen small and medium-sized enterprise (SME) are expected to be introduced under Budget 2015.

15:40

In 2014, the RPGT rate was increased to 30% for properties held for less than three years to curb speculation. Disposals for holding period up to four and five years also rose to 20% and 15% respectively.

Experts speculate that RPGT may be raised further this year. How will this impact the property market?

15:34

In addressing the rising cost of living among the middle-income group, the Government will likely increase the BR1M cash handouts to eligible households.

Malaysia Democracy vss Monarchy

Fabio1 — Sun, 28 Sep 2014 18:53:24 +0800

QUESTION TIME.
Most legal authorities and previous judgments on such issues are clear on one thing – the sultan/governor/Agong must choose the candidate who is most likely to command the support of the majority of the state assembly or Parliament for the post of menteri besar/chief minister/prime minister.

And where it is clear that a single candidate commands that majority support, there is no need for the titular head of state to ask for any other names to be nominated but he has to follow the constitutional duty of endorsing the candidate who legally commands the majority support.

This is what a constitutional monarchy is about, where the the head of state lies above politics, does not interfere in the administration of the state, and whose only role here is an important, non-partisan one of ensuring the person who commands the support of the majority of the assembly is the chosen one.

That is the essence of Parliamentary democracy and this must not be allowed to be played around with by any party as the will of the people is reflected through elections in the composition of the state assembly and Parliament. The role of the monarch is to ensure that the will prevails no matter what.

The sultan of Selangor had insisted on other names to be submitted for consideration, but this was not done by PKR, who said that they need to submit only one name. And indeed, according to most sane legal opinion, that is correct.

Want to buy Euro currency

Fabio1 — Mon, 22 Sep 2014 13:06:56 +0800

Hi guys do advise whereca n i get good rate if I want to buy Euro dollars , kindly advise.

Penny stocks to buy.

Fabio1 — Thu, 04 Sep 2014 14:34:06 +0800

Sifus do provide leads to any daily penny stock want buy.

Why Myeg shares is appriciating so fast.

Fabio1 — Thu, 04 Sep 2014 14:31:54 +0800

Was observing MYEG and locked in some lots but equally worried.

Another Private College & Stranded Students

Fabio1 — Tue, 02 Sep 2014 08:28:52 +0800

Lured by the promise of working on cruise ships, a group of Nepalis spent thousands of ringgit to enrol in a local college but ended up being stranded here, earning pittance as interns.

Most of them feared being arrested as they did not even have their passports, which were supposedly sent to the Immigration Department for visa extensions.

More than 80 Nepalese have become such victims and those who got back their passports have since returned home – without any full refunds on their fees.

Raju, 33, is one such victim. He gave up his job in a pharmaceutical company in Nepal, left his wife and infant son, to enrol in the “exclusive” Certificate in Cruise Operation Management course conducted by Lence Academy.

“I wanted to give my family a good future and a good life,” he told The Star at his dingy apartment in Puchong recently

While in Nepal, he had seen newspaper advertisements guaranteeing jobs aboard cruise liners that paid in US dollars, which applicants could get if they signed up for the course.

Among the advertisers was Oxon Institute & Consultancy, a company that worked with Lence Academy to enrol the Nepalese.

Like the others, Raju who arrived in October last year on a six-month student visa, believed that he would be interning at a five-star hotel or a fine dining restaurant before being hired by a cruise liner company.

Instead, he was sent by Greencity International College – a sister company of Lence Academy that shared the same address – to work in a small restaurant here as a general worker.

He said the students were told that their internships would run on days when there were no classes. Frustrated, he joined some of his coursemates to work as interns in a pub.

By May, Raju was still working in the pub and despite several cruise job interviews and promises from the college, he was none the nearer in landing his dream job.

Balram, 24, said several students were sent for multiple interviews with cruise companies.

“None got a chance to work,” he said.

Another student, Rajendra, 24, said an agent linked to the college took him and several others to intern at a pub.

He said when they objected, wanting a hotel internship as promised, they were told that they must pass a hotel recruitment process.

“I started the internship at the pub two months ago and I was told to start all over again if I stopped,” he said.

Rajendra said he and the others worked in pubs for at least up to 12 hours a day, five times a week, and were only paid between RM700 and RM800 a month.

When he demanded in May to be sent home, he was told to apply for a special pass to go back and given only about 10% of the RM18,230 in fees that he paid to the college last year.

Raju said he borrowed money from friends and family and going home empty-handed was not justified and shameful.

“What am I going to tell them back home?”

Dharmalal, 25, said his brother and fellow student Narayan, 28, had gone missing for more than a month. “I fear that he could be in a detention centre for not having any legal documents.”

Following complaints against Greencity International College, previously known as the Orange International College in November last year, Deputy Education Minister P. Kamalanathan was quoted as saying that the claims were being investigated.

However, there has not been any indication on the outcome of the probe so far.

When contacted, the college’s assistant marketing manager Celine Ong said foreign students were only given “job opportunities” and not “job guarantees” after they had completed their course.

Names of students have been changed to protect their identities.

Any knowledge about Nanoparticles

Fabio1 — Fri, 29 Aug 2014 14:05:50 +0800

Hi guys I need some advise on Nanopartcles ,had anybody have any knowledge on this ,a friend advise me to explore on this he claims he can manufacture this locally for global market.

Sifus please advise ...................................

Bitcoin Investments

Fabio1 — Fri, 29 Aug 2014 00:12:39 +0800

Hi guys I can find alot of the info in the internet , have any 1 invested in this business ,pros and cons and rick factor.

Your feedback will be much appreciated.

Why Segi University delays result purposely?

Fabio1 — Tue, 05 Aug 2014 23:12:01 +0800

Hi guys or past students can any of you advise why Private University and College purposely delays results ,fail the student whenever the student decide to move on abroad or change courses or any other matter especially when the student is under PTTPN loan.

I came across a number of students who decide to do their 2nd year of degree abroad and the local University purposely delayed the outcome of the result until the admission abroad was closed for the year.

I was told by the students the Head of Department of a particular University encourage the students to continue do the 2nd year in the same U and discourage them from going abroad.

Is it a tactic used by this private colleges and university to force the students and fail the students purposely so that the students will continue studying in the same college and deprive the students interest abroad.

I will name this Greedy, Unethical, Unprofessional Universities soon with facts.

Meanwhile please provide your comments and experience.

Why YTL shares are not appreciating

Fabio1 — Mon, 30 Jun 2014 16:32:51 +0800

Gurus why YTL shares are appreciating is it because they hold major shares in all their listed group.

Are new development selling like hot cake.

Fabio1 — Mon, 12 May 2014 16:36:26 +0800

I have been scouting for new properties and find the price is about the same as last year , any impact on appreciation properties bought in 2013?

Sounds like foul play in MH370 like 9-11

Fabio1 — Tue, 11 Mar 2014 13:45:53 +0800

I am trying to read in between the line and I feel something is missing and we are hearing contradicting statements from the Malaysian authorities.
Nonetheless we remained bewildered by the contradicting statements from our officials. Many people over the world might wonder how many imposters had indeed boarded the plane in the end.

Was it four or two? Who can give the correct answers? Why was it answered by the Director General of Civil Aviation Department who has no purview over such matters?

Now that it has been widely reported that the passengers who boarded the plane with Caucasian-European passports were people of Middle East origin after contradicting statements from two ministers. How could this have happened or been missed?

In view of this, an internal inquiry on the Immigration Department is absolutely necessary not solely to resolve the riddle but more importantly to trigger our soul searching over such talk as KPIs, competence, and graft-busting.

I was given to understand that there are those out there who know it is quite easy through clandestine or nefarious means to slip through the system. Now such complacency has been highlighted – whether or not the stolen passports has anything to do with the disappearance of MH370.

No doubt, at this crucial hour, nationwide prayer seeking divine intervention is necessary and understandable. But the powers that be are certainly expected to do more – at least to act decisively, in addition to their prayer call, because every minute counts.

After all, the fate of all those on board the plane and the global trust in our nation (that might affect the future investments and economic cooperation) are now on the line.

Malaysia will be better without Najib & UMNO

Fabio1 — Sun, 29 Dec 2013 13:21:08 +0800

Utusan Malaysia has again come out with guns blazing against Datuk Seri Anwar Ibrahim, with advice to Pakatan Rakyat on how to remain relevant.

This time, the Umno mouthpiece said the coalition should remove Anwar as its top leader.

"As long as Anwar continues in his role as adviser to Pakatan Rakyat, it will give the ruling coalition Barisan Nasional (BN) an edge," said Awang Selamat, the daily's editorial pseudonym.

RM110 Million is a good buy

Fabio1 — Fri, 27 Dec 2013 19:45:43 +0800

Rosmah's son buys RM110mil condo in New York

The 36-year-old stepson of Prime Minister Najib Abdul Razak has reportedly purchased a US$33.5 million (RM110 million) condominium unit in New York.

Riza Shahriz Abdul Aziz (far left), the son of the prime minister's wife Rosmah Mansor from an earlier marriage, bought the property at 63rd Street in Park Laurel, New York,

The report quotes a New York real estate website, The Real Deal, which said Riza bought the seven-bedroom property on Nov 19 last year.

A New York Times report says the penthouse unit, situated in Central Park West, was purchased by Riza under the shield of a limited-liability company named Park Laurel Acquisition.

Was told gov increase of 100%

Fabio1 — Thu, 14 Nov 2013 15:20:14 +0800

Is it true , I miss this was told 100% increase

CITYBANK Charges even bill came in late

Fabio1 — Thu, 14 Nov 2013 15:17:40 +0800

Hi guys whats your experience with Citi , receiving the bill late but paid full amount ,still charge interest.
Talking to them falls in deaf ears.

Have you guys encountered and do you resolve it?

Lookings for new ventures

Fabio1 — Fri, 18 Oct 2013 17:05:24 +0800

I am looking to invest in small ongoing businesses , must be sound and been in operation for 1 to 2 years .
Must be Legal and viable, do contact me if you have a opportunity and need extra capital , no interest only shareholding .
Email me at luker439@gmail.com

Looking for small ongoing business to invest

Thu, 01 Jan 1970 07:30:00 +0800

Looking for small ongoing business to invest

Fabio1 — Tue, 24 Sep 2013 11:29:29 +0800

I am looking to invest in small ongoing businesses , must be sound and been in operation for 1 to 3 years .
Must be Legal and viable, do contact me if you have a opportunity and need extra capital , no interest only shareholding .
Email me at luker439@gmail.com