3/05/2011
The level of intolerance
PAS has just raided several shops selling lottery tickets in Kelantan. They find gambling against their values and life style and would not allow it to be on sale despite the provision of the Federal Law. Selling lottery tickets and some forms of gambling like betting on 4D, horse racing, and a casino in Genting Highland, are allowed under the Federal law.
If I am not mistaken, night clubs and bars were also banned in Kelantan. The MCA is raising its protest as an infringement into the rights of the non muslims. Just because the state govt does not agree with the lifestyle of other races, it does not have a right to ban them. If this precedent is upheld, then many things can be banned and the non muslims will have to live like the muslims in Kelantan, no eating of pork, no night spots or night entertain, no bars, no gambling, no movies, no drinking and maybe no drinking of alcohol as well. What else will be banned?
This is the kind of intolerance that is getting more pervasive and intruding into the lives and social activities of other minority races. This is the kind of danger when political power falls into the hands of intolerant groups or people that have no qualms about imposing their wills and beliefs on the minorities.
The big question is how intolerance is PAS should it won political power in Malaysia? For the moment there are some moderate voices within the group and some forms of give and take. When the chips are down, when the more secular parties lost power to the likes of PAS, what would be left of the rights of the minorities in Malaysia?
3/04/2011
Who pays GST?
I must repeat what I said about GST again.
1. Unborn babies pay GST. Mothers to be have to visit gynaecologists for consultancy. Pay GST.
2. Babies pay GST. All baby food, clothing and utensils, including pampers and pacificiers subject to GST.
3. Children pay GST. All their food and clothings and accessories include GST.
4. The jobless pay GST. They pay GST for food and clothing and whatever.
5. The retirees pay GST. They pay GST for food and clothing and medical bills.
Since people like to use percentage as a measurement or for comparison, how many percent of the incomes of the above goes to GST?
Independent Director jailed
This is the first time that an independent director was jailed. In the past they simply resigned and disappeared when trouble was brewing. That was an easy escape route for this profession. Would this jailing of independent directors be a signal that collecting director fees is not going to be a cup of tea and independent directors will now be held accountable and be put in jail if they failed in their duties? I really hope so.
Oh some are crying foul, $50k or $60k not enough to risk being jailed! My two big balls! If one is doing his job well, there will not be any jailing and $50k or $60k is a big sum of money. And some even claimed that there is a shortage of independent directors. Really, just because some are sitting in 8 or 10 boards? The fact that people are rushing to grab as many independent directorship as possible is proof that it is a very lucrative job and many people are willing to do it as a full time job. Now part timers are aplenty, hoarding 5 or more directorships and pretending that they are able to cope with the demand of the job and its responsibilities.
Let’s be serious, and make this a responsible profession and independent directors be made to work for their keeps. Imagine some could be taking hundreds of thousands and quickly resign the moment they see trouble coming. This is making a mockery of the system and the good money paid.
If nobody wants to be independent directors because money not enough and risk too high, just let me know and I will be able to recommend to them qualified professionals who are more than willing to do the job, including your goodself.
From oversupply to undersupply to…
With all the best talents, with all the planning, pre emptive policies and targeted response, the housing market has been swinging like a pendulum, from over supply to under supply and to stop gap measures. Is this how the housing of the people should be managed?
Over built and under built seem to be a norm because supply and demand are fickle and unpredictable. This all boils down to the meddling of a public housing policy to house the people to one that turns housing into a commodity for trading and speculation, responding to market forces with different objectives.
When the supply of public housing is determined strictly be demand and trying to anticipate demand and not to provide a home for the people, this is what we get. Public housing is not only an economic consideration, it is a political issue and cannot be simply decided based on profitability and market forces.
A 10,000 unit over supply is a problem that should not be from the start. Why, how could it happen? But having a situation that there is completely no available stock and to build only when there is a demand and be completed in 3 to 4 years down the road is equally disgusting as a public policy.
Heard the latest stop gap measure that raises the income ceiling to $5000 for buying of 3 rm flats. The reason, to prevent these buyers from over stretching themselves and forced into buying more expensive flats that they could not service. What about those who happened to earn more than the commandment that $8000 ceiling is immovable and be forced into buying private properties and overstretching themselves? Is it alright to force those who earn a little more into the crazy private property market to be squeezed by the astronomical prices of private properties? Where is the responsibility to ensure that people should buy within their means and not endanger themselves by over committing?
It is individual responsibility to manage their finances. But how can govt policy force people to over commit themselves with an immovable income ceiling that is already obsolete? Can we have another stop gap measure tomorrow to raise the ceiling for 4 rm flat and another one for 5 rm flat next year? Such piece meal changes are manifestation of not thinking through the whole problem and not looking at the big picture.
Can someone remove the blinkers please.
3/03/2011
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