Monday, April 27, 2015

Forth Week After GST Implementation

Two weeks ago, I went to a bakery to look for sweet potatoes bread. Few months back, I remember the price was RM5.50/loaf. I was surprised to see the new price tag RM6.80/loaf (inclusive of GST). No wonder, there's quite a lot of sweet potatoes bread left... I decided not to buy the sweet potatoes bread too. Not because I can't afford it but I strongly disagree with the way some businessman running their business. 

Last weekend, hubby and me went to one of the local kopitiam for kolo mee and tea-c. The kolo mee still the same price, RM3.00/bowl. The kolo mee operator complained that she absorbed some of the additional cost such as soy sauce and raw kolo mee. I think if she increase the price by RM0.20, as a consumer, I still can accept it. For the tea-c, hubby and me were surprised that the price had gone up to RM1.50/small cup from the RM1.20/small cup. An increment of 25%!

Today's lunch, I went to one of the local restaurant which I used to go at least once a month. From the menu, I saw that the food's price all increased by RM0.50/plate. On top of that, this restaurant still charge 6% GST! No wonder I saw there's so much less customers compare to before... I am planning to reduce my visit to this restaurant... Again, not because I can't afford it, but because I believe, as a consumer we need to be smart. 

I have more to share but let's save it for my next post...

Thursday, April 23, 2015

KWSP@EPF Full Withdrawal Stays At 55

This week, the hot topics for many Malaysian is on the 'Enhancement Initiatives of EPF Scheme'. Among the initiatives is to raise the full withdrawal to 60 from the current 55. From 21 Apr till 5 May 2015, KWSP@EPF is inviting its member to contribute their opinion through the online survey by logging in to i-Akaun. Since I am an i-Akaun user, so, last night I took some time to log-in, to further understand the enhancement scheme. 

Among the questions asked is whether the member agree or disagree to raise the current full withdrawal age to 60 years old. Of course I disagree because I think at 60, I will be too old to enjoy my retirement fund. Other than this, KWSP@EPF also shared a few options to maximize its members' retirement fund. The survey consist of a few sections with clear explanation and example on some of the questions asked. I spent about 30mins to complete the survey. I find that it is important to further understand the meaning of the question ask by clicking on the explanation and examples provided. Because, a sentence might not be able to give a clear picture of the actual meaning of that question. At the end of the survey, member is given an opportunity to leave a comment.

Overall, I would say KWSP@EPF had done a great job in creating the online survey to gather feedback from its member. And as at today, more than 50K member had responded to the online survey.

Based on the survey, today, Prime Minister had also announced that KWSP@EPF full withdrawal stays at 55. You can read the article here.

I would still strongly encourage you to participate in the survey. 

Wednesday, April 8, 2015

First Week of GST Implementation

Today marks the first week of GST implementation in Malaysia. This is the hottest topic at the moment. Within this week, hubby grumbled a few times about some coffee shop who had increased their price. As for me myself, I noticed some cafe and kopitiam also had increased their price of foods. And on top of the new price, some also impose GST 6% on the bill. It is obvious that some of the shop operators are taking advantage of GST implementation to increase the price of their food. At one of the kopitiam, hubby asked the shop operator why the tea-c which was priced at RM1.30 before is now RM1.50 (15% increment)? The shop operator replied, it was because the price of evaporated had increased. Hubby shared with me some simple calculation. Let's assume, a can of evaporated milk which cost around RM3 can produce 10 cups of tea-c, then the new price of the evaporated milk would be RM5! That is ridiculous! 

A friend who had a bowl of kolo mee (Kuching local noodle) during the weekend complained that the price had increased from RM3.00 to RM3.50. That is almost 17% increment!

I am wondering if we can complain to KPDNKK for the 2 cases above...

That's just 2 stories from me for the first week of GST implementation.

Isn't it GST supposed to reduce the burden of the rakyat?

Monday, March 30, 2015

Pre GST Shopping Rush

I noticed people started talking about pre Goods and Services Tax (GST) shopping weeks before it's implementation on 1st April 2015. Since last Friday, traffic started to get congested and I saw many people went shopping around Kuching town. Among the goods sought after were electrical items, furniture and daily necessities such as toothpaste, detergent, toilet papers, baby diapers, shampoo, coffee powder, chocolate drinks, milk powder and canned food. 

Over the weekend, local tv news reported many shoppers crowded the shopping malls with both hands and trolley full with items. Local newspapers also reported on mad shopping.

Yesterday, when I myself went for weekly grocery shopping at a nearby supermarket, I was surprised to see many shoppers and the car-park was full. As for me myself, I only bought those items I need. No stocking as hubby and me don't usually consume a lot of daily necessities. For those with huge family size, I think it's wise to make bulk purchase for daily necessities as 6% savings of items purchased before GST would mean quite a lot for them. Just make sure to plan and purchase items as needed and make sure to use the items before the expiry date.

Wednesday, March 18, 2015

PTPTN: 20% Discount For FULL Study Loan Repayment

In one of my previous post, I shared on the process and procedure on how to make full PTPTN loan repayment. I also shared that I was given 20% discount when I told the PTPTN officer I wish to make full settlement for my PTPTN study loan.

So, for all PTPTN borrowers who wish to save some money, you may proceed to any PTPTN counters by 31 March 2015 to enjoy 20% discount when you make full PTPTN loan repayment. You may read the news here. My advice would be - do not turn up last minutes on 31 March 2015. Plan and visit PTPTN counter the earlier possible. Some times, it can be a very busy and packed day at PTPTN office especially with important due dates like 31 March 2015.

Thursday, March 12, 2015

Lee Kuan Yew: The Last Farewell To My Wife

Last night, I read the eulogy by Singapore Minister Mentor, Mr Lee Kuan Yew which was delivered at the funeral service of his wife, Madam Kwa Geok Choo at a private ceremony at Mandai Crematorium on 7 Oct 2010. 

When I finished reading the eulogy, I had tears at the edge of my eyes. I would say, it is very touching, inspiring and full with warmth and love. She was a great woman. A woman with great intelligence and great capability who is also friendly, warm and considerate. I believe she had positively influenced Mr Lee in many ways. When I read 'Without her, I would be a different man, with a different life', that's the moment I felt tears in my eyes.

She had lived a very meaningful live.

Tuesday, March 10, 2015

Why Do Employees Leaving The Corporate World?

For those who are in the corporate world and for those who had left the corporate world, you should know what I am talking about. Why do more and more employees are leaving the corporate world? Well, I have some of the reasons:

1) Could not stand the work pressure
The work pressure is from everywhere - your immediate superior, your colleagues, your customers, your competitors, your CEO... I think not many people willing to be in this stressful working environment for long. Some healthy pressure is good for a better achievement but only a robot can handle continuous pressure, unrealistic target and never ending deadlines.

2) Organizational blame game
My colleague and I call this, 'throw the ball around game'. When an issue happened, no one trying to find solutions to it, instead they find someone to blame and try to throw the issue to another department. The issue ended unsolved and might cause losing customers. Instead learning from the mistake and working together to prevent the same issue from happening again, the blame game will only bring further harm to the organization.

3) Too many office politics
Wow... this is really a game that many would not want to be involved but sad to say, it's hard to avoid in a big organization. Even a small office of two or three person cannot run away from office politics. Not to mentioned big corporate with hundreds of employees where most of these employees only concern about their own personal benefits. Back stabbing can happened anytime anywhere. I always tell myself that never trust all they said, leave some room for the real story.

4) Repeating negative events
It is always somewhere, on one fine day, big boss call a colleague (well, quite a good employee who had contribute for years for the company) to his room. The next thing would be that colleague packing up and was informed that he's been made redundant. Few months on the road, another person had to go. No one deserved to be treated like this!

5) Dysfunctional human resource department
I always believe human resource play a very important role in a development of an organization especially huge organization. After all, employment started and ended with human resource involved. Some strict policies must be applied to everyone for the company's benefits. No special treatment for that somebody. I believe it is especially important for human resource to properly 'screen through' the candidates before offering long term employment. Some negative attitudes spread faster than a typhoon :p

6) Realization that there's more to life than that corporate job
Towards some points, we will realize that there's more to our life than that corporate job. Maybe time and experience had mold us into a better person. Maybe the corporate world had taught us something that we are now looking at things differently. Maybe the long stressful working hours had not only draining our energy but also taking away some part of our healthy body. 

Are you considering leaving the corporate world? Share with me what are the reasons you are leaving or planning to leave the corporate world.

photo credit: Boat-plank illustration via photopin (license)