KLIBOR's joke

Assalamualaikum wbt

Learning about interest rate is amazing. There are various terms used in the interest rate structure which are Deposit Rates, Interbank Rates, Statutory Costs, Overhead Costs, Base Landing Rate (BLR), Spread and Effective Lending Rate (ELR).

To me, the most attractive rate is interbank rates- Kuala Lumpur Interbank Offer Rate (KLIBOR). I got a joke about this rate...

Actually they want to name it MIBOR for Malaysian Interbank Offer Rate, but a Chinese chap in the committee pointed out that "Bor" in Hokkien means "wife". Therefore, MIBOR could imply "my wife". As they do not wanting to give the impression that wives are traded in the Malaysian interbank money market, they decided on the term KLIBOR.

What a funny joke which I never think about before. I got this story from my Notes to The Prime Minister written by Wong Sulong. We'll never get this from the textbook...trust me~

The Banker Who Knew Too Much

Item 'TIDAK BERGUNA'

Assalamualaikum w.b.t

Post kali ini saya ingin tujukan khas kepada Kak Yaya dan Abg TG yang bakal menimang cahaya mata September ini InsyaAllah. Juga buat rakan2 yang sudi mengambil manfaat.

Ibu bapa bijak, anak mewah. Honestly speaking saya belum baca lagi buku ni tapi sempatlah intai2 masa mak tengah baca. Dikarang oleh Zaid Mohamad bermentorkan Azizi Ali. Saya telah dilatih untuk mencatat setiap perbelanjaan harian sejak dibangku sekolah lagi tapi hingga ke hari ini saya belum berjaya menjadi seorang jutawan. Setelah meneliti secara kasar beberapa halaman, saya menyedari bahawa saya telah menggunakan teknik yang salah dalam pengurusan perbelanjaan saya. Ya, ia adalah kesilapan yang besar. Saya merekodkan segala perbelanjaan tanpa menetapkan kelas setiap item. Sebagai contoh:

setiap hari saya akan catatkan;

12 hb Julai
Jam tangan- RM60.00
Makan t/hari- RM3.00
Kasut sukan- RM15.00

sepatutnya saya perlu kelaskan begini;

12 hb Julai
Jam tangan- RM60.00 [TB]
Makan t/hari- RM3.00 [KP]
Kasut sukan- RM15.00 [KP]

*TB: Tidak Berguna
*KP: Keperluan Penting

Ulasan: Makan t/hari dan kasut sukan adalah keperluan dan berbaloi dengan harga yang telah saya bayar. Namun, jam tangan berharga RM60 adalah TIDAK BERGUNA! Meskipun ia suatu keperluan namun saya masih boleh melihat masa dengan jam berharga serendah RM15.00!

Ya, penanda yang akan menyedarkan saya setiap kali keluar membeli-belah adalah 'TIDAK BERGUNA'. Saya telah mempraktikkannya bersama-sama emak saya dan ternyata ianya sangat berkesan. Setiap kali kami masuk ke kedai dan teruja melihat barangan2, kami akan berbincang terlebih dahulu kelas barangan tersebut. Keputusannya, kami telah menyebut perkataan 'TIDAK BERGUNA' kepada kebanyakan barang dan kami pulang dengan hati yang gembira. Maka kami telah berjaya merekodkan belian barangan keperluan dan tiada satu pun barangan 'TIDAK BERGUNA' yang kami beli.

Ingin juga saya kongsi formula mengenai bagaimana hendak mencipta 'Senarai Kehidupan'.

Tetapkan:

~ Objektif
~ Cita2
~ Strategi
~ Pengukuran

Ketika membuat keputusan untuk keluar membeli barangan keperluan, secara kasarnya keperluan itu diputuskan mengikut penggunaannya di rumah. Tetapi kebiasaan yang berlaku adalah kita sering membawa pulang barang2 yang bukan keperluan. Oleh itu, pastikan anda menyenaraikan segala keperluan sebelum keluar. Pastikan juga yang anda hanya akan membeli barangan yang ada dalam senarai sahaja meskipun anda merasakan barang yang anda lihat berguna untuk anda. Masukkan sahaja item tersebut kedalam senarai barangan esok hari!

Begitu juga dengan perkara2 penting dalam hidup anda. Seperti 'peta jalan' untuk mencapai cita2 kewangan yang stabil untuk keluarga anda. Seandainya anda tidak menetapkan 'peta jalan tersebut tidak mengapa. Namun, bagaimanakah anda tahu di mana anda berada dan ke mana hendak tuju?? Tanpa tetapan itu, anda mungkin bakal merosakkan 'perjalanan' anda. Anda juga akan menyedari KEPERLUAN dan KEHENDAK yang selalu menjerat wang anda.

Ingin tahu lebih lanjut? Belilah buku ini...

The Merchant of Venice: Brief Summary

Original by; William Shakespeare

Bassanio a gentleman of Venice requires 3000 ducats to pay for his travel expenses to Belmont. Bassanio wishes the money as he is seeking to wed the Heiress Portia. Bassanio turns to his good friend Antonio, who is a wealthy merchant.

Unfortunately, Antonio's money is tied up on Ships doing business. He, however has offered to be Guarantor, they attempt to borrow money from a wealthy Jew, Shylock. Shylock reluctantly agrees, but on the condition that if he doesn't pay the 3000 Ducats by three months than, Antonio has to give up a pound of his flesh, closest to the heart. They agree to the Bond.

Portia, in her home at Belmont has been visited by many suitors. From her dead fathers wishes her suitors were required to choose between a lead, silver, or a gold casket. The one who chooses the casket containing her portrait, would be her husband. No man has yet chosen the correct casket.

Jessica, the daughter of Shylock wishes to change into Christianity, against her father's will and marry the Christian Lorenzo. She runs away with him, and takes some of her father's fortune. Shylock is furious and vows revenge.

Bassanio with friend Gratiano travel to Belmont to, Portia is delighted to hear this, as he is the one she wants to marry. Before hand the prince of Morocco and the prince of Aragon had tried but failed to choose the correct casket. Bassanio takes his time in choosing the casket - he chooses the lead casket; the correct one. Gratiano, woes Nerissa, and the four prepare to be wed.

Bassanio's friends arrive with a messenger, he receives a letter from Venice, it said that Antonio's ship had not yet arrived and Shylock was demanding his pound of flesh, as the money had not been paid. Bassanio is extremely upset about this news. Portia reassures him and offers to pay any amount possible or do anything she can. The men set off back to Venice.

Portia along with Nerrissa conduct a plan to help Antonio, they tell Lorenzo and Jessica to mind the house while they wait for their husbands in a monastery. They plan to dress up as Lawyers in order to defend Antonio in court.

The two women enter the courtroom with a message that the doctor Balthasar (Portia) has being sent to replace the original doctor, Bellario. Portia begins her case with a plea for mercy, she begs him to forfeit the bond and accept three times the amount. Shylock refuses, as he wants to take his revenge on the Christains who have criticized him because he is a Jew.

Shylock:
Most learnèd judge, a sentence! Come prepare!

Portia:
Tarry a little, there is something else.
This bond doth give thee here no jot of blood;
The words expressly are "a pound of flesh."

The Merchant Of Venice Act 4, scene 1, 304–307

Portia then reads the bond and discovers that Shylock is only allowed to take one pound of Antonio's flesh. She tells him that he can take his pound of flesh on the condition that he takes exactly one pound of flesh and only flesh. No blood shall be shed. Shylock is forced to forfeit the bond, if he does go outside the conditions than he too will be punished. Since he forfeited the bond, but threatened the life on a Venetian, Shylock was forced to give up his money, half to Antonio the other half to the general state. Antonio takes pity on the Jew and declines his half of the money, he tells the court that Shylock can keep his money, but on the condition that he change into Christianity and leave his money to his daughter on his death. The Jew painfully agrees.

The men gratefully thank doctor Balthasar and her clerk, they offer them anything they desire. Portia and Nerissa both ask for Bassanio's and gratiano's rings. Reluctantly they hand it to them, as it was a present from their wives who told them never to lose it.

Portia and Nerissa return home, soon after Bassanio, Antonio, and Gratiano return with the good news. Portia and Nerrissa demand to know what happened to the rings, the men apologized and explained the situation. Portia and Nerissa show them the rings and explain that they were the two doctors.

source: http://marialou.tripod.com/summary.html

Penting 15 Oktober 2010

Bertemakan "Transformasi Ke Arah Negara Maju Berpendapatan Tinggi", bajet 2011 meletakkan RM212 bilion, angka selesa iaitu sebanyak 2.8% lebih tinggi berbanding sebelumnya (bajet 2010). Perbelanjaan negara pula diagihkan sebanyak RM162.8 bilion bagi kos operasi (pengurusan) dan Rm49.2 bilion bagi kos pembinaan.

Berikut merupakan intipati penting bajet 2011:

• pembinaan projek pembangunan bercamour termasuklah kediaman mampu milik bernilai RM10 bilion di Sungai Buloh.

• pembangunan Zon Akuakultur Bersepadu di Pitas, Sungai Telaga dan Sungai Padas di Sabah serta di Batang Ai dan Tanjung Manis di Sarawak dengan peruntukan RM252 juta.

• peruntukan RM135 juta bagi persediaan prasarana asas mengelakkan petani menceburi bidang bernilai tinggi seperti industri sarang burung walit.

• melanjutkan galakan potongan cukai berpendapatan bagi pelabur dan pengecualian cukai pendapatan bagi syarikat dalam aktiviti mengeluarkan bahan makanan sehingga 2015

• Syarikat Pelaburan Berkaitan Kerajaan (GLIC) seperti Kumpulan Wang Simpanan Pekerja (KWSP), kini boleh melabur sehingga 20% daripada jumlah aset yang diurus berbanding 7% sebelum ini

• Suruhanjaya Sekuriti (SC) akan menawarkan tiga lesen broker saham baharu kepada syarikat tempatan, asing dan usaha sama yang layak untuk meningkatkan penyertaan pasaran runcit.

• duti import kira-kira 300 barangan kegemaran pelancong dan rakyat tempatan di antara 3 dan 5 peratus dimansuhkan bagi menjadikan Malaysia syurga beli-belah.

• Dana Pencen Swasta (PDF) tahun depan untuk memberikan manfaat kepada pekerja sektor swasta dan mereka yang bekerja sendiri.

• Program Aduan Biobahan Api dengan Petroleum Diesel (Program B5) secara mandatori bermula di Ptrajaya, Kuala Lumpur, Selangor, Negeri Sembilan dan Melaka.

• pengecualian cukai jualan ke atas semua jenis telefon bimbit.

• RM850 juta bagi menyediakan infrastruktur sokongan untuk mempercepatkan pembangunan koridor dan wilayah.

• RM411 juta untuk melonjak ekonomi ke arah sebuah negara berpendapatan tinggi, aktiviti penyelidikan, pembangunan dan pengkomersilan sebagai landasan peningkatan aktiviti nilai ditambah dalam setiap bidang ekonomi.

• penubuhan Unit Inovasi Khas (UNIK) di bawah Jabatan Perdana Menteri dengan peruntukan RM71 juta bagi tahun depan untuk mengkomersilkan hasil penemuan R&D oleh universiti dan intitusi penyelidikan.

• RM200 juta untuk perolehan hasil kreatif seperti filem, drama dan dokumentari keluaran tempatan yang berkualiti tinggi.

• gaji pokok minimum pengawal keselamatan dinaikkan kepada RM500 hingga RM700 sebulan mengikut kawasan mulai Januari 2011.

• penjawat awam wanita diberi pilihan tentukan sendiri tempoh cuti bersalin bergaji penuh tidak melebihi 90 hari.

• Skim Rumah Pertamaku bantu golongan muda yang baru bekerja berpendapatan kurang daripada RM3,000 sebulan untuk memiliki rumah.

• kerajaan akan menaikkan kadar cukai perkhidmatan daripada 5% kepada 6%.

• elaun untuk JKKK, JKKKP, Tok Batin dan Pengerusi JKKK Orang Asli dinaikkan kepada RM800 sebulan.

• RM6.9 bilion diperuntukkan untuk bina infrastruktur seperti membina jalan di kawasan luar bandar.

• RM2.1 bilion diperuntukkan untuk membina dan menaik taraf jalan luar bandar di Sabah dan Sarawak selain RM696 juta bagi tujuan sama di Semenanjung Malaysia.

• Sistem Penilaian Tahap Kecekapan (PTK) dimansuhkan dan diganti dengan sistem penilaian lebih sesuai dan diterima baik penjawat awam.

• satu projek besar dirancang melibatkan pembangunan tanah Lembah Getah Malaysia seluas 2,680 ekar di Sungai Buloh.

• sistem pengangkutan MRT untuk Greater KL akan dilaksanakan bermula 2011 bertujuan meningkatkan penggunaan pengangkutan awam sehingga 40%.

• RM100 juta diperuntukkan untuk melaksanakan pogram termasuk menyelesaikan isu berkaitan hak tanah Orang Asli dansempadan penempatan.

• imbuhan guru KAFA dinaikkan daripada RM500 kepada RM800, elaun bagi imam pula dinaikkan daripada RM450 kepada RM750.
  

Development and Economic Model

Tun Dr Mahathir Mohamad was the one who open the country to foreign investment and reformed taxation. He had reduced the trade barriers and created world-class physical infrastructure. Became the nation's first Prime Minister that come from a modest social background, he formulated the Second Outline Perspective Plant (OPP2). Introduced New Development Policy (NDP) for the year 1991-2000, he also unveiled vision 2020 in 1991, the blueprint for Malaysia's journey to becoming a developed economy and a mature democracy by the year 2020.

During his time, Tun Mahathir work on various large scale national projects such as the North-South Expressway, Multimedia Super Corridor, capital city of Putrajaya, Johor's Port of Tanjung Pelepas, the Kuala Lumpur International Airport, the Bakun Dam in Sarawak, and the Petronas Towers. However, these development projects made the growth of Malaysia's economy decreased tremendously. The inefficient and failures of some of his projects has also been criticised. A very low Gross Domestic Product (GDP) of Malaysia per capita (US$7,468) compared to South Korea (US$16,450), Singapore (US$34,346) and Hong Kong (US$29,559) had attracted the United National Development Programme (UNDP) to talk about the country. The UNDP then suggested the government to work on new plan for the economic model, quoted as New Economic Model (NEM).

Today, the sixth Prime Minister of Malaysia, Datuk Seri Najib Tun Razak makes the model become a reality. Recently launched on March 30, NEM has its own target to propel from its current GDP from US$7,000 to at least US$15,000 in ten years. However, this third leg of Malaysia's reinvention, after 1 Malaysia and Government Transformation Programme has conducted to new conflicts and debated by many economic experts.

Besides of being a small economy, Malaysia has been susceptible to the positive and negative forces of globalisation. Based on economic crisis nowadays, does the policies introduced by the government are the best solution. Whether it will cure the disease or be a disaster to the nation, nobody knows. Tun Mahathir was recently mentioned that he has no confidence on the achievement to vision 2020. Of course it is hard to make others' idea become a reality but it is not impossible to be achieved.