Ayoyo…Mat Monggol kata doktor punya gaji tarak cukup..
Tapi doktor pulak kata, ‘Kami selesa dan seronok berkhidmat dengan IJN. Penjualan IJN kepada Sime Darby tiadak kena mengena dengan gaji kami. Jangan babitkan gaji kami dan penjualan IJN.’
Aik…sapa yang tak cukup duit ni?
Mat Monggol kah, doktor-doktor IJN kah?
Ataupon Bik Mama tak cukup duit nak top-up botox?
*Watak-watak diatas adalah dicelup dari tukartiub.
Nobody say it was easy really, as those who live in this world in the first place had already struggled to make themselves being the chosen one to penetrate the egg. I wonder, how on earth the zillions of innocent smallest creatures in man’s body can be so competitive among themselves at the beginning of creation, but later, in the real world, we (who each of us is the champ in the amazing race) were told to tolerate with others, to love our neighbours, to be selfless instead of being selfish, and not to be greed.
Understandably, the competition is very intense, as the remaining zillions but one that didn’t manage to be the first to enter the precious egg, which is very scarce as only one will be produced in each cycle, will eventually die.
But truly said, what an amazing race that we had endured and experienced, and looking at the future, what lies ahead is just a small obstacle that should not let us down.
Ganbate
Another apocapitalisto by de Bladi Gubermen
Oh God, if this issue was raised in my Current Economic Problems essay exam during my uni days, 3 hours may not seem to be ample enough.
1) This is a problem of developing countries capitalism, which nowadays prevalently can be seen happening in our beloved nation. Free market or capitalism or laissers faire by default will always have problems, especially when market cannot correctly determine the price of goods efficiently by neglecting the marginal benefit or cost of an economic activity to the society. This is a very classic game of public goods externalities.
When free market should provide the best price to the consumer by the means of competition, peculiar in Malaysia, privatisation was done rampantly (reason being: to give doctors the best remuneration) but at the same time, monopolistic market is allowed to prevail(case in hand: the bloody shoddy proton). It is counter intuitive to see that on one hand, privatisation should make things more efficient, but on the other hand, the monopolistic power that the privatised company had, had rape and screwed the people to its glory.
It does not come to my surprise that when de Bladi Gubermen can spend billions of Ringgit on Monsoon Cup, Kristal Mosque, Youth Football Cup and gratuity payment to ex-judges, it is so stingy in paying the best rates to the doctors in IJN. After all, IJN is already an incorporated hospital, so why bother privatising it?
If we take hospital as a public goods in its literal term, output (here as the number of patients treated) will always be underproduced in free market as the producer (in this case Sime Darby) will fail to realised the marginal benefit that the hospital can produced to the greater part of the society, hence will treat lesser number of patients as compared to the optimal output when it is operated by the government. The failure of the capitalist to realise the marginal benefit to the society in monetary terms and rewards will again result in underproduction of output, as the capitalist now will restrict output to the point when the marginal cost would equal to the marginal benefit, where the highest profit could be obtained (standard industrial economics 101) .
2) Yes, I must admit that Najib said yesterday that the poor wouldn’t be ignored as specific measures can be taken so that IJN, which is then owned by Sime Darby, will not marginalise poor folks. The measure is again counter-intuitive. In the first place, the most basic reason for a company venturing into a business is to make money. Same case here, reason for Sime Darby entering into health sector: MONEY. So, what kind of measures that Wak Monggol was saying? Put policies and procedures to the doctors as to treat patient indifferently? Pressure the Board of Directors to retain the current level of service to the poor when their KPI is based on Dollar and cent?
Hmmm, looking at the low level of wisdom that this shortsighted government had, the most viable measures that I could think of as for now is again for the government to subsidise the medical cost of the poor who are treated at IJN. As what we had seen in the RM625 rebate, PLUS, LDP, Penang Bridge, IPP contract, Malaysia Airlines, KLIA, ERL, LRT, and Rapid to name a few, this measure does not really work. Billions of subsidy is being pump in to the companies, but again, people still feel being cheated. RM1 billion annual subsidy to KLIA? The complete sham WAU projects for MAS? Government guaranteed Prasarana Bonds for LRT? Billions of profit by PLUS? Wasted IPP unutilised power capacity?
As mentioned previously in this blog, doing business in Malaysia is pretty easy. Take the example of LRT project. At first it was owned by a company called XXX. Later, feeling the pinch on the profit due to high operational cost, the facility was then sold to the government at a large capital gain accrued to the company. The government later on, sold its Prasarana Bond to fund this facility acquisition. And later the strange thing is, the government leased the operation of the LRT back to the same f*cking company. The company will then on annual basis claim their operation and service fee from the government for managing the service (surely at profit) and the debt for the facilities is now owned by the people of Malaysia. What a nice way of making money in Malaysia.
The same story goes to Puspakom, where its monopoly was extended for another 5 years because the company had incurred RM13million investment in setting up inspection centre in Sabah. And the company’s profit for FYE07/08 is RM18m.
The same story goes to the double tracking project. Once quoted by one locally incorporated at RM7b, but when the tender was opened, the cost drastically reduced to only RM5b.
Looking at these wasted subsidies given to the cronies, I wonder why people do not asked the basic question to the government. WHY THE GOVERMENT IN THE FIRST PLACE DO NOT OPERATE OR AT LEAST CLOSELY MANAGE THE FACILITIES?
While the notion of ‘privatisation will improve efficiency’ might be correct in another countries, peculiar in Malaysia, this simply doesn’t work. It ends up with greater wastages.
For a Malay bourjois might say, "What the heck, at least Sime Darby is owned by PNB. The return from the investment will go back to the people. So why should you care?"
Correct, it will go back to the people, but exclusively to those who have capital in ASB, ASN and what not. And for the marhain , what is left is a slow/quick death while queuing for their turn at Hospital Sik, Kedah……
De Bladiguberment has gone berserk..let’s oust deBladiGubermen out in the next election
They don’t really care about the people. Seriously yes. They would rather see people suffer, as long as they are making gains.
Latest, deBladiGubermen will gain a windfall of RM16m per day by arbitraging fuel with the people. The supposed to be RM1.30 RON97 are sold to the people at RM1.90. Simply a risk free profit of RM0.60 per liter.
Reason being for not reducing the price further, to avoid any unnecessary losses to the petrol stations. This is a very stupid reason to stupidise the people of Malaysia.
When deBladiGubermen can take all the hassles to give annual outright payment of RM625 and RM150 to car and motorcycle owners respectively and contracted Pos Malaysia (which is coincidentally owned by ECM, which further coincidentally owned by the son-in-law of Somebody) as a sole monopolist in distributing the payment with 5% commission of each payment made, the reason given by the minister responsibled for fuel matters is indeed lousy.
Obviously another mechanisme can be implemented to allow deBladiGubermen to repay the loss made by the petrol stations due to the change in the fuel price.
First, the most simple solution that the deBladiGubermen could undertake is to make the announcement way in advance, say 2 days before the new price take place. Very unlike the current practice, the retailers can then forecast their normal inventory needs for the next two days, so as to minimise the inventory level (which was bought at a higher price) when the new lower price takes effect, say at 12 p.m, 2 days later. Yes, I must admit, that the sales for those two days might be lower as people might just wait for the new price. But the question is, how lower the demand could be anyway, when those who run out of fuel in the middle of nowhere will obviously fill their tank at whatever price quoted to him/her, as what we had seen during the RM2.78 regime. When people can still afford and buy fuel which is 40% or RM0.80 more expensive few months back due to its inelasticity in demand, what is 2 days of no car just for the sake of pocketing extra RM0.20/liter..
Certainly another mechanisme can be set as to compensate the retailers due to the change in price. And to elaborate the operational matter (i.e. ensuring enough supply of fuel between those 2 days, replenishment prices etc) in details really is not my job here, but surely deBladiGubermen could have done something about that, considering the efficiency in the way that deBladiGubermen handled the RM625 and RM150 rebates. Maybe deBladiGubermen could again contracted Pos Malaysia to distribute the reimbursement to the retailers.
Secondly, as proposed by DAP, deBladiGubermen could allow the fuel price fluctuate and be determined by the retailers as per practised in many countries but Malaysia, and put a ceiling on the float. Apart from the competition that will contribute to peoples’ welfare, this will effectively eliminate the inefficiency that involved in the current practice where deBladiGubermen set the fuel price, and rake the RM0.60 arbitrage profit made out of peoples’ misery.
I know for sure the reasons on why deBladiGubermen is so reluctant in reducing the price further, despite the assurance by the PM before the election that RM0.30 fuel subsidies stays, regardless of whatever price quoted by the market for oil. The inconvenient truth is the assurance has reciprocated, and now the people are giving RM0.60 per liter to deBladiGubermen instead of deBladiGubermen giving RM0.30 subsidy to the people. I am very not sure that the assurance given by the PM prior to the election has a caveat stating that ‘when crude oil increases, deBladiGubermen will subsidise people, and whenever it drops the people have to reciprocate the subsidy by giving it back to deBladiGubermen’. Have you seen this caveat?
Back on the reasons on why deBladiGubermen is so reluctant. I have been writing this for so many times I am sure, for you might think that I am replaying the same track over and over. DeBladiGubermen had made a mother of all mistake in their budget:Over-estimation of income by assuming price of crude oil remains around USD125, hence Petronas can give higher dividend next year.
Due to this over-estimation, deBladiGubermen is scrapping any single cent that it could grab as to fund their operation.
And the most pity thing is, when the price increased by 40%, not any single minister voiced out any concerns on the quite a number of retailers which after the ad-hoc announcement by the PM declined to sell fuel on the reason of runnning out of fuel stock, but immediately after 12p.m. when the new higher price took effect, all of the sudden the same fuel came back, and it was sold at RM2.78 per liter.
Imagining this fuel game as a zero-sum game, during the first round, people lose money while some retailers gain. On the second round, people again lose money, but now deBladiGubermen won.
This bloody corrupted capitalist practices have to stop, and people must rule and share the national wealth , not being ruled and forbidden from enjoying the small bequest of reduction in fuel price, which will ultimately affect other goods’ prices.
EPF reported 60.4% drop in its investment income in the 3 month through Sept 08 compared to the previous corresponding quarter.
Major reasons:
1) Provision of allowances of RM2.29 billion for diminution in value of equity investment
2) A decline in equity income by RM1.28 billion
In total, equity contributed RM3.57 billion to the reduction in income to EPF.
With respect to the recent injection of fund to ValueCap by EPF, which amounts to RM5b, this quarter’s result has clearly showed its early warning signals on further deterioration of investment value due to the volatile adverse market condition.
It is very hard to conceive EPF’s claim that they maintain low-risk profile investment, when 23.4% of peoples’ hard earned savings are invested in equity.
For those who might wonder on how big these ‘billion’ figures are, to better appreciate the difference between million and billion, please follow this analogy.
Say, it takes one second (1/60 minute) to earn RM1.
To produce RM60, it takes a person one full minute.
To produce RM1 million (RM1,000,000), time needed is 1,000,000 seconds, which is equivalent to 11.6 days.
And RM1 billion (RM1,000,000,000) takes 11,574 days to produce, which is equivalent to 31.7 years.
11.6 days and 31.7 years, you tell me the differential magnitude!!!
Proton will fade away in no time…
For readers who had the same problem as mine, I had done some favour for you. What you need to do is only to CTRL+C this letter, open microsoft words, and CTRL+V it. As simple as that.
En. Mohamad Shukor Bin Ibrahim,
Director of Domestic Sales,
Proton Edar Sdn Bhd,
Centre of Excellence Complex,
KM33.8 Westbound Shah Alam Expressway,
47600 Subang Jaya,
Selangor.
________________________________________________________________________
XXXXX
XXXXXX
XXXXXXXX
50480 Kuala Lumpur
Dear Sir,
i) Request for Refund of Booking Fee, and
ii) Complaints on Proton’s car quality.
The attached car booking receipt (Booking ID: 100472432) refers.
2) On 20th August 2008, I booked a Persona SE on your website, and the booking fee for the Persona SE was subsequently paid through your online website service. However, after waiting for almost three month for the said car and after reading Proton’s memo to your dealers with regard to the production plant hiccups in meeting the demand for the said car, I decided to change my booking to Gen2 CPS.
3) Your branch in Jalan Ampang, after being notified on my change of order then issued a vehicle invoice (attached with invoice no: 91410005) for the Gen2CPS car amounting to RM57,488.00, of which RM2,198.50 was due from me, and the remaining amount was due from my employer, Bank XXX. For the record, both payments were already paid to your Jln Ampang dealer.
4) Prior to the invoice, I had advanced the car booking receipt to your dealer indicating that I had already paid RM500.00 for the booking fee and the paid booking fee should be deducted from the invoice. However, due to your internal online system inefficiency and the negligence of your Jln Ampang branch, the RM500.00 booking fee was not deducted from the invoice.
5) It is very disappointing to know that there are quite a number of buyers out there who are facing the same problem of retrieving their online booking fee and without us exacerbating this matter further to the press, I hope Proton Edar could repay back the booking fee as soon as possible.When online payment should make our life easier, Proton Edar inefficiency had given me a lot of hassle.
6) In addition, it really is disheartening to realise that the back wiper of the Gen2 CPS is not working on the very second day of using the car, and the rubber bands surrounding the door started peeling off by itself one by one, with Proton Service Center claiming this as a normal wear and tear, hence not covered by your infamous 5-year Proton warranty.
Yours truly,
___________________________
(XXXXXXX)
Cc. to:
1) Mr. Low Yuan Lung
Proton Edar Jln Ampang,
No.203 Jalan Ampang
50450 Kuala Lumpur
2) Syed Zainal Abidin Tahir,
Chief Executive Officer,
Proton Holdings Berhad,
HICOM Industrial Estate
Batu Tiga
40000 Shah Alam
Selangor Darul Ehsan
