i just hate busybody colleagues..
one just came by to my place with her sneaky smile..and asked..so when are you going to melbourne?
wonder what is the hidden meaning behind her question?
yea..i know..i've been saying i wanna quit my job and leave this fucking company...
but i also have to choose my time perfectly coz leaving with almost 200k study loan debt requires proper planning.
though of coz at times i just wish i can on the spot..[which i could]..but my parents would be the torturing my life..
so i need my freedom not just from work, but also from home.
quitting to do my online biz full time, but having to stay at home in KL, doesnt solve the problem..
i need to get away from this fucking country entirely to gain my full freedom..
i guess some ppl just dont get that.
Thursday, September 25, 2008
Friday, September 12, 2008
Out of place at work ...
I often feel out of place at work...
for instance, this morning, when I came in to office ppl were talking whether they shld agree with the new retirement benefit scheme...whether the company has cheated them of their entitlement.
as for me, i just cant be bothered..coz I know I wont even wanna stay here til I retire..
so whatever benefit I can squeeze out as soon as possible is my current priority now.
money now is always better than money later.
yesterday, i went to redeem my cards points since they had special offer for staff...the petrol vouchers will expire mid next yr..so i still have plenty of time to use it, even if i had left the company.
i have also collected the vouchers for cooking gas subsidy..
should go and maximise my dental benefits for year 2008.
hmm...what else can I squeeze out of the benefits I have..
for instance, this morning, when I came in to office ppl were talking whether they shld agree with the new retirement benefit scheme...whether the company has cheated them of their entitlement.
as for me, i just cant be bothered..coz I know I wont even wanna stay here til I retire..
so whatever benefit I can squeeze out as soon as possible is my current priority now.
money now is always better than money later.
yesterday, i went to redeem my cards points since they had special offer for staff...the petrol vouchers will expire mid next yr..so i still have plenty of time to use it, even if i had left the company.
i have also collected the vouchers for cooking gas subsidy..
should go and maximise my dental benefits for year 2008.
hmm...what else can I squeeze out of the benefits I have..
Thursday, September 11, 2008
September 11
I totally forgot that its already September 11 again...
Its now 7 years later since the dreaded Sept 11 2001 that changed the world forever.
I remembered watching the tv in the middle of the night in Melbourne with my best friend at that time..looking at the planes flying through the towers... a once in a lifetime experience indeed.
Travelling now becomes more difficult.
A lot of our body's cells have probably dies after having to walk through x-ray scanners at office, airports, hotels, malls, etc.
Racism has become more evident.
When will it all end...only God knows..
But the predictions that there will be another major terrorist attack end of this year as mentioned in my past post in May...brings about unnecesary fear that it will make the economy go worst and my chances of working overseas diminishing...
Arrghh...I just hope I dont get stuck in this fucking company for long...!!!
Its now 7 years later since the dreaded Sept 11 2001 that changed the world forever.
I remembered watching the tv in the middle of the night in Melbourne with my best friend at that time..looking at the planes flying through the towers... a once in a lifetime experience indeed.
Travelling now becomes more difficult.
A lot of our body's cells have probably dies after having to walk through x-ray scanners at office, airports, hotels, malls, etc.
Racism has become more evident.
When will it all end...only God knows..
But the predictions that there will be another major terrorist attack end of this year as mentioned in my past post in May...brings about unnecesary fear that it will make the economy go worst and my chances of working overseas diminishing...
Arrghh...I just hope I dont get stuck in this fucking company for long...!!!
Monday, September 8, 2008
Malaysian Ringgit Will Be a `Washout', Institute Says (Update2)
Got this email from my colleague..
sounds good for my online biz ...but bad for when I want to travel overseas for holidays.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Sept. 4 (Bloomberg) -- Malaysia's ringgit, Southeast Asia's second-worst performer in the past three months, will be ``a washout'' in 2008 as a growing budget deficit and policy inaction on inflation turn investors away, a think tank said.
The ringgit will probably weaken to 3.5 per dollar by year end, Ariff Kareem, executive director of the Malaysian Institute of Economic Research, said in an interview in Kuala Lumpur yesterday. The partially government-funded think tank, the nation's biggest, had previously forecast the ringgit would strengthen to 3 per dollar by the end of 2008.
Prime Minister Abdullah Ahmad Badawi, facing an opposition challenge, last week said the government will hand bonuses to civil servants, double the number of households on welfare and cut income tax. The budget deficit will widen to 34.5 billion ringgit ($10.1 billion) this year, or a five-year high of 4.8 percent of gross domestic product, he forecast.
``The deficit is enormous and doesn't speak well for fiscal management,'' Ariff said. ``The ringgit is almost a washout. It's partly a verdict on how the country is being governed. This budget doesn't help, it worsens the currency position.''
The currency traded at 3.4295 against the dollar as at 2:32 p.m. in Kuala Lumpur, down from 3.3875 on Aug. 28, the day before Abdullah's budget announcement. It reached 3.4430 yesterday, the weakest since Sept. 24, 2007.
The ringgit may take another three years, instead of two, to reach its ``fair value'' of 2.8 against the U.S. currency, Ariff said.
Not Worrying
Abdullah said today the currency ``has not reached a worrying level.'' He is counting on oil prices to average $125 a barrel in 2009, unchanged from 2008, to lift revenue by 9.1 percent to 176.2 billion ringgit and narrow the budget deficit to 3.6 percent of GDP.
The ringgit slumped 4.2 percent in August, the worst month since Bank Negara Malaysia scrapped a dollar link in July 2005, amid concern opposition leader Anwar Ibrahim will grab power by Sept. 16 through defections by lawmakers from Abdullah's ruling coalition.
``Given the risks, people will re-look their portfolio holdings in Malaysia and ask if they still make sense,'' said Daniel Hui, a Hong Kong-based currency strategist at HSBC Holdings Plc, Europe's biggest lender. ``The politics is getting no better and inflation is worse.''
Malaysia's sovereign rating may be affected by political uncertainty and weakening investor perception, Ariff said.
`Obsessed'
The country's economy grew 6.3 percent in the second quarter, the slowest pace in a year. Annual growth will ease to 5.7 percent in 2008 and 5.4 percent in 2009, from 6.3 percent in 2007, the government said last week.
``We are too obsessed with growth,'' Ariff said. ``There's no way we can get back to the growth rate of the late 1980s and it's not in our interest to get back on track when we grew too fast for our own good.''
The government may be overreacting in its attempt to pump- prime the economy, depleting its resources before a further slowdown in 2009, Ariff said. The institute will probably lower its 5 percent growth forecast for 2009 at a later date, he said.
The deficit is also ``a great concern'' to the government, Abdullah told reporters in Kuala Lumpur today. ``The increase is not going to be permanent. Now, we need to spend. The people need help with the global crisis.''
Interest Rates
Measures to boost the purchasing power of consumers will ``unwittingly'' fuel inflation, while a ``laid back'' interest- rate policy will push inflation-adjusted interest rates deeper into negative territory and spur capital flight, Ariff said.
The central bank has kept its overnight policy rate at 3.5 percent in 19 straight meetings since April 2006, even as other Asian nations raised borrowing costs this year to cool soaring prices. Ariff predicts inflation will accelerate from a 26-year high of 8.5 percent in July in the months ahead.
``Local interest rates are artificially low and they are out of sync with what we see in the region,'' Ariff said. ``Some marginal adjustments are required to send the right message that we are doing something, or else the credibility issue sets in.''
sounds good for my online biz ...but bad for when I want to travel overseas for holidays.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Sept. 4 (Bloomberg) -- Malaysia's ringgit, Southeast Asia's second-worst performer in the past three months, will be ``a washout'' in 2008 as a growing budget deficit and policy inaction on inflation turn investors away, a think tank said.
The ringgit will probably weaken to 3.5 per dollar by year end, Ariff Kareem, executive director of the Malaysian Institute of Economic Research, said in an interview in Kuala Lumpur yesterday. The partially government-funded think tank, the nation's biggest, had previously forecast the ringgit would strengthen to 3 per dollar by the end of 2008.
Prime Minister Abdullah Ahmad Badawi, facing an opposition challenge, last week said the government will hand bonuses to civil servants, double the number of households on welfare and cut income tax. The budget deficit will widen to 34.5 billion ringgit ($10.1 billion) this year, or a five-year high of 4.8 percent of gross domestic product, he forecast.
``The deficit is enormous and doesn't speak well for fiscal management,'' Ariff said. ``The ringgit is almost a washout. It's partly a verdict on how the country is being governed. This budget doesn't help, it worsens the currency position.''
The currency traded at 3.4295 against the dollar as at 2:32 p.m. in Kuala Lumpur, down from 3.3875 on Aug. 28, the day before Abdullah's budget announcement. It reached 3.4430 yesterday, the weakest since Sept. 24, 2007.
The ringgit may take another three years, instead of two, to reach its ``fair value'' of 2.8 against the U.S. currency, Ariff said.
Not Worrying
Abdullah said today the currency ``has not reached a worrying level.'' He is counting on oil prices to average $125 a barrel in 2009, unchanged from 2008, to lift revenue by 9.1 percent to 176.2 billion ringgit and narrow the budget deficit to 3.6 percent of GDP.
The ringgit slumped 4.2 percent in August, the worst month since Bank Negara Malaysia scrapped a dollar link in July 2005, amid concern opposition leader Anwar Ibrahim will grab power by Sept. 16 through defections by lawmakers from Abdullah's ruling coalition.
``Given the risks, people will re-look their portfolio holdings in Malaysia and ask if they still make sense,'' said Daniel Hui, a Hong Kong-based currency strategist at HSBC Holdings Plc, Europe's biggest lender. ``The politics is getting no better and inflation is worse.''
Malaysia's sovereign rating may be affected by political uncertainty and weakening investor perception, Ariff said.
`Obsessed'
The country's economy grew 6.3 percent in the second quarter, the slowest pace in a year. Annual growth will ease to 5.7 percent in 2008 and 5.4 percent in 2009, from 6.3 percent in 2007, the government said last week.
``We are too obsessed with growth,'' Ariff said. ``There's no way we can get back to the growth rate of the late 1980s and it's not in our interest to get back on track when we grew too fast for our own good.''
The government may be overreacting in its attempt to pump- prime the economy, depleting its resources before a further slowdown in 2009, Ariff said. The institute will probably lower its 5 percent growth forecast for 2009 at a later date, he said.
The deficit is also ``a great concern'' to the government, Abdullah told reporters in Kuala Lumpur today. ``The increase is not going to be permanent. Now, we need to spend. The people need help with the global crisis.''
Interest Rates
Measures to boost the purchasing power of consumers will ``unwittingly'' fuel inflation, while a ``laid back'' interest- rate policy will push inflation-adjusted interest rates deeper into negative territory and spur capital flight, Ariff said.
The central bank has kept its overnight policy rate at 3.5 percent in 19 straight meetings since April 2006, even as other Asian nations raised borrowing costs this year to cool soaring prices. Ariff predicts inflation will accelerate from a 26-year high of 8.5 percent in July in the months ahead.
``Local interest rates are artificially low and they are out of sync with what we see in the region,'' Ariff said. ``Some marginal adjustments are required to send the right message that we are doing something, or else the credibility issue sets in.''
Subscribe to:
Posts (Atom)