We may have extra billions of RM outflow due to min wages.

The one most beneficier is foreign worker, getting payrise of Rm100-200 at least.
We have estimated 3 million foreign worker.
So with min wages extra Rm600 million need to be paid to foreign worker.
Most foreign workers will send back their wages to their homeland one, which the money may not be consumed locally at all, no benefit to the overall local economy.

End result of poor implementation,
general public face inflation wave, while foreign workers happily sending more money home,
while some SME that labour cost consist large part of operation cost one may need to close down.



This post has been edited by cherroy: Feb 22 2013, 02:42 PM

maybulk just up 4%, just realised that

after lunch, nobody is here already.

This post has been edited by foofoosasa: Feb 22 2013, 03:07 PM

Any election announcement today? or after 5pm ?

hmm... forum so quiet
let's make a bet if parliament will be dissolved today
i am the banker
who wanna bet?

True, our country scenario is total opposite of China. AFAIK China implemented minimum wages (For most district) and this move will benefit their own country worker

Wow portfolio all green, rare for me!

Caught Carlsberg at good timing yesterday.

Today added new dividend player into portfolio, 7231.

Wellcall, good div company! Reminds me a lot of Uchitech in terms of dividend. But Wellcall going stronger compared to Uchi.

so the up 8 pts delayed until today.
announce GE this weekends? only time will tell.

Closed at 3.20. Dividend date not yet announced but already priced in

Congratz Moppy on your cookie monstaaaaarrrr!

===

Making a wish, wish Carlsberg whole year dividend has 70c.

Both also Taiwanese based company. I like Wellcall over Uchitec too.

Have you got yout TM at 5.15?

This post has been edited by panasonic88: Feb 22 2013, 04:55 PM

Is this a pre-election rally?

Nope, as always I talk more than my action

But normally if I want to get, I got no problem paying more for it. As I always do...

If minimum wage is the same for locals and foreign workers, is it worthwhile to hire foreign workers? Bosses should now think twice. Not long ago, oil palm estate workers are mainly Indians. Then, the government quietly let in Indonesian workers who agrees to work for low pay. With this the Indians are displaced and have lead to a lot of problems e.g. Hindraft etc.

This post has been edited by Oracles99: Feb 22 2013, 07:54 PM

Dlady green also?

Wah in buying spree?

All you need to do is just plant a C4 somewhere and detonate it..

The nearer to Bursa Malaysia the better.
Guarantee drop 100 points once u detonate. If you over detonate until the tower come down, another bonus 300 point down for u

Too bad, I have not guts to do so.
?
Patience while waiting lo. Become a silent market spectacular.probably duriing 911 people also using this tactics to make money. Who knows

Haha.. Who knows.. God knows.. And yes, I would say some/many millionaires comes from that event.

If that is the case, is it the best time to purge all the foreign workers away

their number is too large and it makes me feel uncomfortable / safe staying in Malaysia.

Provided our local working willing to do the job.