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.

Provided our local working willing to do the job.

Can, provided there is local (at least 2-3 million in number) want to do below job

1. Harvest palm oil in plantation
2. Construction
3. Janitor, cleaner, waiter/waitress
4. Operators in manufacturing.

If not you see standstill economy, nobody collect garbage, nobody harvest the palm oil, palm oil mill need to standstill, condo with no cleaner, no new house can be built etc.

If cease hiring FW, we may see severe recession across.
We see dirty condo, shopping mall around.

Stock market may plunge as well, as manufacturing, construction standstill, so no job for air-cond room office executive, no job, then people can't buy house/car resulted in financial company cannot make a loan etc.
Don't underestimate the contribution of FW in the economy. We are talking about 2-3 million people who are productive to the whole economy.
Simply chasing them away without proper backup plan, means 2-3 millions of workforce that contribute to GDP is being chased away.

RM139k sales tax and duty??
Volkswagen Malaysia enjoy 45% profit margin?

I'm waiting RM3 

I never blogged about McD or KFC leh.

hopefully this Sulu thing will end soon and end for good...
Worst case scenario is they go Guerilla... every month send a few suicide gunners to Sabah... then Sabah will really be in chaos....
just curious... can this intrusion thingy be a valid reason to push GE past the term date ? eg end of 2013 ??

not only that.. if they hide in oil palm estates then planters will have trouble carrying out their business.. especially KLK & Willmar which are already affected  @ Lahad Datu

Our local market seems to be hype up due to the errm, "victory"?

Bank run on weak banks in Greece, Ireland, Spain and Italy will start today when the banks open. Since these banks is on fractional reserve, the bank runs could lead to more bankrupt banks, since they are not able to pay out the money and then needing more bailout and more depositor's money will be seized. 1/2 of Cyprus bank account owners are foreigner mainly from Russia. And the best thing is that the deposits are guaranteed by government.. but now no longer. 

This is similar to the great American bank run in 1930's, where depositors are desperate to take out their money from the bank, resulting in 100's of bank bankruptcy, and lots of people lost their savings.

So this little decision on Cyprus will have a big effect on the world, and I think Germany has gone nuts with this decision... not surprised they will reverse it when all the big banks in Europe start falling like dominoes. Merkel should go after the bondholders for haircut rather than the innocent depositors. But major bondholders are other banks in Europe..

Avoid European financials at all cost! 

Market opening...Euro drop 1.1% against USD and 2.2% against Yen...

Batman returns

Season for Euro worry again.

It comes and goes, never ending story......

You're anticipating a free fall real soon. 
No effect 1. PPB come rolling down on the floor

waw, u sailang   

Best of luck to u.

Now market like in "hair-cut" season. 

Don't go Tambun, it's overrated and overprice. I prefer having seafood at the island itself or usually during CNY, my family go Tg Tualang.

For those short heavily kinda belittle the power of 1Q window washing.

Good luck to Future Traders.

not panic buy but it is manipulation from u-know-who

taking turns to do manipulation.



trader look for 2ways. not only bear !

congratulation.

I cut 32 long back.