Unfortunately Malaysian culture has it's warlords mentality whereby the rakyat are the hambas and the warlords are the ummm LORDS.
Therefore, for warlords to enrich themselves at the cost of the rakyat is their right.
So everyone wants to be a warlord.
With warlords, Trust, Transparency, Meritocracy is non vocab.

Assuming that is the truth it is only 2trillion in myr terms less than 480 billion usd

1.5 trillion is not creative  because when PH took over the debt went up close to 1trillion in 2018 so 500 billion in 4 years not suprising because LGE is still unable to lower debt due to leakages caused by Kuti itself 🤦‍♀️

Remember 1.5trillion is not creative from Anwar as he to disclose in the upcoming budget and this only what was being reported debt god know how’s many undisclosed and hidden debts still lying around as 2 ministries are already identified as the most from AG report

was trying hard not to comment about this because not related to EPF.

But in all seriousness, if we are talking about leakages due to corruptions etc since 1970s, no way it is 50 billion usd. Do we really think all leakages are just in the order of 1 billion usd range per year (present value based on 2022)?

Just for fun... there was a certain politician who in the national arena was not the biggest politician, but in charge of KL... networth of 1 billion ringgit and this is after all the spendings and I am very sure, doesn't include everything.

that is one chap. and we still think 50 billion usd is the right number?

ps: obviously I don't know whats the real number.. that's the sad part.

Did you just add in this 1mdn or just narrow down to just this 1mdb to justify your "only max 50 billion usd" value?

Guys until now I do not see any incoming EPF for Jan 2023 in my account...should I be worried?

Usually won't have any updates in your epf account early of the year until after dividends are declared and credited into your account.

Oiiiiiiiiiiiiiii

10% we do that together. 

Let's go. i will dangle me 10oz Roo 

Its comforting to know that most of you think it will be above 5pct.

A friend of mine predicted 4.75 to 5pct max.

Honestly I will still be very happy with a 5.

 

Anyone proposing tiered dividends should be stripped and gantung till they REPENT.
I say. lowyat only batangs arh???

No wonder you are miserable dude. Hope you like the socialist cap.
What abuse?  These people have been saving for decades in the EPF.  Just because their amounts are bigger than yours?

Most politicians have more wealth outside of their EPF. How is this going to affect them? It only affects their vote count by executing a populist move.

Zafrul tried to implement this? Tax on foreign derived income coming back to Msia?
Guess the rich cronies stopped him in his tracks. 

Haha i see what you did there. That fella will be fuming when one disturb his overseas money. Houlier than thou attitude.

Morning Bro
This. When was this? Not seen this bit.  :confused:

Wah.. still arguing on tiered dividen ah? Simple la. Rm100 get full dividen and the rest all becomes negative la. Everybody kena. The negative one give gov to give subsidy (after masuk pocket 80%). Happy?

The point of epf is retirement fund. It's up to each how they want to do it. If you do not have financial education then it is not the fault of those who does. What good is it to punish the financially educated ppl? They put more to earn more.. so? Dividend return is icing. Even if kwsp gives 2.75% (min) ppl will still have to put in and accumulate. Even if kwsp give 1% ppl will still have to put in coz it's a retirement plan. Just the rich will go elsewhere. And the dividend is from profit of investment. They don't rob anybody. Why do ppl want to rob them for being financially educated?

You want durian you plant durian tree. When other ppl durian tree grow fruits and they enjoy durian you tell them every durian you eat must donate half to ppl without durian tree? I think most will grow other places and kill/move the tree lo. Teach them how to plant thier own la robinhood.

The difference is not how much money one has. It is what they know. The difference between rich and poor is only financial education and the discipline to follow a plan. You can give them 1 mil and they will ended up in the same place after 10 years. Look at the epf withdrawal you also know la. Is it the rich withdraw? Why they no withdraw? What's the point of epf if you can just dip your hands in anytime there is a "crisis"? Where is thier "emergency fund"? Where is thier investment fund? Where is thier asset? If you learnt anything these 3 basic should have what. Don't want to do? Wanna "enjoy" now? Like that lo. Like i said, why punish the educated and disciplined ppl? Don't understand lo.

My amount is too small for the trouble it's not even ten of thousand of dollars. But I know they are desperate.

I will reply to you about the my portfolio. Yes. Stuff like crowdstirke, Airbnb, Tesla, Microsoft, Google.
And I also take opportunity to load up the boat on some stocks like Google, Tesla, amd. Microsoft, Canadian national railway, Adobe, datadog, crowdstrike, visa, Airbnb.

Some have recovered like Adobe. I was buying in the 270-280 range.
Canadian railway also, I was buying in the 10x-110 range. Visa also recovered. I was buying in the 180-190 range.

Too bad it's shortlived.

People give you discount take. I still have cash leftover in case another dip happens. All my limit are order are still enforce and they are GTC. I have also slowly replenish my cash via options and salary. I waiting for the cow to come home for upcoming crash. Lol. I don't think crash is coming this year. I think next year. Cause if everyone ready for crash, it won't come.