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> 450m e-wallet fund; project songlap?

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@lowyat
post Jan 14 2020, 06:17 PM

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QUOTE(imperialrealcs @ Jan 14 2020, 06:16 PM)
haha, sometimes quite tiring to read and u even reply those common sense question.
kudos to u for the time
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haha... ya actually i seldom reply to kopitiam but looking at the level of these ppl, can't help but try to educate a bit

@lowyat
post Jan 14 2020, 06:18 PM

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QUOTE(sky2006 @ Dec 21 2019, 12:07 PM)
I think this whole thing was purposely setup with the idea that there would be a few percentage of the fund, could be a cool RM50M-RM80M, that would be left unutilised, would then be diverted to another purposely setup project of which can only benefit to whoever on board, in short songlap lar
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since you are so smart, i guess you too have the potential to be rich very soon
@lowyat
post Jan 14 2020, 06:19 PM

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QUOTE(msacras @ Dec 21 2019, 08:54 AM)
Budgeted 450M but not forking single cents? Nampak tak permainan mereka if it’s true, LOLOL.

But seriously, you think those e-wallets giants so dumb to use own money meh if gomen is going to pay for it?
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do you understand what is budget?

Clement1001
post Jan 14 2020, 06:20 PM

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Well its FREE money anyway, just comply the term and condition ! and off you go ~

This post has been edited by Clement1001: Jan 14 2020, 06:20 PM
frossonice
post Jan 14 2020, 06:20 PM

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QUOTE(@lowyat @ Jan 14 2020, 06:17 PM)
haha... ya actually i seldom reply to kopitiam but looking at the level of these ppl, can't help but try to educate a bit
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Some people just love being stupid. If so worry about it, they can just cash out the money and simpan dalam Tabung Haji forever.
yeezai
post Jan 14 2020, 06:22 PM

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QUOTE(msacras @ Dec 20 2019, 10:24 PM)
More like you outsource to a shadow company you setup/have cable and bill the company full RM100 despite only RM90 recipients.
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Problem is i bet 60% je redemption ..its easy to be instant millionaires
@lowyat
post Jan 14 2020, 06:25 PM

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QUOTE(frossonice @ Jan 14 2020, 06:20 PM)
Some people just love being stupid. If so worry about it, they can just cash out the money and simpan dalam Tabung Haji forever.
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ya some even don't know what can ewallet do. so seems that this initiative is working as more ppl are aware of it and might start to use it

@lowyat
post Jan 14 2020, 06:27 PM

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QUOTE(yeezai @ Jan 14 2020, 06:22 PM)
Problem is i bet 60% je redemption ..its easy to be instant millionaires
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if 60% redemption then use 60% of the 100% budget, is it so complicated? doesn't means that they must finish 100% of the budget.

710424
post Jan 14 2020, 06:28 PM

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QUOTE(msacras @ Dec 21 2019, 04:46 AM)
Few months?

Starting 15 Jan and ending 14 March, its not even 60 days... Also I doubt they will give the credit instantaneously after you enroll in. By government's standard, can get after 1 week already lcwcukur.jpg liao.

These project budgeted up to 450M, if 10% of the people/credit got burned due to the early expiry, its already a whopping 45M.
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You will get the rm30 five days after apply.

lakini80
post Jan 14 2020, 06:28 PM

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Project Bazir Duit
MAGAMan-X
post Jan 14 2020, 06:28 PM

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QUOTE(emburrar @ Dec 20 2019, 09:47 PM)
user posted image
E-Tunai Rakyat from GrabPay and TnG eWallet: users not only have to redeem the RM 30 by 14 March 2020, but they have to utilize it by the same date.

In other words, you can’t keep the RM 30 beyond 14 March for TnG eWallet or 15 March if you choose to redeem it via GrabPay. Hence, it begs the question: what would happen to the allocations that become expired or not redeemed by users?

Will they go back to the government or will these e-wallet services able to keep them around? With RM 450 million have been reserved for the E-Tunai Rakyat program, it is hard to discount the possibility that there could be some significant amount of unused allocations from the program.

We are now reaching out to the parties involved in E-Tunai Rakyat program for further clarifications. So, stay tuned.
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I am going to assume you are not familiar with the reserve
system so I will explain.

Those money does not actually exist yet, they can claim to give you however much money as you want without actually having that money (this is how the banks do it BTW). They only need to guarantee that the money is available for redemption once taken. After that it's just a simple matter of playing with the numbers (ie using someone else's credit top up to pay for your credit)

This is how broadband bandwidth works as well. Unifi does not have 500 Mbps * Unifi subscriber bandwidth because not everyone will use all the bandwidth at the same time. They just need to provide you that bandwidth when you need it. Same method is used with Google Drive, Dropbox etc.
710424
post Jan 14 2020, 06:29 PM

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QUOTE(msacras @ Dec 21 2019, 04:46 AM)
Few months?

Starting 15 Jan and ending 14 March, its not even 60 days... Also I doubt they will give the credit instantaneously after you enroll in. By government's standard, can get after 1 week already lcwcukur.jpg liao.

These project budgeted up to 450M, if 10% of the people/credit got burned due to the early expiry, its already a whopping 45M.
*
You will get the rm30 five days after apply.

MAGAMan-X
post Jan 14 2020, 06:31 PM

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Forgot to add my 2 bit. This ewallet thing will artificially inflate the money supply and cause some serious inflation. All in the name of giving a fake GDP growth for the existing govt to stay in power. Msians are much too short sighted.

Mark my words.
@lowyat
post Jan 14 2020, 06:34 PM

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QUOTE(MAGAMan-X @ Jan 14 2020, 06:31 PM)
Forgot to add my 2 bit. This ewallet thing will artificially inflate the money supply and cause some serious inflation. All in the name of giving a fake GDP growth for the existing govt to stay in power. Msians are much too short sighted.

Mark my words.
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It's not only in Malaysia but ewallet is the future, either you do it now or later.

@lowyat
post Jan 14 2020, 06:36 PM

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QUOTE(lakini80 @ Jan 14 2020, 06:28 PM)
Project Bazir Duit
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why? the purpose is to get more ppl to use ewallet, and i think it's working very good now, since the ewallet registration now is basically jammed up by all the new users trying to register and verify their accounts

yeezai
post Jan 14 2020, 07:00 PM

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QUOTE(@lowyat @ Jan 14 2020, 06:27 PM)
if 60% redemption then use 60% of the 100% budget, is it so complicated? doesn't means that they must finish 100% of the budget.
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Got audit or not ? Govt needs to be transparent
SUSchickenshit36
post Jan 14 2020, 07:03 PM

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Look at it this way... government use 500m for this.
If we all spend it, means 500m goes into the economy. Indirectly means government spent 500m to stimulate the economy.
MAGAMan-X
post Jan 14 2020, 07:06 PM

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QUOTE(@lowyat @ Jan 14 2020, 06:34 PM)
It's not only in Malaysia but ewallet is the future, either you do it now or later.
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Then prepare to see your RM value tank then.
XxSupaNovaxX
post Jan 14 2020, 07:28 PM

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QUOTE(pisces88 @ Dec 20 2019, 09:52 PM)
The company gives u rm100 to distribute to colleagues who come to redeem.

After everyone redeem, left rm10. In normal conditions, obviously company will ask u how much is left. Then balance take back. Susah sangat nak faham? Tak kan u assume any balance will belong to urself?
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Then if i said all rm100 fully utilized, its ok lah?
Even if its not

LOL get ur brain spinning bruh
pisces88
post Jan 14 2020, 07:40 PM

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QUOTE(XxSupaNovaxX @ Jan 14 2020, 07:28 PM)
Then if i said all rm100 fully utilized, its ok lah?
Even if its not

LOL get ur brain spinning bruh
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Yes its ok , show all the ic that redeem lo. U think so easy can do fake redemption meh. So full of conspiracy lol

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