Malaysia 04 (Jun 16 - Apr 20)

Re: Malaysia 04 (Jun 16 - Dec 19)

Postby behappyalways » Sat Sep 21, 2019 1:31 pm

Dr M downplays Azmin’s presence at Bersatu event
https://www.youtube.com/watch?v=5Toe1KZGY3I
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Re: Malaysia 04 (Jun 16 - Dec 19)

Postby behappyalways » Sat Sep 28, 2019 11:21 pm

It’s the economy, bodoh!
Young Malaysians have big economic worries—and growing political clout
The government is allowing 18-21-year-olds to vote for the first time

SITTING IN THE buzzing plaza at the heart of Sunway University near Kuala Lumpur, Malaysia’s capital, representatives from online job platforms await students. Many are youngsters themselves, ready to dispense friendly advice about buffing up CVs.

So far the documents passed to them have been uninspiring. One reckons candidates would fare better if their schooling had taught them more practical skills, such as how to craft a job application. Employers are also looking for fluent English-speakers, he notes.

Malaysian youths are in need of such advice. The overall unemployment rate is around 3%, but among those aged 15-24 it is over 10%. Young people frequently relocate in the hunt for a job. “The number one export of Perak isn’t pomelos or rice, it’s talent,” laments Howard Lee, a young politician from the relatively sleepy, fast-ageing state.

The Muslim Youth Movement of Malaysia estimates that perhaps half of youngsters in rural states leave for the bright lights of big cities.

Moving is not a guarantee of employment, however. Even those who relocate are often short of work. According to the central bank, more than 173,000 holders of tertiary qualifications entered the workforce between 2010 and 2017. But fewer than 99,000 high-skilled jobs were created during the same period.

A sales representative for a telemarketing firm in Kuala Lumpur, who moved there from Perak, complains that he has to work as a driver for a ride-hailing platform at weekends to make ends meet.

The good news for young Malaysians is that their political clout is growing. In July the government lowered the voting age from 21 to 18. That change, combined with the relative youthfulness of Malaysia’s population and the relatively lengthy period—five years—between elections, means that by the time of the next election, due to be held in 2023, almost 8m people will be eligible to vote for the first time.

There were only 15m eligible voters at the most recent election, last year, so the new cohort will constitute well over a third of the electorate. Understanding their concerns will be essential for political success.

This new cohort may prove a tricky bunch to please. Young people find politics comic, says one teenager. “It isn’t taken seriously and that needs to change.” An ambiguous survey conducted after last year’s election by the Merdeka Centre, a polling outfit, gives an inkling of young voters’ mixed feelings.

Only about 65% of those aged between 21 and 30 thought the country was going in the right direction, but 92% were satisfied with the victory of Pakatan Harapan (PH), the coalition that is now in office.

The government is trying to cater to the concerns of the young. Saddiq Abdul Rahman, the minister of youth and sports, who is in his twenties himself, championed the lowering of the voting age. He has also pushed to raise the minimum monthly wage for interns from 300 ringgit ($72) to 900 ringgit and to streamline the provision of vocational training to youngsters (no fewer than six ministries are currently involved).

“If we fail to deliver on the basic needs of the young populace then you’re bound to create a vacuum which will be filled by demagogues,” he argues.

That is quite possible. Malaysia’s politics has long revolved around racial and religious divisions, as any greying citizen will attest. The country’s three main ethnic groups—Malays, Chinese and Indians—tend to vote for parties which claim to represent their respective interests.

“I think the divide is more pronounced among the older generations,” explains one student. Certainly PH, which is not as ethnically minded as the previous ruling coalition, seems to have attracted a disproportionate share of the youth vote. There are vocal campaigns, spearheaded by younger voters, for greater rights for women and greater sexual freedom, which go against the grain of religious and ethnic politics.

But such concerns seem to pale in comparison to worries about earning a living. Then again, if economic anxiety begins to trump identity politics, that would also mark a dramatic shift.

Source: The Economist
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Re: Malaysia 04 (Jun 16 - Dec 19)

Postby behappyalways » Sun Sep 29, 2019 1:20 pm

Mahathir and Anwar reach agreement on handover of premiership, says Syed Husin
https://www.youtube.com/watch?v=UdfXRKnwIGE
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Re: Malaysia 04 (Jun 16 - Dec 19)

Postby behappyalways » Thu Oct 10, 2019 5:59 pm

Anwar: There is a written agreement on PM succession
https://www.youtube.com/watch?v=pqM4IqsykT8


They're all cowards: Left in the lurch, Utusan staff slam management
https://www.youtube.com/watch?v=MLul9nbE5cg
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Re: Malaysia 04 (Jun 16 - Dec 19)

Postby behappyalways » Fri Oct 11, 2019 4:58 pm

八点最热报 09/10/2019 《前锋报》倒闭全因巫统?
https://www.youtube.com/watch?v=duXsXOgA048


behappyalways wrote:Anwar: There is a written agreement on PM succession
https://www.youtube.com/watch?v=pqM4IqsykT8


They're all cowards: Left in the lurch, Utusan staff slam management
https://www.youtube.com/watch?v=MLul9nbE5cg
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Re: Malaysia 04 (Jun 16 - Dec 19)

Postby winston » Sat Oct 12, 2019 8:02 am

Highlights of Budget 2020 proposals

Highlights of Budget 2020 proposals

* GST will not be reintroduced

* New personal income band for taxable income in excess of RM2mil to be taxed at 30% from 28%.

* Increase in tax relief to RM6,000 for medical expenses including fertility treatment.

* Go-ahead for Bandar Malaysia Project which involves 486 acres at Sungai Besi after negotiating better terms for Government.

* 10-year tax exemption for electronics sector than shifts towards n5G and Industry 4.0.

* Bandar Malaysia project to include a People’s Park, additional 5,000 affordable homes and greater Bumiputera participation. Proceeds from the project will be valued and announced in due course to reduce 1MDB debts.

* Prime Minister’s Vision 2020 of Malaysia becoming a high-income nation was derailed due to the shameless turning of Malaysia into a global kleptocracy and involved a total of over RM150 billion.

* The Government is committed to paying off all borrowings and obligations inherited from the previous regime. For 2019, the Government is paying RM2.4 billion to service the debt interest of in 2019 and RM2.7 billion in 2020 for 1Malaysia Development Berhad (1MDB) and SRC International.

* The Government reduced overall debt and liabilities ratio to GDP from 79.3% in 2017 to 75.4% in 2018. However the figure is expected to rise to 77.1% as at end June 2019.

* The Government was successful in reducing country's overall debt and liabilities ratio to GDP from 79.3% in 2017 to 75.4% in 2018. However the figure is expected to rise to 77.1% as at end June 2019.

* As at end-September 2019, the Government repaid GST refunds amounting to RM15.9 billion to more than 78,000 companies.

* Income tax refunds amounting to RM13.6 billion have been returned to 448,000 companies and 184,000 taxpayers.

* As for RPGT, for the disposal of properties more than five years, the base year of acquisition has been recised from Jan 1 2000 to Jan 2003.

* To reduce supply overhang of condominiums, apartments of RM8.3b, govt will lower threshold on high rise property prices in urban areas for foreign ownership from RM1m to RM600,000 in 2020.

*Government and financial institution to introduce Rent-To-Own (RTO) financing scheme. Up to RM10bil will be provided by the financial institutions. This RTO scheme is for purchase of first home up to RM500,000 property price.

* Government allocates RM100mil to Penang for the development of a cable car up Penang Hill

* Government agreed to move from mechanism-based Power Purchase Agreement (PPA) to an open market system

* Government to provide investment packages of RM1b a yr for 5 yrs to attract Fortune 500 firm in hi-tech, manufacturing, creative, economic sectors

* Digital Service Tax tax will come into effect Jan 1. This is expected to affect services like Netflix and Spotify, digital advertising offered by Google, and also digital software and games distribution companies such as Steam.

* Companies implementing solar leasing activities can get income tax exemption of 70% for up to 10 years

* Government will extend the Green Investment Tax Allowance (GITA), Green Income Tax Exemption (GITE) to 2030

* Government has agreed to move from mechanism-based Power Purchase Agreement (PPA) to an open market system. Renewable energy players will be able to compete directly in the retail market

* Budget has four thrusts including boosting economic growth in new economy and digital era, investing in people

* Government has no intention to reintroduce GST

* Broadband prices have been lowered by 49 pct, triggered a shift in consumer demand for faster internet connections

* Government to introduce a 5G Ecosystem Development Grant worth RM50mil

* RM210mil earmarked to accelerate deployment of new digital infrastructure for public buildings such as schools, industrial parks

* National Fiberisation and Connectivity Plan will adopt public-private partnership approach involving total investment of RM21.6bil

* The government will provide special investment incentives packages worth up to RM1bil a year for five years to attract Fortune 500 companies and “global unicorns” in the high tech, manufacturing, creative and economic sectors.

* The government will also offer special investment incentives packages worth up to RM1bil a year for five years to local companies that would be able to penetrate the world market.

* The government will also allocate RM50mil for the development of a 100-acre site known as the Kota Perdana Special Border Economic Zone in Bukit Kayu Hitam in Kedah.

* To get Malaysians to become used to making digital payments through e-wallets, the government will credit RM30 into the e-wallet of every Malaysian who are 18 and above and earn less than RM100,000 a year.

* The RM30 will be credited on Jan 1 and will be valid for two months. Khazanah Nasional is given RM450mil to achieve this.

* To support bumiputera entrepreneurship development, RM445mil will be allocated to improve access to financing, business premises preparation, and entrepreneurial training.

Source: The Star

https://www.thestar.com.my/business/bus ... FcGZOOD.99
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Re: Malaysia 04 (Jun 16 - Dec 19)

Postby behappyalways » Fri Nov 01, 2019 7:17 pm

八点最热报 29/10/2019 敦马安华交接 权斗大戏12月份迎高潮?
https://www.youtube.com/watch?v=jmdCStxbc2g
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Re: Malaysia 04 (Jun 16 - Dec 20)

Postby behappyalways » Fri Nov 08, 2019 5:23 pm

Mahathir won’t step down in 2020, says he is the only man for the job right now
https://mothership.sg/2019/11/mahathir-step-down-2020/
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Re: Malaysia 04 (Jun 16 - Dec 20)

Postby behappyalways » Sun Nov 10, 2019 5:21 pm

Dr Mahathir still de facto finance minister — IDEAS
https://www.theedgemarkets.com/article/ ... -minister-—-ideas
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Re: Malaysia 04 (Jun 16 - Dec 20)

Postby behappyalways » Tue Nov 19, 2019 5:08 pm

PM stops press conference because of nose-bleed, aide says he’s fine
https://www.youtube.com/watch?v=ahoZsUV8CCY


Azmin's BN MP meet-up to be discussed in bureau meeting tomorrow, says PKR comm chief
https://www.youtube.com/watch?v=rCkUuZ0D2EE
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