1. The document analyzes Malaysia's electoral and financial outlook, concluding that BN cannot lose elections despite being in trouble and wanting voters to think they can lose.
2. It suggests BN's solution will be to push Malaysia into bankruptcy so the IMF comes in to clean up, allowing BN to later blame problems on the IMF.
3. Total national debt is estimated to be over USD $331 billion, with debt to GDP at 144%, suggesting Malaysia risks default if debt is not brought under control.
Koji Otsuki is a senior vice president at Mitsubishi Corporation in India who identifies major problems facing companies in India, including corruption, favoritism by government, bureaucratic regulations, excessive taxation, and clashes between central and state government objectives. He believes the government should implement better regulations, tax wealthy individuals at a higher rate, and companies should focus on effective planning and teamwork to improve efficiency.
The document discusses the black economy in India. It defines the black economy as the hidden sector where cash transactions go unreported, including trades, goods and services not part of the official economy. A large portion of the black economy, estimated at 50% of GDP in 2012-13, is controlled by the top 3% of the population. This exacerbates inequality. The black economy undermines the macroeconomy, sectors like education and health, and weakens democracy. Tough steps are needed like getting details from Swiss banks, replacing high denomination notes, and increasing public awareness, to resolve its negative impacts on India's growth.
This document discusses parallel or black economies. It defines parallel economies as unreported economic activities and explains how they pose threats such as loss of government revenue and incorrect GDP estimations. The document outlines effects of parallel economies like unequal income and wealth distribution and corruption. It then discusses measures governments can take to reduce parallel economies, such as voluntary disclosure schemes, privatization, and international cooperation on foreign black money holdings. Major tax evasion scams in India are also listed with estimated amounts. The conclusion estimates India has the highest amount of black money globally at $1,456 billion.
Black money refers to money generated through secret, unreported activities to avoid taxes. This creates a parallel economy that runs counter to social objectives. Sources of black money include control/licensing systems, tax structures, political donations, and ineffective tax enforcement. The impacts of black money include misdirected resources, worsened income distribution, large unreported economic segments, and funds transferred abroad, as well as corruption. Estimates put the amount of black money in India at Rs. 3,54,000 crores.
This document discusses black money in India. It provides information on the sources and movement of black money, including through hawala systems and Swiss banks. Several major scams in India are outlined, totaling an estimated loss of over 20 trillion USD. The 2G spectrum scam under the telecom minister A. Raja and Commonwealth Games scam under Suresh Kalmadi are described in detail. Lastly, the consequences of black money like poverty and reduced development are mentioned, along with measures that could be taken to reduce the impact of black money.
This document discusses black economy and black money, defining them as income that remains illegally undeclared to avoid taxes. It notes that India's black economy is estimated to be around 40% of GDP, or Rs. 25 lakh crore. Common sources of black money generation include licensing systems, tax structures, political donations, and ineffective tax enforcement. The impacts include misdirected resources, income inequality, corruption, and transfer of funds overseas. Steps to reduce black money include transparent governance, electronic payments, and voluntary disclosure programs.
The document summarizes the black economy in India. It states that the black economy has grown from 3% in the 1950s to 50% today. Some components of the parallel black economy are tax evasion, smuggling, bribe-taking, and foreign currency racketeering. Statistics show that Indians have accumulated over $1.5 trillion in black money, especially stored in tax havens like Switzerland. Bringing this unaccounted money back could fund infrastructure and development projects and eliminate poverty in India. However, legalizing the massive black economy would require people to declare it and pay taxes, which is unlikely.
Black Money and its Impact on Indian Economyijtsrd
In the present era, issue of BLACK MONEY has come into forefront of the society with active participation of our youth and parliament. Government took various steps about the problem of Black money. The main aim of this research paper is to know how it is generated, committees and report of black money. This paper represents the framework, policy options and strategies that Indian Govt. should adopt to tackle with this issue and also describes various measures taken by Government. It also studies the impact of Demonetisation on black money and also describes the size of Black money and also includes recent news of SIT. The corruption leads to its generation which has considerable impact on various sections of the society. At last but not least, conclusion of this paper is provided representing the ongoing issue of black money in our country and its future course of action. Hopefully, this would contribute to an informed approach on this issue as we move forward in this context. Manish Dubey"Black Money and its Impact on Indian Economy" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-5 , August 2018, URL: http://www.ijtsrd.com/papers/ijtsrd17042.pdf http://www.ijtsrd.com/humanities-and-the-arts/economics/17042/black-money-and-its-impact-on-indian-economy/manish-dubey
Koji Otsuki is a senior vice president at Mitsubishi Corporation in India who identifies major problems facing companies in India, including corruption, favoritism by government, bureaucratic regulations, excessive taxation, and clashes between central and state government objectives. He believes the government should implement better regulations, tax wealthy individuals at a higher rate, and companies should focus on effective planning and teamwork to improve efficiency.
The document discusses the black economy in India. It defines the black economy as the hidden sector where cash transactions go unreported, including trades, goods and services not part of the official economy. A large portion of the black economy, estimated at 50% of GDP in 2012-13, is controlled by the top 3% of the population. This exacerbates inequality. The black economy undermines the macroeconomy, sectors like education and health, and weakens democracy. Tough steps are needed like getting details from Swiss banks, replacing high denomination notes, and increasing public awareness, to resolve its negative impacts on India's growth.
This document discusses parallel or black economies. It defines parallel economies as unreported economic activities and explains how they pose threats such as loss of government revenue and incorrect GDP estimations. The document outlines effects of parallel economies like unequal income and wealth distribution and corruption. It then discusses measures governments can take to reduce parallel economies, such as voluntary disclosure schemes, privatization, and international cooperation on foreign black money holdings. Major tax evasion scams in India are also listed with estimated amounts. The conclusion estimates India has the highest amount of black money globally at $1,456 billion.
Black money refers to money generated through secret, unreported activities to avoid taxes. This creates a parallel economy that runs counter to social objectives. Sources of black money include control/licensing systems, tax structures, political donations, and ineffective tax enforcement. The impacts of black money include misdirected resources, worsened income distribution, large unreported economic segments, and funds transferred abroad, as well as corruption. Estimates put the amount of black money in India at Rs. 3,54,000 crores.
This document discusses black money in India. It provides information on the sources and movement of black money, including through hawala systems and Swiss banks. Several major scams in India are outlined, totaling an estimated loss of over 20 trillion USD. The 2G spectrum scam under the telecom minister A. Raja and Commonwealth Games scam under Suresh Kalmadi are described in detail. Lastly, the consequences of black money like poverty and reduced development are mentioned, along with measures that could be taken to reduce the impact of black money.
This document discusses black economy and black money, defining them as income that remains illegally undeclared to avoid taxes. It notes that India's black economy is estimated to be around 40% of GDP, or Rs. 25 lakh crore. Common sources of black money generation include licensing systems, tax structures, political donations, and ineffective tax enforcement. The impacts include misdirected resources, income inequality, corruption, and transfer of funds overseas. Steps to reduce black money include transparent governance, electronic payments, and voluntary disclosure programs.
The document summarizes the black economy in India. It states that the black economy has grown from 3% in the 1950s to 50% today. Some components of the parallel black economy are tax evasion, smuggling, bribe-taking, and foreign currency racketeering. Statistics show that Indians have accumulated over $1.5 trillion in black money, especially stored in tax havens like Switzerland. Bringing this unaccounted money back could fund infrastructure and development projects and eliminate poverty in India. However, legalizing the massive black economy would require people to declare it and pay taxes, which is unlikely.
Black Money and its Impact on Indian Economyijtsrd
In the present era, issue of BLACK MONEY has come into forefront of the society with active participation of our youth and parliament. Government took various steps about the problem of Black money. The main aim of this research paper is to know how it is generated, committees and report of black money. This paper represents the framework, policy options and strategies that Indian Govt. should adopt to tackle with this issue and also describes various measures taken by Government. It also studies the impact of Demonetisation on black money and also describes the size of Black money and also includes recent news of SIT. The corruption leads to its generation which has considerable impact on various sections of the society. At last but not least, conclusion of this paper is provided representing the ongoing issue of black money in our country and its future course of action. Hopefully, this would contribute to an informed approach on this issue as we move forward in this context. Manish Dubey"Black Money and its Impact on Indian Economy" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-5 , August 2018, URL: http://www.ijtsrd.com/papers/ijtsrd17042.pdf http://www.ijtsrd.com/humanities-and-the-arts/economics/17042/black-money-and-its-impact-on-indian-economy/manish-dubey
The document discusses black money in India, which refers to assets that have not been reported to tax authorities. It was generated through illegal means like smuggling or tax evasion, and also legal activities manipulated to avoid taxes. Estimates of black money's size use input-output, monetary circulation, and survey approaches. If black money returns to India, it could reduce fiscal deficits and inflation but also increase inequality and impact banking systems and currency value. The government faces challenges in obtaining details of offshore accounts and assets and ensuring foreign investments are not laundered black money.
This document discusses black money in India, including its sources such as illegal activities, movement through hawala systems and Swiss banks, and impact through major scams that have cost India trillions of dollars. It provides details on several large scams like 2G, Coalgate, Commonwealth Games, and IPL and estimates that over 250 scams since 1947 have lost India approximately $20 trillion. It concludes that black money burdens the economy and people through poverty and inflation and that citizens must fight corruption to reduce its creation and impact.
Black money refers to funds earned through illegal or underground economic activities that are untaxed. India generates the most black money in the world at $1,456 billion, mostly through corruption, tax evasion, and money laundering. Much of this black money is stored in Swiss bank accounts and moved using hawala networks. Recovering black money could repay India's foreign debt 24 times over and boost the economy tremendously by adding to GDP. However, black money also fuels poverty, inflation, and hinders development. Measures like amnesty schemes, simplifying tax laws, and increasing enforcement could help reduce the generation of black money.
The document provides an overview of parallel or black market economies, their origin and size. It discusses that parallel economies exist due to factors like high tax rates, complicated tax systems, lack of trust in governments, and corruption. The black market includes illegal trade of goods and services like arms, drugs, currency exchange, and copyrighted media. Estimates suggest the global black market economy is worth $2-5% of worldwide GDP. Corruption also contributes significantly to the parallel economy in many countries like India.
Markets end in green with trimmed gains post CAG disclosures:
Markets opened in green with Tata Motors, Maruti and RIL leading the rally. Contrary to yesterday, in the morning, FMCG sector proved to be the top Sensex gainer. IT and Auto sectors were also among the gainers. According to technical analysts, Nifty is bullish as long as it can sustain above 5350 level.
The document discusses the black economy in India. Some key points:
- The black economy is estimated at 62% of India's GDP, generating Rs. 93 lakh crore annually in unreported income. This has cost India an average of 5% growth since the 1970s.
- Major sources of the black economy include real estate, bullion/jewelry, public procurement, and the large informal cash sector.
- The black economy impacts the government through lost tax revenue and difficulties creating effective policy. It also enables criminal activities and inflation.
- Legal activities like construction permits and real estate transactions generate black money through bribes required to expedite approvals. Underreporting sale prices on
Black money refers to funds earned through illegal or underground economic activities that are untaxed. Major sources of black money in India include gambling, tax evasion, drug trafficking, and pirated goods. It is estimated that India has over $1.5 trillion in undeclared funds stashed in Swiss banks alone. Several major scams in India have also involved massive amounts of black money, such as the 2G spectrum scam valued at $1.76 trillion. High tax rates, corruption, lack of transparency, and weak enforcement have allowed black money to flourish in India, with negative economic and social consequences. Measures such as amnesty schemes, simplifying tax laws, international cooperation, and increasing awareness are needed to eliminate the
The document discusses black money in India and around the world. It notes that India has $1.4 trillion in black money, more than any other country. It lists some of the major scams in India that have contributed to black money. Baba Ramdev led a protest movement in 2011 called Bhrasthachar Mitao Satyagrah to demand that the government bring black money from foreign accounts back to India and take other measures against corruption. The protest was forcibly dispersed by police, and Ramdev was arrested before ending his fast days later.
This document summarizes several estimates of the amount of black money in India's economy from the 1960s to the 1970s. It discusses commissions formed by the Indian government to study the issue. Estimates of black money ranged from Rs. 700 crores to Rs. 1800 crores for 1961-1962 and 1965-1966, increasing to Rs. 1400 crores by 1969-1970 according to the Wanchoo Committee. Later estimates by Rangnekar, Chopra and Gupta et al. found higher amounts of black money reaching billions of rupees by the late 1970s, accounting for a growing percentage of India's GDP. The commissions found correlations between a stronger economy, higher taxes and inflation with greater opportunities and
The document provides an overview of Myanmar's economy. Key points include:
1) Myanmar has natural resources like agriculture land, forests, minerals, gas, and gems that form the basis of its economy.
2) The economy is expected to have grown 5.5-5.8% in fiscal year 2011-2012, driven by investment in hydropower, natural gas, oil and commodity exports.
3) GDP composition in 2011 consisted of services (43.6%), agriculture (38.2%), and industry (18.2%), with services overtaking agriculture for the first time.
Corruption is a serious problem in India, which tops lists for black money worldwide. Several major scams like 2G and Commonwealth Games have involved large amounts of illegally gained money. An estimated 70 lakh crores ($1 trillion) is held in foreign bank accounts, enough to eliminate India's foreign debt or distribute 1 lakh ($1,333) to each of 45 crore poor citizens. Common forms of corruption include fake medicines, tax evasion, judicial corruption, and within the armed forces and media. Citizens can help by educating themselves, distributing information, refusing to pay bribes, and organizing awareness events.
The document discusses redistribution of wealth globally and the role of states in reducing inequality. Wealth worldwide has increased 72% since 2000 to $195 trillion and is estimated to rise 62% more to $315 trillion by 2015. Redistribution can be progressive, transferring wealth from rich to poor, or regressive, transferring from poor to rich, through taxation, policies, welfare programs, and other social factors. The Gini coefficient measures inequality, with higher numbers indicating more unequal distribution. While most countries have high inequality, states can build more efficient markets, expand access to finance, raise incomes through labor reforms, and implement distributive fiscal policies to reduce disparities.
Black money refers to funds generated through illegal activities that are unreported to tax authorities. It exists in cash form and is often stored in secret overseas bank accounts. Common sources of black money include gambling, drug trafficking, tax evasion, and political corruption. India is estimated to have over $1.4 trillion of undisclosed funds stored in Swiss banks alone. Recovering this black money could help fund critical infrastructure and development projects in India. However, its return could also cause economic issues like inflation if not managed properly by the government. Citizens need to actively fight corruption to reduce the generation of new black money.
The document is a registration form and information for the 1st National Stem Cell Congress in Kuala Lumpur, Malaysia from October 29-30, 2012. It provides details on registration fees, how to register, instructions for submitting scientific poster presentations, and an overview of the scientific programme which will include plenary lectures, symposia, and a plenary discussion on various stem cell topics. Prof. Datuk Dr. A Rahman A Jamal invites participants to join the congress to consolidate knowledge in stem cell research and interact with international speakers.
Role of cancer genomics and next generation sequencing.pptx 2Alan Teh
Dr Jimmy Lin PhD will give an afternoon lecture at Ampang Hospital on Tuesday, September 25th from 1-2pm in the Seminar Room on the 3rd floor. Dr Lin is the founder and president of Rare Genomics Institute and is affiliated with Washington University in St Louis, USA.
A survey was conducted of 57 medical professionals from various backgrounds with 5-25 years of experience. The survey found:
- 71% found it difficult to maintain medical records
- 66% had limited ways to connect with patients
- 86% had limited ways to follow up with patients
- 84% experienced scheduling inefficiencies
- 75% found missed appointments bothersome
- 82% felt revenue did not compensate for time/effort
The majority used paper-based records and phone/face-to-face consultation. Only 27% were satisfied with current systems and most felt electronic systems could save time and improve research/identification of patients. Respondents viewed healthcare IT systems as important/necessary to reduce paperwork
This document discusses improving universal healthcare coverage and financing in Malaysia. It proposes a new public healthcare financing system called "1Care" that would integrate public and private providers, ensure universal coverage through compulsory social health insurance, and use various payment mechanisms like capitation and pay for performance to incentivize quality care. Key features include a National Health Financing Authority to pool funds, establish benefits, and monitor fiscal performance across the healthcare system. The focus remains on primary and preventive care through family doctors and gatekeeping to specialty services.
Understanding your heart health with your heloAlan Teh
To fully use your HELO you need to understand basic heart function, physiology and even some basic ECG knowlege. This presentation should help all HELO users.
Multiple myeloma is a cancer of plasma cells that produce abnormal antibodies. It causes bone destruction and can damage the kidneys and suppress the bone marrow. While the cause is unknown, risk factors include age, family history, and exposure to radiation. Symptoms include bone pain, fatigue, recurrent infection, and kidney problems. Diagnosis involves blood and urine tests and a bone marrow biopsy. Staging uses tests such as MRI, blood tests, and bone surveys. Treatment may include chemotherapy, steroids, radiation, stem cell transplants, and newer drugs that target specific pathways in myeloma cells. While not yet curable, novel agents have improved survival rates and quality of life compared to conventional chemotherapy alone.
The document discusses black money in India, which refers to assets that have not been reported to tax authorities. It was generated through illegal means like smuggling or tax evasion, and also legal activities manipulated to avoid taxes. Estimates of black money's size use input-output, monetary circulation, and survey approaches. If black money returns to India, it could reduce fiscal deficits and inflation but also increase inequality and impact banking systems and currency value. The government faces challenges in obtaining details of offshore accounts and assets and ensuring foreign investments are not laundered black money.
This document discusses black money in India, including its sources such as illegal activities, movement through hawala systems and Swiss banks, and impact through major scams that have cost India trillions of dollars. It provides details on several large scams like 2G, Coalgate, Commonwealth Games, and IPL and estimates that over 250 scams since 1947 have lost India approximately $20 trillion. It concludes that black money burdens the economy and people through poverty and inflation and that citizens must fight corruption to reduce its creation and impact.
Black money refers to funds earned through illegal or underground economic activities that are untaxed. India generates the most black money in the world at $1,456 billion, mostly through corruption, tax evasion, and money laundering. Much of this black money is stored in Swiss bank accounts and moved using hawala networks. Recovering black money could repay India's foreign debt 24 times over and boost the economy tremendously by adding to GDP. However, black money also fuels poverty, inflation, and hinders development. Measures like amnesty schemes, simplifying tax laws, and increasing enforcement could help reduce the generation of black money.
The document provides an overview of parallel or black market economies, their origin and size. It discusses that parallel economies exist due to factors like high tax rates, complicated tax systems, lack of trust in governments, and corruption. The black market includes illegal trade of goods and services like arms, drugs, currency exchange, and copyrighted media. Estimates suggest the global black market economy is worth $2-5% of worldwide GDP. Corruption also contributes significantly to the parallel economy in many countries like India.
Markets end in green with trimmed gains post CAG disclosures:
Markets opened in green with Tata Motors, Maruti and RIL leading the rally. Contrary to yesterday, in the morning, FMCG sector proved to be the top Sensex gainer. IT and Auto sectors were also among the gainers. According to technical analysts, Nifty is bullish as long as it can sustain above 5350 level.
The document discusses the black economy in India. Some key points:
- The black economy is estimated at 62% of India's GDP, generating Rs. 93 lakh crore annually in unreported income. This has cost India an average of 5% growth since the 1970s.
- Major sources of the black economy include real estate, bullion/jewelry, public procurement, and the large informal cash sector.
- The black economy impacts the government through lost tax revenue and difficulties creating effective policy. It also enables criminal activities and inflation.
- Legal activities like construction permits and real estate transactions generate black money through bribes required to expedite approvals. Underreporting sale prices on
Black money refers to funds earned through illegal or underground economic activities that are untaxed. Major sources of black money in India include gambling, tax evasion, drug trafficking, and pirated goods. It is estimated that India has over $1.5 trillion in undeclared funds stashed in Swiss banks alone. Several major scams in India have also involved massive amounts of black money, such as the 2G spectrum scam valued at $1.76 trillion. High tax rates, corruption, lack of transparency, and weak enforcement have allowed black money to flourish in India, with negative economic and social consequences. Measures such as amnesty schemes, simplifying tax laws, international cooperation, and increasing awareness are needed to eliminate the
The document discusses black money in India and around the world. It notes that India has $1.4 trillion in black money, more than any other country. It lists some of the major scams in India that have contributed to black money. Baba Ramdev led a protest movement in 2011 called Bhrasthachar Mitao Satyagrah to demand that the government bring black money from foreign accounts back to India and take other measures against corruption. The protest was forcibly dispersed by police, and Ramdev was arrested before ending his fast days later.
This document summarizes several estimates of the amount of black money in India's economy from the 1960s to the 1970s. It discusses commissions formed by the Indian government to study the issue. Estimates of black money ranged from Rs. 700 crores to Rs. 1800 crores for 1961-1962 and 1965-1966, increasing to Rs. 1400 crores by 1969-1970 according to the Wanchoo Committee. Later estimates by Rangnekar, Chopra and Gupta et al. found higher amounts of black money reaching billions of rupees by the late 1970s, accounting for a growing percentage of India's GDP. The commissions found correlations between a stronger economy, higher taxes and inflation with greater opportunities and
The document provides an overview of Myanmar's economy. Key points include:
1) Myanmar has natural resources like agriculture land, forests, minerals, gas, and gems that form the basis of its economy.
2) The economy is expected to have grown 5.5-5.8% in fiscal year 2011-2012, driven by investment in hydropower, natural gas, oil and commodity exports.
3) GDP composition in 2011 consisted of services (43.6%), agriculture (38.2%), and industry (18.2%), with services overtaking agriculture for the first time.
Corruption is a serious problem in India, which tops lists for black money worldwide. Several major scams like 2G and Commonwealth Games have involved large amounts of illegally gained money. An estimated 70 lakh crores ($1 trillion) is held in foreign bank accounts, enough to eliminate India's foreign debt or distribute 1 lakh ($1,333) to each of 45 crore poor citizens. Common forms of corruption include fake medicines, tax evasion, judicial corruption, and within the armed forces and media. Citizens can help by educating themselves, distributing information, refusing to pay bribes, and organizing awareness events.
The document discusses redistribution of wealth globally and the role of states in reducing inequality. Wealth worldwide has increased 72% since 2000 to $195 trillion and is estimated to rise 62% more to $315 trillion by 2015. Redistribution can be progressive, transferring wealth from rich to poor, or regressive, transferring from poor to rich, through taxation, policies, welfare programs, and other social factors. The Gini coefficient measures inequality, with higher numbers indicating more unequal distribution. While most countries have high inequality, states can build more efficient markets, expand access to finance, raise incomes through labor reforms, and implement distributive fiscal policies to reduce disparities.
Black money refers to funds generated through illegal activities that are unreported to tax authorities. It exists in cash form and is often stored in secret overseas bank accounts. Common sources of black money include gambling, drug trafficking, tax evasion, and political corruption. India is estimated to have over $1.4 trillion of undisclosed funds stored in Swiss banks alone. Recovering this black money could help fund critical infrastructure and development projects in India. However, its return could also cause economic issues like inflation if not managed properly by the government. Citizens need to actively fight corruption to reduce the generation of new black money.
The document is a registration form and information for the 1st National Stem Cell Congress in Kuala Lumpur, Malaysia from October 29-30, 2012. It provides details on registration fees, how to register, instructions for submitting scientific poster presentations, and an overview of the scientific programme which will include plenary lectures, symposia, and a plenary discussion on various stem cell topics. Prof. Datuk Dr. A Rahman A Jamal invites participants to join the congress to consolidate knowledge in stem cell research and interact with international speakers.
Role of cancer genomics and next generation sequencing.pptx 2Alan Teh
Dr Jimmy Lin PhD will give an afternoon lecture at Ampang Hospital on Tuesday, September 25th from 1-2pm in the Seminar Room on the 3rd floor. Dr Lin is the founder and president of Rare Genomics Institute and is affiliated with Washington University in St Louis, USA.
A survey was conducted of 57 medical professionals from various backgrounds with 5-25 years of experience. The survey found:
- 71% found it difficult to maintain medical records
- 66% had limited ways to connect with patients
- 86% had limited ways to follow up with patients
- 84% experienced scheduling inefficiencies
- 75% found missed appointments bothersome
- 82% felt revenue did not compensate for time/effort
The majority used paper-based records and phone/face-to-face consultation. Only 27% were satisfied with current systems and most felt electronic systems could save time and improve research/identification of patients. Respondents viewed healthcare IT systems as important/necessary to reduce paperwork
This document discusses improving universal healthcare coverage and financing in Malaysia. It proposes a new public healthcare financing system called "1Care" that would integrate public and private providers, ensure universal coverage through compulsory social health insurance, and use various payment mechanisms like capitation and pay for performance to incentivize quality care. Key features include a National Health Financing Authority to pool funds, establish benefits, and monitor fiscal performance across the healthcare system. The focus remains on primary and preventive care through family doctors and gatekeeping to specialty services.
Understanding your heart health with your heloAlan Teh
To fully use your HELO you need to understand basic heart function, physiology and even some basic ECG knowlege. This presentation should help all HELO users.
Multiple myeloma is a cancer of plasma cells that produce abnormal antibodies. It causes bone destruction and can damage the kidneys and suppress the bone marrow. While the cause is unknown, risk factors include age, family history, and exposure to radiation. Symptoms include bone pain, fatigue, recurrent infection, and kidney problems. Diagnosis involves blood and urine tests and a bone marrow biopsy. Staging uses tests such as MRI, blood tests, and bone surveys. Treatment may include chemotherapy, steroids, radiation, stem cell transplants, and newer drugs that target specific pathways in myeloma cells. While not yet curable, novel agents have improved survival rates and quality of life compared to conventional chemotherapy alone.
The document provides information about an upcoming Goods and Services Tax (GST) in Malaysia, including its implementation date of April 1, 2015 at a rate of 6%. It outlines that GST will replace existing sales and service taxes. Healthcare services are discussed, with those provided by government being outside the scope of GST and those provided by private licensed facilities being exempt from GST. The impact on doctors at government hospitals is that they will not be eligible for GST registration if only providing exempt healthcare services, and thus cannot claim GST incurred on items like clinic rental.
This document discusses the legal concept of consent in medical treatment in Malaysia. It makes two key points:
1) Consent serves both a clinical purpose of gaining patient cooperation and a legal purpose of providing a defense against assault/battery claims. However, failure to adequately advise a patient does not negate consent but rather forms the basis of a negligence claim.
2) Malaysian law follows the "Rogers v Whitaker" test for assessing a doctor's duty to disclose risks to patients. A risk is "material" if a reasonable person would likely consider it significant in deciding whether to undergo treatment.
This document discusses snoring and obstructive sleep apnea (OSA). It notes that OSA is a clinical condition where the upper airway collapses intermittently during sleep. Risk factors include obesity, age, hypertension, and diabetes. Untreated OSA can lead to increased risks of hypertension, heart attack, stroke, and premature death. Diagnosis involves questionnaires, physical examination, and sleep studies. Treatment aims to reduce symptoms and health risks.
In this presentation it has been tried to give a glimpse of different type of consent, how it should be taken, how the patient to be explained, when consent is must and conditions where consent is not required, so as to guide you in your every day practice.
The document provides an overview of Malaysia's Personal Data Protection Act 2010. It discusses key aspects of the Act including the establishment of a Personal Data Protection Commissioner, the 7 data protection principles, and requirements around notice, consent, disclosure, security, retention, data integrity and access. It also discusses some examples of data breaches and penalties for non-compliance. The Act aims to regulate the processing of personal data and protect privacy as digital data and internet usage continues to grow significantly.
Tindak malaysia the die is cast.r16.040112Anthony Phang
This document provides an analysis of Malaysia's electoral and financial outlook. It makes 6 key points: 1) The ruling BN coalition cannot lose elections, 2) They know they are in trouble, 3) Their solution is to push Malaysia into bankruptcy, 4) The IMF will come in to clean up the mess and later blame problems on them, 5) A new "Rat Race System" will start, 6) You should not believe what is said. It then discusses Tindak Malaysia's rationale and strategy to educate voters through understanding history, politics, economics and social factors. Charts show growing national debt levels that could lead to bankruptcy by 2013 if not addressed.
This document is a base-line report that shows, by way of statistics, facts and figures, the state of the Bumiputera socio-economy, within the larger context of national macro-economic indicators.
Serious implementation of effective distributive policies, are needed urgently if we are to change the narrative of Malaysia’s development trajectory and secure the chance of an equitable and sustainable future for Malaysia and Malaysians.
The Sant Maral Foundation conducted a survey of 5020 respondents from Ulan Bator and provinces between March 16-April 14, 2012. Key findings include:
- 77.3% of respondents nationwide said they would participate in elections if held tomorrow.
- The top three parties respondents said they would vote for were the Mongolian People's Party at 16.5%, Democratic Party at 17.3%, and MPRP-MNDP union at 6.3%.
- Respondents were split on whether dismantling the coalition government before elections was right or wrong, with 23.6% saying right and 44% saying wrong.
- Unemployment was seen as the biggest socio-political or economic problem
This document provides information on various economic indicators and terms related to analyzing the stock market and economy. It discusses concepts like GDP, inflation, interest rates, commodity markets, technical analysis, and how to open demat and trading accounts. Specifically, it defines fundamental analysis as studying company fundamentals like profits, EPS, and debt ratios to determine which shares to buy. It also outlines the three main components of India's GDP - services at 55%, agriculture at 18%, and industry at 26%.
This was delivered by Former Governor or Lagos State, Mr. Babatunde Raji Fashola in Abuja on MArch 23, 2015 at the Progressive Governors Forum 1st Quarter Activity in preparation for the 2015 General Elections
The aim of this report is to give a proper idea about the labor migration of Sri Lanka. Further it describes the nature of Labor Migration, the reasons which affect for Labor Migration, effects of Labor Migration for the development of local economy, social and cultural effects. Same as that it presents possible suggestions to overcome those issues.
Harnessing the energy of India's growing youth population, requires the generation of Many More Jobs! Complex issues make this a big challenge, but the right AskHOW questions can generate solutions.
Demonetization is the act of stripping a currency unit of its status as legal tender. In India, the government demonetized Rs. 500 and Rs. 1000 notes on November 8th in an effort to curb black money, fake currency, terrorist funding, and move toward a cashless economy. While there were short term costs like bank lines and economic slowdown, demonetization is expected to increase transparency, tax collection, digitization of the economy, and decrease corruption in the long run. The move constituted over 85% of the total currency in circulation being wiped out overnight.
Better Business Brunch: Know your Numbers- Economic Outlook of the Philippine...NewLeafVentures
The Philippine economy has seen strong GDP growth in recent years, reaching 6-7% annually. However, this growth has been concentrated in a few areas, primarily services in Metro Manila. Manufacturing and employment growth have remained stagnant, and productivity is low. Overseas remittances, BPO growth, and a budget surplus have supported domestic demand and investment. To sustain its investment grade credit rating, the Philippines must address infrastructure gaps and transform its economic structure to boost productivity and create more jobs outside of Metro Manila through investments in agriculture and smaller firms. Continued reforms are needed to encourage inclusive growth and prepare for future challenges.
The document outlines a political manifesto with 5 main points: 1) Free universal English education to provide jobs for all, ending reservations; 2) Swift punishments like death penalty for criminals to deter crime; 3) Universal basic income of Rs. 600 per month for all voters instead of subsidies; 4) Privatization of sectors like railways and electricity to ensure 24/7 access; 5) Reduction in number and rates of taxes, with no income tax up to Rs. 4 lakh. The document argues this will reduce corruption and boost economic growth.
The document outlines a political manifesto with 5 main points: 1) Free universal English education to provide jobs for all, ending reservations; 2) Swift punishments like hanging for criminals and a 3 month judgment period; 3) Providing all voters Rs. 600 per month instead of subsidies; 4) Privatizing services like electricity, railways to provide 24 hour power and better train service; 5) Reducing taxes with no income tax up to Rs. 4 lakh. It argues this will reduce corruption and boost economic growth.
This document summarizes research on financial inclusion and poverty. It finds that while access to financial services has increased in countries like Turkey, there are still gaps for women, the less educated, and those in the lowest income groups. Lack of money and lack of trust in financial institutions are common reasons for not having a bank account. The document argues that increasing financial inclusion requires efforts on both the supply and demand sides, including improving financial literacy, reforming regulations, using new technologies like mobile banking, and integrating financial services with social programs.
This document summarizes research on financial inclusion and poverty. It finds that while access to financial services has increased in Turkey, there are still gaps for women, the less educated, and younger people. Lack of money and trust are common reasons for not having a bank account. Expanding access requires efforts on both the supply and demand sides, including improving financial literacy, reforming regulations, and integrating financial services with social programs. Overall, increasing deposits and savings for the poor through convenient and secure options can help strengthen labor markets and reduce vulnerability.
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Demonetisation was a historical change in India that removed 86.5% of currency from circulation to target black money. It had both short and long term impacts. In the short term, it led to long queues for cash and economic reactions. Long term, it may help transform India to a more cashless society and reduce black money over time if further reforms are implemented. While some short term economic loss was estimated at 1% of GDP, the potential long term gain from reduced black cash could be over 20 trillion rupees from increased tax revenue. For demonetisation to be fully successful, more transparency and tax reforms are needed.
There is a high level of anxiety among Pakistani youth due to issues happening around the world, in the country, and in their personal lives. They are most concerned about the state of the economy, unemployment, costs of living and healthcare. Over 80% say the recession has impacted them personally. While anxious about the present, many are also pessimistic about the future economic conditions. This is largely attributed to a lack of confidence in the current government and its ability to improve the situation. Pakistani youth are heavily engaged with technology and own multiple electronic devices, though they see distraction as a form of entertainment rather than participation.
This document summarizes an economic briefing given by Cielito F. Habito, Ph.D. to the Ateneo Graduate School of Business on June 4, 2013. The summary includes:
1) The Philippine economy has shown signs of improvement in recent years based on key indicators like inflation, unemployment, and GDP growth, but still lags behind other Asian countries and inequality remains high.
2) Growth is expected to continue being driven by government spending, private investment, remittances, and new economic opportunities. However, threats like fiscal problems in Europe, an appreciating peso, political instability, and failure to promote inclusive growth could undermine sustained growth.
3) Achieving truly inclusive growth that
Unemployment is a serious issue both globally and in Pakistan. In Pakistan, the unemployment rate is around 6% but some predict it will rise to 6%. Unemployment is caused by issues like overpopulation, faulty education systems, economic problems, social issues, and lack of financial access. Unemployment harms people psychologically and economically, can increase social problems and poverty. To address unemployment, Pakistan needs to improve education, encourage vocational training, enact supportive economic policies, better plan population growth, reduce corruption, and resolve energy crises.
Khalid Abu Ismail - ESCWA
Racha Ramadan - Cairo University
ERF 24th Annual Conference
The New Normal in the Global Economy: Challenges & Prospects for MENA
July 8-10, 2018
Cairo, Egypt
The document announces a seminar on prostate cancer treatment to be held on June 13, 2015 at the Hilton Petaling Jaya Hotel in Selangor, Malaysia. Assoc. Prof. Dr. Marniza bte Saad of University Malaya Medical Centre will give a lecture on the past, present, and future of prostate cancer treatment. Dr. Adlinda bte Alip will present a case study, and there will be a Q&A session. Lunch will be provided afterwards. RSVPs are requested by June 8. The document also provides biographical information on Assoc. Prof. Dr. Marniza bte Saad, noting her medical education and positions at University Malaya
Guide to GST for Healthcare services (16 Nov)Alan Teh
This document provides a summary of the Malaysian Goods and Services Tax (GST) treatment of healthcare services. It outlines that healthcare services provided by the government are not subject to GST, while those provided by private healthcare facilities and professionals are generally exempt or zero-rated. Services provided outside of private healthcare facilities or not by employees may be standard-rated. It also discusses the GST treatment of supplies like medicines, diagnostic tests, and non-healthcare services provided by private facilities.
The Malaysian Oncological Society and the European Society for Medical Oncology will be holding a joint conference to share the highlights of the ESMO 2014 Congress with South-East Asian delegates.
The conference will be held in Penang, Malaysia from 23-25 January 2015 and the theme is "Precision Medicine in Cancer Care".
Official website: http://esmomos2015penang.com.my/
For Malaysian doctors: The Medico-Legal Society of Malaysia (MLSM) and the Kuala Lumpur Regional Centre for Arbitration (KLRCA) would like to invite you for a dialogue with Datuk Seri Gopal Sri Ram on the topic "Has the Law Forced Doctors to Practice Defensive Medicine?"
Guide to GST for Healthcare Services (Malaysia)Alan Teh
This document provides a guide on the Goods and Services Tax (GST) treatment of healthcare services in Malaysia. It outlines that healthcare services provided by the government are not subject to GST, while most services provided by private healthcare facilities are exempt from GST. Some services, such as those provided under contract by non-employee healthcare professionals at private facilities, or certain pharmaceutical services, are standard rated and subject to GST.
Malaysian students' international test scores have declined in recent years, registering drops in reading ability and science scores, though mathematics scores improved. This signals an increasing deterioration in Malaysia's education system according to international benchmarks, where Malaysia now ranks 52nd out of 65 countries. The Education Minister responded that if people are unhappy with the system, they can choose to send their children overseas for schooling.
The document provides information about the Asia-Pacific Conference on Human Genetics to be held from December 5-8, 2012 in Kuala Lumpur, Malaysia. It includes details about registration fees, invited international faculty, the scientific program schedule, accommodation options at the conference hotel, and contact information for the conference secretariat. A call for abstract submissions is also announced with a deadline of September 5, 2012.
The document announces a workshop on haemostasis from September 10-11, 2012 at Universiti Teknologi MARA in Selayang Campus. The workshop will feature speakers like Geoff Kershaw and Dr. Jameela Sathar discussing topics like acquired factor inhibitors, clinical approach to coagulation, pre-analytical and analytical problems, and lupus anticoagulant. It also provides information on registration fees and instructions to apply for registration by email.
The document announces a workshop on haemostasis from September 10-11, 2012 at Universiti Teknologi MARA in Selayang Campus. The workshop will feature speakers like Geoff Kershaw and Dr. Jameela Sathar discussing topics like acquired factor inhibitors, clinical approach to coagulation, pre-analytical and analytical problems, and lupus anticoagulant. It also provides information on registration fees and instructions to apply for registration by email.
Introductory bioinformatics workshop flyerAlan Teh
This document provides information about the Introductory Bioinformatics Workshop 2012 held at Perdana University from July 9-14. The workshop aims to cover essential bioinformatics topics like biological databases, sequence comparison, and protein structure through lectures and hands-on practical sessions. It is intended for students and researchers from life sciences and industry partners interested in bioinformatics. Participants will learn the role of bioinformatics in research and basic concepts in areas like databases, tools, sequence analysis and structural analysis. There are 45 seats available at discounted early bird rates for students, academics and corporate participants.
The Singapore Society of Haematology is hosting the Second ASEAN Federation of Haematology Scientific Congress from September 7-8, 2012 in Singapore. All haematologists, medical professionals, and industry members in ASEAN countries are invited to attend this important regional meeting. The meeting will feature plenary lectures, symposia on various hematology topics, and is aimed at helping attendees stay up to date on the latest developments in hematology. More details and the latest updates can be found on the congress website.
The Private Medical Practitioners Association of Selangor and Kuala Lumpur (PMPASKL) held its 51st Annual General Meeting in April 2011. In 2011/2012, the association had 866 members and organized several educational and social events including an annual scientific meeting, golf tournament, weekend seminar series, and family day. The association also engaged with the Ministry of Health on proposed healthcare reforms and maintained a website to communicate with members.
The 51st Annual General Meeting of the Private Medical Practitioners Association of Selangor and Kuala Lumpur was held on 30th April 2011. Key matters discussed included:
1) Confirmation of minutes from the previous AGM and matters arising.
2) Presentation and acceptance of the annual report and financial statements.
3) Election of new office bearers for 2011/2012 including Dr Kong Chiew Meng as President.
4) Constitutional amendments relating to the registered address, membership categories, and timing of AGMs.
5) A resolution to contribute RM50,000 to the Joint Integrated Healthcare Committee to represent all members.
1) An admission-free public forum is being organized by the Perak Medical Practitioners' Society on March 18th, 2012 in Sitiawan to invite the public to support and protect welfare affected by the proposed 1Care national healthcare transformation.
2) Under 1Care, 10% of total household income would be contributed to the National Health Financing Scheme.
3) Speakers at the forum will address questions and concerns about 1Care including choices of doctors, multiple visits, coverage of illnesses and treatments, 24/7 access, and more.
This concept paper from the Ministry of Health proposes restructuring Malaysia's national health system to address future needs. Called 1Care, the restructured system aims to provide universal, quality healthcare coverage in line with the 1Malaysia model. Currently, Malaysia's public and private healthcare sectors are imbalanced, with the public sector handling more workload despite fewer resources. The paper seeks input on developing a detailed blueprint to address challenges like ensuring services meet needs, improving equity and quality, and optimizing limited resources through the proposed restructuring.
The document is an invitation to attend a public healthcare forum in Selangor and Kuala Lumpur on February 12th, 2012. The forum will be officiated by the Chief Minister of Selangor and will discuss issues related to healthcare, taxes, costs, choices, freedoms, and services. Admission to the forum is free and an included map shows the location of the Global Business and Convention Center in Petaling Jaya where the event will be held.
Youngest c m in India- Pema Khandu BiographyVoterMood
Pema Khandu, born on August 21, 1979, is an Indian politician and the Chief Minister of Arunachal Pradesh. He is the son of former Chief Minister of Arunachal Pradesh, Dorjee Khandu. Pema Khandu assumed office as the Chief Minister in July 2016, making him one of the youngest Chief Ministers in India at that time.
El Puerto de Algeciras continúa un año más como el más eficiente del continente europeo y vuelve a situarse en el “top ten” mundial, según el informe The Container Port Performance Index 2023 (CPPI), elaborado por el Banco Mundial y la consultora S&P Global.
El informe CPPI utiliza dos enfoques metodológicos diferentes para calcular la clasificación del índice: uno administrativo o técnico y otro estadístico, basado en análisis factorial (FA). Según los autores, esta dualidad pretende asegurar una clasificación que refleje con precisión el rendimiento real del puerto, a la vez que sea estadísticamente sólida. En esta edición del informe CPPI 2023, se han empleado los mismos enfoques metodológicos y se ha aplicado un método de agregación de clasificaciones para combinar los resultados de ambos enfoques y obtener una clasificación agregada.
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This downloadable guide explains why press releases are still important for businesses today and the challenges you might face with traditional distribution methods. Learn how [Your Website Name] offers a comprehensive solution for crafting compelling press releases, targeting the right media outlets, and maximizing visibility.
Here is Gabe Whitley's response to my defamation lawsuit for him calling me a rapist and perjurer in court documents.
You have to read it to believe it, but after you read it, you won't believe it. And I included eight examples of defamatory statements/
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Essential Tools for Modern PR Business .pptxPragencyuk
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2. 2
An assessment of the electoral &
financial outlook for Malaysia.
What the numbers tell us and what
conclusions to draw from it.
3. 3
6 POINTS:
1. BN cannot lose,
2. They know they are in trouble.
3. Their solution: push Malaysia
into bankruptcy,
4. IMF come in to clean up the
mess. Blame IMF for problems
later,
5. New Rat Race System starts.
6. You don’t have to believe a
word that is said!
4. 4
Questions:
1. Where are we?
2. How did we get here?
3. Where are we headed?
4. How can we make it better?
RATIONALE BEHIND
TINDAKMALAYSIA.COM
5. Tindak Malaysia supports the reason why the
Election Commission was formed - to ensure
elections in Malaysia are free and fair.
(Elections Act S 5 (1a)) EC has to enjoy public confidence. (Federal
Constitution Article 114)
A group of caring Malaysians
carrying out community service
through voter education and
PACABA Training.
6. Our training is based on the election laws
and is politically-neutral.
We are pro-Rakyat and accept any party
that is voted in freely and fairly.
We believe that “Power Corrupts, And
Absolute Power Corrupts Absolutely”.
We take the position that there must be
checks and balances and that no one
party should hold too much power.
7. 7
• Mobile phone to silent mode,
• Introduction,
• Stickers,
• Outline of Programme and duration,
• Expected results.
8. 8
Tindak Malaysia strategy:
• Understand the principles of
psychological warfare,
• How is it used against us?
• Develop self-defense measures.
Nations move in 50 to 60-year cycles!
When politicians hold power for too
long, they become arrogant, bullies
and corrupt! The ABC’s of politics.
9. Their goal is to amass fortunes through all means,
legal and illegal, live a life of luxury, and preserve their
dynasty in any way that they can (such as pampered
intelligence and military services, cadres of corrupt
cronies, discriminatory governance to divide the
citizenry, and costly foreign support).
The result is that these countries have been financially
plundered, with an inhospitable business climate, an
underdeveloped private sector and little economic and
social progress.
http://atimes.com/atimes/Middle_East/ML22Ak02.html
Where is this place?
Middle –east!
9
13. BN
140 MPs (63.1%)
8 states
50.27 % of votes
PR
82 MPs (36.9%)
5 states
46.75 % of votes
http://en.wikipedia.org/wiki/Malaysian_general_election,_2008
14. Putra Jaya (BN)
Smallest
6608 voters
Kapar (PKR)
Largest
112,224 voters
Voters ratio = 1:17
Even the 2nd smallest seat, Lawas, has
15,717, which is 2.4 times larger!
17. 17
Four evenly matched districts
Redrawing of boundaries to give
three-district advantage to Party 2
All districts produce an even voting
ratio for each party
District A,B,C votes 90% for Party 2
District D votes 90% for Party 1
Party 1 Party 2
SOURCE: http://www.comprofessor.com/2010/10/gerrymandering-through-corporate.html
18. 18
One Voter One Vote ?
Question: Do the
Chinese & Indians
decide for a
simple majority?
Courtesy of the famous retiree: Ng CN
19. 19
DESIGN: 1st 112 seats: 1.85 million.
2008, BN contested 139 seats to win
112 seats. 2.08 million votes required
(19%).
Total voter population: 10,922,140
Total Parliament seats: 222
Simple majority: 112 seats
Do you agree that 2 million can decide
for 28 million?
20. 21
The smallest 112 seats come from:
Sabah, incl Labuan: 26,
Sarawak: 25,
Johor: 13,
Perak: 12,
Pahang: 8,
(Peninsular Malaysia: 61)
For simple majority rule, rural Bumis decide. Only for
2/3 majority, the non-Bumis have a say!
(Show Sabah & Sarawak powerpoint)
Seats can be increased after Mar 2011 but
need 2/3 majority. BN can even create 200
Putrajayas!
25. 26
Point No. 1: BN cannot lose.
Is that the reason we have such blatant
corruption and inequality?
Is it a coincidence that the poorest
groups with the worst infrastructure,
education and health-care facilities,
are the king-makers?
Is it a coincidence that the natives are
driven off their land to join the urban
poor?
26. 27
It’s good to
belong to the
Ruling Class!
States with the highest incidence
of poverty: Sabah & Sarawak
27. 28
Results of not paying attention:
Ruling Party enjoyed 2/3 majority for
more than 50 years since 1957.
Consequences: 700 Constitutional
amendments since 1957.
Compare with US, 234 years old: Only 27
Constitutional amendments.
Answer: You have to avoid a 2/3 majority
to prevent too much power in the hands
of the Ruling Party.
28. 29
21-06-1962, Constitutional Amendment:
Article 116: Safeguard to maintain voter
difference to less than 15% removed.
Clauses (3), (4) and (5): Clauses were
repealed by Act 14/1962, sub-section 22
(c)
Source: (page 197)
http://www.ilo.org/wcmsp5/groups/public/---ed_protect/---protrav/---
ilo_aids/documents/legaldocument/wcms_125966.pdf
38. 45
BONDS: Thompson Reuters Eikon
DOMESTIC DEBT: Treasury Report
GLC’s: Annual Accounts
CAUTION: There may be some double-counting due to
obscurity of some of the figures in the Treasury Report.
GLC & Domestic Debt Analysis: Credit to Lee Wee Tak
45. 53
CAN IT GET WORSE?
Debt/GDP: 139%, annual deficit: 4 – 5%
Operating expenditure eats up all revenue & pensions depend on current income.
How can the Govt afford giving out RM 500 per head? What’s the source?
46. 54
RM 200 vouchers for 1.3 million students:
RM 260 million,
One-off RM 100 aid each to 5.3 million
students: RM 530 million.
RM 500 for 3.4 million households: RM
1.8 billion,
Civil servants increment 7% - 13%,
Money given today will be taken back via
GST tomorrow – Anil Netto: Atimes
48. 56
WHAT ARE THE PIIGS ?
P: Portugal
I: Ireland
I: Italy
G: Greece
S: Spain
49. 57
WHAT HAPPENS WHEN PIIGS DEFAULT ?
• THEY GET SLAUGHTERED !
• Bond yields shoot sky-high
• Is that Malaysia’s fate ?
50. 58
GREECE
• Bond-buyers have to take a hair-cut !
In late October 2011, euro-zone
governments called on Greece to secure
a 50% write-down on the debt held by
private creditors. Greece offered 25%
only.
Must charge very high interest to
compensate – more than 100%!
Source: Wallstreet Journal
51. 59
• We have oil palm!
• We have oil & gas!
• We have electronics & electricals!
• We have high savings rate – EPF!
BUT MALAYSIA IS DIFFERENT !
52. 60
In 2009, Robert Kuok was forced to sell
off his sugar monopoly to some
“businessmen”.
Don’t mess with Robert !Kuok.
How has it hurt us?
• Robert Kuok invested in the world’s
largest sugar mill in Australia. Our
international sugar price went up.
54. 62
Oil palm: Najib asked China to increase oil palm
import from Malaysia but no deal.
• Why?
• Robert Kuok’s Arowana Cooking Oil controls
40% of China domestic oil palm refining
• Then Robert Kuok decided to invest
USD 10 B in Indonesia oil palm. That’s our
lowest-cost competitor! Will it hurt us?
Blowback from grab of Robert
Kuok’s sugar business in
Malaysia (click to see link)
55. 63
• We become net importer by 2014,
2015!
• Govt demanding more and more
money from Petronas.
• Petronas tried to stop the outflow.
• So previous CEO forced out & replaced
with Najib nominee.
• Ex-CEO now working for Singapore.
BUT WE STILL HAVE
OIL & GAS.
56. 64
• This depends on foreign countries.
• Europe is in serious trouble.
• So’s the US.
• Even China is having a housing bubble
and if her exports are hit for her biggest
market (Europe), she will import less
from Malaysia.
• Outlook does not look good.
WHAT ABOUT
ELECTRONICS &
ELECTRICALS?
57. 65
NOTHING CAN HAPPEN TO CHINA !
Property crashing - Chinese ghost town:
http://www.tindakmalaysia.com/showthread.php/1928-China-Crash-Coming-China-That-Urban-Empty-
Feeling?highlight=china+ghost+cities
58. The soft landing view foresees Chinese
central technocrats responding timely
with well-calibrated fiscal and monetary
policies that maintain GDP growth of
around 8%, the annual rate Beijing must
achieve to absorb new graduates into
the work force and keep unemployment
manageable.
66
59. The hard landing scenario predicts that an
uncontrolled implosion of the property
market will unleash waves of wealth
destruction, a credit crunch and
consumption collapse that no amount of
government intervention will be able to
meaningfully forestall.
Southeast Asia will inevitably be among the
worst hit by a soft or hard landing in China.
http://atimes.com/atimes/Southeast_Asia/ML
22Ae02.html
67
60. 68
• Malaysia cannot borrow cheaply from
international market as we are in the
same situation as Greece.
• So they tap into EPF for cheap funding.
• By now 60% is gone!
• That’s our retirement savings!
OUR GOOD OLD EPF
WILL SAVE US !
Don’t feel bad. Govts do this as a matter of routine when they
get into trouble.
http://malaysiatoday.com/wp-content/uploads/2011/11/EPF-in-
Trouble2.pdf
61. 69
IMPLICATIONS: INTERNATIONAL BAILOUT
Greece outlook: Look at Greece’s situation
• Expulsion from EU,
• New currency with massive devaluation,
• Job loss,
• Drop in wages,
• Sale of state assets,
• Cost-cutting – pensions, subsidies, civil
service, welfare aid, govt services,
62. 70
• Petronas, banks and insurance cos
forced to buy low interest Govt bonds,
• Equivalent loans from international
market will exceed 10% interest,
LOCAL IMPLICATIONS
http://www.themalaysianinsider.com/malaysia/article/civil-
servants-fear-losing-jobs-in-iwk-restructure/
Restructuring and down-sizing Govt,
slash pensions, subsidies, govt services.
63. 71
DO THE BUSINESS PEOPLE KNOW?
RM 39,000/person!
Highest in the world per capita!
GFI reports that
Malaysia lost USD 338
Billion (RM 1.08 trillion)
from year 2000 – 2009.
5th largest in the world!
64. 72
How much is RM 1.08 Trillion?
RM 100 notes
stacked all the way
from Singapore to
Phuket!
For the smallest 112 seats,
each voter lost RM 73,000
Equal 75% of US Govt’s gold in Fort Knox!
65. 73
Equal to RM 100
notes stacked all
the way from
Singapore to
Phuket!
Capital flight
RM 150 B in 2009,
24% of GDP !
Where did this
money come from ?
3 x KL MRT
RM 250,000/family !
Watch out for a
currency crash!
70. 78
Never mind, they will find some suckers in the KLSE
to buy their shares during listing.
Lim Teck Ghee warning.
FELDA:
Dr. Tan Kee Kwong, ex-Dep Min of Primary
Industries: In 2001, FELDA had RM 4.5B
cash. They should make RM 2 B per year.
By 2011 they should have RM 25B cash.
Instead, they owe EPF RM 6.5 B. Why ?
71. 79
KL MRT 12 times cost of
Beijing – Shanghai High Speed Train.
Not economical – sure bankrupt.
73. 81
• Sg Besi Airport
land, worth RM
5.2 B but sold for
only RM 1.6 B !
74. 82
• Regain 2/3 majority to shore up power,
• Put all the laws in place to control
dissent,
• Push country to bankruptcy.
• Bring IMF in to do the dirty work,
• Millions lose their jobs,
• Civil servants chopped by 2/3,
WHAT’S THE PLAN?
75. 84
• Public Assembly Bill passed to prepare for
repression by the police
PREPARING FOR UNREST !
As law-abiding citizens, it is our duty to obey the law.
Let all Malaysians stay home for 1 week!
76. 85
1st JAN 2012: START OF POLICE STATE ?
UPSI 01.01.12: The president of undergraduate movement Bebas, Muhammad
Safwan Anang taken to Slim River hospital in critical condition
77. 86
EVENTS OUTSIDE OUR CONTROL
• SOVEREIGN DEFAULT:
• Italy,
• Greece,
• Spain,
• France,
• UK,
• US,
• China
78. 87
WHAT ARE THE DANGERS ?
• Banks or bank holidays,
• Capital control,
• Commercial property & housing,
• Borrowings and high-gearing for
businesses,
• Mortgages for speculative investments,
• Shares,
• Mutual funds,
• EPF.
• Police State
82. Where Will We End Up??
1. Uneven development along group lines,
2. Criminalization &/or delegitimisation of the State,
3. Progressive deterioration of public services,
4. Widespread violation of human rights,
5. Security apparatus as “state within a state”,
6. Rise of factionalised elites
7. Demographic pressures,
8. Massive amount of refugees,
9. Legacy of vengeance-seeking groups over past grievances,
10. Chronic & sustained human flight,
11. Sharp & severe economic decline,
12. Intervention of other states or external factors.
12 FACTORS OF A FAILED STATE.
WE ARE HALF-WAY THERE
84. 93
IS THERE HOPE ?
1. When nearing bankruptcy...
• A country’s best chance of survival is for
foreign investors to bring money in.
• Will they come in if its management is
corrupt?
2. Do you want to hold corrupt leaders to
account?
3. There are 198 non-violent methods –
http://www.aeinstein.org/organizations/org/
198_methods-1.pdf
85. 94For simplification: Use mental models!
1ST UNDERSTAND THE SYSTEM
Study tindakmalaysia.com:
• History
• Religion
• Psychology
• Social
• Trends
• Finance & economics
• Politics
• Strategies of non-violent self-defense
90. SYSTEM DEPENDS ON CASH-FLOW
LOYALTY ISTO MONEY
SYSTEM BREAKS DOWNWHEN CASH-FLOW
STOPS
99
91. 100
HOW DOES THAT HAPPEN ?
Leverage 100x
4 million foreigners
Are banks safe?
Are jobs safe?
http://www.imi.gov.my/index.php?option=com_content&view=article&id=524%3Ajumlah-statistik-pekerja-asing-sah-dan-pati-
yang-telah-didaftarkan-menerusi-program-6p-sehingga-18-ogos-2011&catid=1%3Aberita-terkini&lang=bm
94. 103
WHAT WE NEED !
The US: A depression does a lot of good.
It wipes out bad investments and eliminates bad speculators.
It forces capital into more productive, more profitable uses.
It kills off zombie industries.
It retires worn-out industries and reduces costs so that new
industries can arise.
It’s the ‘destruction’ that Schumpeter’s ‘creative destruction’
needs.
Solution for US Debt:
http://www.tindakmalaysia.com/showthread.php/4259-NIANswers-
FAQ?p=11708#post11708
Same for Malaysia.
We cannot ignore the laws of economics for too long.
96. HOW DO I PROTECT MYSELF ?
• Bank savings: Convert to gold bullion,
• Pensions: Withdraw if possible,
• Stocks and mutual funds: Sell all,
• Insurance: Give it up,
• Taxes: Minimize exposure through
incorporation,
• Commercial property: Sell,
105
97. 106
HOW DO I PROTECT MYSELF ?
• Stock up on essentials & dried-food,
• Food-growing land –
move to the countryside!
• Housing: Sell. Keep only 1 to stay,
• Businesses: Minimize loans,
• Life-style: Cut down on expenditure,
• Financial: Reduce debt,
• Barter trade
98. 107
PREPARING FOR A HARSH FUTURE
• Don’t accept whatever is said today.
• Do you own due diligence.
• Monitor future events carefully and
compare with what is said today to see
if it makes sense.
• Use the knowledge wisely to protect
yourselves, your family & your friends.
• Help one another.
• Our best protection is National Unity.
99. 108
FURTHER READING
Banking & debt, simply-explained.
http://www.youtube.com/watch?v=tGk5ioEXlIM&featur
e=player_embedded
Teh Chi Chang’s analysis: The Budget & it’s Shadow.
High Alert!
http://thedailybell.com/Public/Files/High%20Alert%20-
%203rd%20Edition(1).pdf
198 Ways To Bring Down A Dictatorship.
**** PACABA 0 Thread & Tindakmalaysia.com ****
100. 109
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Editor's Notes
While waiting for people to come in, play M4C Part 1.Preamble for audience: Good news. Unexpected outcome but the best one possible out of many bad ones.
Started a forum to put my ideas down. Build the information database.
Life Cycles. We must learn to recognize attempts at cultural genocide as part of psychological warfare and be brave enough to verbalize it to create a mass consciousness to resist it. Otherwise, we end up with the Boiled Frog Syndrome.
This is in the middle-east. But it could just as well be here. From the perspective of psychological warfare, it is necessary to understand that UMNO was founded on a lie and they have been lying to the people from day 1.
We think the solution is in politics. That is what politicians want you to think. Look at what is happening around the world. You may get a different answer.
That is psychological warfare. Similarly, all politicians on both sides of the political divide want you to think that change is only possible through politics. That way they control you.
After gerrymanderring, Party 2 win 3 seats while party 1 win 1 seat.
Top right box: Story - We have minority ethnic groups demanding special consideration due to the perceived importance of their votes. Are they a factor in these 139 seats? Do the Bumis need to worry about losing power?
Was this by accident?
The people who designed this are brilliant.
Once they have a 2/3 majority, is the BN capable of creating 200 Putrajaya’s? Look at their past record and judge for yourself.
When we look at the 112 smallest parliamentary seats, Putrajaya is sitting on top of the pyramid. Most of the remainder fall in the lower-income group. Is that a coincidence or by design? Dark blue and light blue are Sarawak and Sabah respectively.
Is poverty in Sabah and Sarawak by accident? Are poor roads, communications, education, healthcare, water, electricity by accident? No! It’s to keep the people poor so they are easier to control. It’s to give the incumbent an advantage during elections as they control the media and by extension, the minds of the people. They use greed and fear to intimidate the people – TuaiRumah, vote buying, threats about the secrecy of their votes. Contrast Putrajaya with the rural areas in Sabah/Sarawak.
There are 2 primary sources of exploitation.Exploit the Rats by stealing their time in the Rat Race (the Economic System),Steal the resources of the land.
This is the power structure in our country. A small group at the top controls everything, eating the meat and leaving the bones to us. The states with the highest incidence of poverty have the largest no. of small Parliamentary seats. Keep them poor so it is easier to control and to buy their votes.Compare with Singapore: 5 million. Did you know that more than half of Singapore's population (of nearly 5 million people) falls within the world's top 8.8% wealth bracket? The country's average wealth per adult is nearly $300,000 (USD) and rising. http://www.sovereignman.com/expat/three-countries-where-youll-want-to-have-exposure/
Our Constitution has become unrecognizable. When did the change come about?
England has started rationalising their seats to make it more even.
The aim is for 99% of the seats to fall within 5% of the national limit by 2015. If we are aiming for Wawasan 2020, should we not upgrade our electoral systems to First World standard as well?
Let’s look at the Social segment
Let’s look around for examples.
Do we want this? No!What’s next?
Caution: We don’t have all the numbers. There may be some double-counting. And we are happy if we can be proven wrong.
USD 44.6 Bllion was rolled over last year. That’s 86% of 2010 Federal revenue.
Just to show that the numbers are not a figment of our imagination.Screenshot from Bloomberg report. Need subscription to access.
Let’s have more fun. Only 10 GLC’s (Govt-linked cos). USD 19.5 B.
By Jun 2011 domestic debt has increased from RM 390 B to RM 421 B (increase by RM 31 B = USD 10 B). Debt increase 20% per year! Very high!
We have gone past Greece. They collapsed in May 2010 at 134% Debt/GDP. What is GDP? Gross domestic product. We go bankrupt by 2013
At the rate operating expenditure is growing, we run out of money very soon. So pensions and civil service jobs will need to be chopped.
Are these the actions of a responsible Govt? Spending money that we don’t have and throwing the burden to future generations.
People will start to look for scape-goats. Politicians, civil service, pensioners. Black hands will try to trigger civil unrest. Remember Indonesia in 1998.
Let’s look elsewhere for answers.
Countries get into trouble when their bonds interest exceed 7%. That is why Italy is shaky. Greece bond yields very unstable. Previously 21%. Is that the reason why Malaysia dare not go to the international market, preferring to take from EPF and the banks? How long can this last?
Bond-buyers will lump Malaysia in the same category.
International sugar price went up and came down. But local price went up and never came down. Point at the international sugar price going down and contrast with domestic price going up over same period.
And Indonesia is a much lower-cost producer than us. Is Robert Kuok trying to send us a message?
Who was the CEO? HasanMerican
In China, it’s not an issue of whether it’s going to crash. The question is whether it is going to be soft or hard?
Do you want to wait and find out?
The US owns the largest gold holding in the world – 8,800 tonnes. It is supposed to be kept in Fort Knox. What we have lost through illicit outflow is equivalent to ¾ of the Fort Knox gold.Take 112 smallest seats. 3.698 million voters. RM 540 billion loss over 5 years. Take 50%. RM 270 billion. Loss per voter RM 73,000! What about the money still in the country? Now, do you understand why you are so poor?For some people, it seems their decision is based on the last incentive given to them just before they reach the ballot box.
What is the cause of currency flight?Illegal money,CorruptionPoor local investment climate,People lose confidence in the Govt and political stability,Fear of currency devaluation due to too high debts, Iran’s example - http://www.tindakmalaysia.com/showthread.php/4284-Economics-Iran-s-central-bank-faces-lost-rial-battle?p=11751#post11751Mispricing of MNC exports
Play the video M4C Part 2
Discussion of this topic will take 20 – 30 minutes. For the purpose of our discussion today, just take our figures that the extra cost isRM 1.1 Million per middle-class couple over 50 years. For a poor family, it’s RM 300,000. Not paying attention to elections can be very expensive.
FELDA should have RM 25 B but today owes EPF RM 6.5 B. Why is workers’ pension fund used to bail out FELDA?Follow FELDA saga here: http://www.tindakmalaysia.com/showthread.php/3974-FELDA-Harapkan-Pagar-Pagar-Makan-Padi
KL MRT: 25% of Federal Revenue. What about Agong’s Palace 800 M? RM 400 B wasted on unproductive projects. RM 889 B illegal transfer.
Original name of airport as proposed by Sime Darby was KLIA-East@Labu (http://www.tindakmalaysia.com/showthread.php/606-Sime-Darby-gets-OK-for-KLIA-East-Labu-KLIA2). In Jan 2009, the cost was estimated at RM 1.6B (http://www.themalaysianinsider.com/search/results/3a6a3703002604f8ca4ec944b0513259/). This has now ballooned to RM 3.9 B with an increase of passenger traffic from 30 million to 45 million a year.
I believe the land should be worth more than 10B. Why are we giving it away at fire-sale price?
If we want to see the future, study the past and the present situation in other countries – Argentina, Brazil, Greece, Hungary, Weimar Germany.
If Parliament is dissolved before the BERSIH 2.0 8 Demands are met, let’s obey the Peaceful Assembly Law and stay home for 1 week.
Someone claimed that bank deposits are guaranteed up to RM 250K. It’s obvious such people have not seen a country going bankrupt!
It’s our turn
Personal story: Nov 2007.
We have achieved half of them.
Not long to go.
Famous phrases that has been proven over time and useful to remember constantly:Power corrupts, absolute power corrupts absolutely, (Lord Acton or First Baron Acton or John Emerich Edward Dalberg-Acton (1834-1902) http://www.phrases.org.uk/meanings/absolute-power-corrupts-absolutely.html)Those who do not learn from history are doomed to repeat it, George Santayana (1863-1952) (http://wiki.answers.com/Q/Who_said_Those_who_do_not_learn_from_the_past_are_doomed_to_repeat_it)Patriotism is the last refuge of a scoundrel, Samuel Johnson (http://www.samueljohnson.com/refuge.html)Watch the movie “The Matrix”. Instead of using a computer chip, the rulers use a software called “psychological warfare”.
This is the power structure in our country. A small group at the top controls everything, eating the meat and leaving the bones to us.
UMNO uses this model to suppress the people. This is just a model. You can create other models to explain what is happening.
This is a detailed chart of the various elements in UMNO’s Framework of Suppression. Every ministry, every govt body is involved to ensure UMNO’s continued rule. PERKASA – Is that a social or anti-social organisation? The most important of them all is the UMNO War Machine. What is that?
Where are these people? Jusa [JawatanUtamaSektorAwam]. They are the ones with the super-high salaries. If BN loses, will these people give way quietly? The red ones were the most active during the Perak power grab in Feb 2009.
Look beyond politics.
Foreign workers: Official 2.3 million. Estimated untracked 1.7 million. Total 4 million.Solution: The Rat Race System depends on cash-flow. Cash-flow depends on confidence of the Rats in the financial system. This finances corruption? Bank deposits, lottery tickets.When confidence is lost, Rats pull money out of the system and it collapses rapidly due to deleveraging.Foreign labour will leave when there are no more jobs.
What happens when cashflow is squeezed? There is not enough money to go round and the corrupt leaders will fight among themselves over the shrinking pie. The economy shrinks, increasing the people’s unhappiness with leaders they see are corrupt. The UMNO War Machine will slowly grind to a halt without money. This is a complicated slide. Explaining it will take a 1-hour video.
If trust in the system breaks, the Rat heads for the exits. Solution: The Rat Race System depends on cash-flow. Cash-flow depends on confidence of the Rats in the financial system. This finances corruption? Bank deposits, lottery tickets.When confidence is lost, Rats pull money out of the system and it collapses rapidly due to deleveraging.Foreign labour will leave when there are no more jobs.
Start exploring possibilities. Schumpeter: Capitalism, Socialism and Democracy - http://en.wikipedia.org/wiki/Capitalism,_Socialism_and_Democracy. Creative destruction - http://transcriptions.english.ucsb.edu/archive/courses/liu/english25/materials/schumpeter.htmlMaybe the solution is found outside Malaysia. A change of govt alone does not solve our problems. It needs a change of mindset and attitude.
Understand that life goes in cycles. We may be caught in an economic cycle outside our control. There is nothing in the holy books that says Malaysia is special and can behave outside the laws of economics.Don’t feel depressed. Malaysia will rise again once we are freed of the scourge eating up the nation.
Objections: It’s not safe to buy gold.Response: Show Nokia E90 phone, 2cmx5.7cmx13.3cm. Ask audience the value of equivalent gold bar – RM 600K.Can keep RM 600 k in the bra.Have you tried carrying cash RM 600 k in your pocket? (RM 50 notes, 1.2 m high.) Typical response is “No.”Tell audience: It’s all in your head. It’s only fear that stops your from acting in your best interests.Next point: Don’t put a sticker on your forehead saying: “I am carrying gold bars!”Objection: Giving up my insurance will cause me to lose a lot of money.Response: In Zimbabwe, the Central Bank chopped 5 zeros from the Zimbabwe dollar. What’s the point of having 1 million insurance if that happens. You pay money today for smaller money tomorrow.
Observe how people in other countries take pro-active action to protect themselves. This is what I am doing. I am not telling you what to do. You have to decide for yourselves.
Basically, I am optimistic. People will only change when they are in pain, massive pain but it is necessary for us to go through this process to become a normal nation. This is a reset. Then we start catching up with Singapore and the rest. We have been held back for too long.
Read and understand. Don’t accept blindly. It’s your future. You will pay the price for your mistakes and enjoy the benefits of the right decisions.
The path to freedom requires us to understand what is psychological warfare, develop self defense techniques and a change in our mindset to put it in motion. Join Tindak Malaysia to learn more.May you be Free and Happy. Thank you for listening