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I forgot I have this blog!

I Google my full name today I found that I have this blog, which I have totally forgotten.

The last post I have was in year 2011 and it is more than 3 years and within last three years a lot of changes and I have moved to another blog www.askchong.com and  www.MSolutionsAdvisory.com and subsequently www.Facebook.com/CnpsAdvisory and www.Facebook.com/MSolutionsAdvisory.

Left my last full time employment in year 2012 and now on my own running comprehensive financial services mainly for corporate clients, which including

1. Accounting and Business Advisory
2. GST Advisory and Training
3. Corporate Insurance Program
4. Employee Benefits Program
5. Corporate Cash Management
6. Business Succession and Estate Planning for directors

Now working together with Excellentte Consultancy, the Financial Adviser licensed by Bank Negara, which has given me a great deal of expanding my scope of services (for my clients) as well as earning capacity.

Middle Class - how are you?

Middle class problem in modern economy.

After reading the interview from people in the so-called "middle class", sincerely I do feel that in Malaysia, earning a household income of above RM3,000 (gross income) is not considered as "middle class" but merely in the middle of Low-Income group and Medium-Income group.

Never mind the classification, it is no longer good to be in the middle class, USA has the biggest middle income group and now is suffering from higher effective tax rate and lower income prospect.

Work harder can only ensure survival, as the increase of cost of living is outrun the increase of salary, we need to work smarter as well as harder in order to enjoy a better life. Well, for me, work smarter include looking for extra source of income at lowest possible cost (i.e. required number of hours).

More reading: The Star, 16 October 2011, Tackling Woes of the middle class.

I support Tony Pua's book - The Tiger That Lost Its Roar

http://tonypua.blogspot.com/2011/05/tiger-that-lost-its-roar-out-now.html

I ordered 2 books today (buy extra one book for friend) .... looking forward to received it and read it.

I love Coffee but not the Sugar

Can you imagine that you have put into your body 1 kg of sugar within next 47 days if you just drink 1 cup of SUPER 3 in 1 White Coffee a day?

One pack (serving size of 40g) contains 21g of sugar.... not to mention the FAT of another 5.2g. No wonder I have gain some weight after drinking for this type of "package coffee".

"Brain drain" vs "Brain from the drain"

Interesting statistic from World Bank.

If Malaysia has 27 million population, then it is about 3.7% was "drained away". If out of 27 million population,  14 million are aged between 21 to 55, then it is about 7.1% was "drained away". Interestingly, most of the "drained away" were Chinese.

What left in the system mainly are the "brain from the drain" - read here.

Read here from Lim Kit Siang's blog.
Read here for Tony Pua's blog.

Donate to better your country

Click below to donate now

http://sarawak4change.com/sumbangan/online-contribution/

What’s important, and what’s not

What’s important, and what’s not

Why spend time and energy on Sex Scandal when the general public having lots of problem...

Interlok issue is not resolved

Say NO to Interlok.

Interlok is a beach head for the Little Napoleons and other Ketuanan bureaucrats to impose their agenda of educational and cultural seppuku on a young captive audience.

Interlok issue is not resolved

Philosophy Politics Economics: "Some Contracts Just Cannot Tender Out"

Philosophy Politics Economics: "Some Contracts Just Cannot Tender Out": "The Prime Minister fails to grasp the concept of “open tenders” and contradicts himself with exceptions without basis We welcome the call b..."

Bye bye to Maxis

Contract with Maxis will be ended on 11 July 2011. So on 12 July 2011, I can port my numbers to other telcos.

Why I want to terminate?

It is a sad story. As Maxis user over last 2 years, I have been charged for 3rd time for the usage of data over the monthly quota, this time RM250 and Maxis holds a strong position to charge me. Maxis is right, legally. So, what is next for me? The only way is OUT.

Going to Digi because no such thing as "charges for usage of data over the monthly quota". As a user, I will have no worry on the usage and can use the data freely without thinking and calculating the usage.

What went wrong with Malaysia? Life Gets Harder in Malaysia

Malaysia’s economy has indeed been growing at 6%-8% a year for most of the past two decades. But GDP growth figures do not translate into general economic wellbeing as the disparity in income between the haves and the have-nots has moved steadily wider. 
By Kenny Gan

A long article but with detailed elaboration of the problem facing by common man and women in Malaysia. You just have to read it.

Source: www.Malaysia-Today.net.

Who are the victims of insurance fraud?

Many will think that there are no victim or the victim is insurance company but the answer is YOU.

Fingers have been chopped off, medical ailments exaggerated and even death faked – all for the purpose of fraudulent insurance claims. The problem is widespread and insurance companies have lost hundred of millions of ringgit, forcing them to push up premium rates and pass on the cost to other consumers.

Therefore, You - the Consumer, will have to bear the cost of Fraud.

Promotion from Standard Chartered Bank Credit Card

Standard Chartered Credit Cards Promotion

Get a guaranteed gift or stand a chance to win an iPad when you spend RM4,000 or more with your Standard Chartered credit card during these spend periods:

10th December 2010 till 9th January 2011 - SMS on 18th January 2011 from 9am till 12pm
10th January 2011 tilll 9th February 2011- - SMS on 18th February 2011 from 9am till 12pm

Grand Prize (200 to give away in total) - iPad 64GB WiFi + 3G (worth RM2,599)
Guaranteed Gifts - Philips 7" Digital Photo Frame (worth RM269)

Visit website to find out how to participate.

Terms and conditions apply.

Visit any Standard Chartered branch or call 1 300 880 388 for enquiries.

(This information was published in December 2010)

 

Terms and Conditions:
•	Winners for each Spend Period will be announced 8 weeks from the SMS date.
•	Grand Prize winner selection is based on every 1,000th Cardholder that sends in their SMS on each SMS date. (ie 1,000th, 2,000th, 3,000th, up to 100,000th Cardholder for the SMS date).
•	On-going installment payment, and any other fees howsoever called, including but not limited to annual fees, Cash Advance fees, Cash Advance, Balance Transfers, Debit Card, Interest and late fees are not eligible for this Promotion. Charges posed to the account of all Supplementary Cardholders will be awarded to the Principal Cardholder
•	Sending and receiving of SMS is service provider-dependent and is beyond the control of SCBMB. There can be significant delays in the sending or receiving of an SMS. SCBMB is not responsible in any manner whatsoever for any delay howsoever caused in the sending or receiving of the SMS. The Cardholder shall be solely responsible for all fees and charges imposed by the service provider for the sending and receiving of the SMS.
•	For each Qualifying Spend Period, a Cardholder is only eligible to win one (1) prize.
•	The above is merely an excerpt of the Year End Spend Terms and Conditions. Please click here for the complete set of the same.

External Links:

http://www.standardchartered.com.my/personal-banking/latest-prom...
http://www.standardchartered.com.my

 

Income Tax Act 1967, Malaysia

Link to Income Tax Act 1967, click here.

Rakyat to pay for mismanagement?

Chong Kong Hui (@chongkonghui) has shared a Tweet with you:

"teresakok: How SYABAS is stealing billions of our money from under our noses http://bit.ly/syabasleaks Pls RT"
--http://twitter.com/teresakok/status/10161652821393408

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Why auto-renewal more expensive than new sign up?

Product: McAfee Internet Security
Problem: Auto Renewed at USD69.99 while current offer at USD39.99
Complaint Number 596416594

To look into this Refund Policy to get back my USD69.99....

Can you accept this non-sense marketing? I will rather to terminate now and sign up later to save USD30.00

Digi & iPhone

Port-in from Maxis to Digi effective within 24 hours... very fast. However, went back to Digi Centre SS2 today to complete the registration and collection for the iPhone but only was told system down! Do do nothing and waste a trip (time & money).

What a bad luck... How come it is so difficult for us just to buy something?

Port to Digi for iPhone

Went to Digi Centre at SS2 Petaling Jaya this afternoon to port from Maxis to Digi for the iPhone.

Digi's iPhone plan more worthwhile (for me) as I had "kena" twice by Maxis for usage over the internet quota, which can be very "shocking" because Maxis charge RM0.10 per 10KB of data usage!!!

Back to Digi Centre, some people have waited for 4 hours + just to collect the iPhone after the port-in successful. I am lucky because someone give me another queue number that potentially shorten my total waiting time from 3 hours or more to 2 hours.

Very disappointed with Digi's way to handle the overwhelming demand... not efficient at all. Too bad, have to go back there again to collect Digi

YTL Yes Life

Finally.... received email confirmation on my pre-registered YES ID. Managed to login with YES Life but can't do anything else because no credit yet....

Emm... When to buy the credit? After Data plan with Maxis expire next year July?