Posted by stockraider > 2018-09-11 18:42 | Report Abuse

Yes start with khazanah....can raise at least rm 100 billion loh....!!

Posted by chinaman > 2018-09-11 18:44 | Report Abuse

All GLC monopoly, oligopoly in many ind. must be privatised, sold to settle govt. debts. Govt. must doing policy making by provide fair playing field, and to avoid conflict on interest. Put all professionals, not politicians in body like EPF, PNB.

Posted by EngineeringProfit > 2018-09-11 18:45 | Report Abuse

GIGO.....garbage in....garbage out


Which way we are heading......?


Our elaborative history text for school has failed the students in learning from history


For example:


Academics have pinpointed the exact period in which Muslims began turning away from scientific innovation – the 11th century.



Nizam al-Mulk had created a system of education known as "Nizamiyah" that focused on religious studies at the expense of independent inquiry.



For the first time in Islamic history, religious studies became institutionalised and religious studies were seen as a more lucrative career path. Previously, sciences and Islamic law were intertwined.



​​Not only did Nizamiyah colleges focus on religion but they also adopted a narrow Sunni interpretation of Islamic jurisprudence as the source of curricula: the Shafi'i school. The choice was not arbitrary. The Shafi'i school focused on the fundamentalist principles of Sharia and disdained the rationalist approach that had gained momentum during the reigns of Damascus-based Umayyad dynasty and the Baghdad-based Abbasid dynasty.


........



https://en.qantara.de/content/the-decline-of-islamic-scientific-though...

Posted by EngineeringProfit > 2018-09-11 18:48 | Report Abuse

After politics.....next our edu and econ are in dire need for detoxification

Posted by stockraider > 2018-09-11 18:53 |

Post removed.Why?

Posted by chinaman > 2018-09-11 18:56 | Report Abuse

PETALING JAYA: Civil servants may have to contribute to their own retirement income in the future, the head of the agency which has taken over the government’s pension operation said recently.

In an interview with TheSun, Retirement Fund Inc (KWAP) CEO Wan Kamaruzaman Wan Ahmad said it could be similar to how private sector employees contribute to the Employees Provident Fund (EPF).

“For all you know they (the government) may decide that this (current) scheme is unsustainable, we may move to the EPF (type) scheme,” Wan Kamaruzaman was quoted as saying.

The current pension scheme for civil servants is called “defined benefit”, wherein only the government and other employers of civil servants, such as statutory bodies and local authorities, will contribute.


With this scheme, pensioners are assured half their last drawn salary for life after they retire at age 60. A spouse will receive the same in the event of a pensioner’s death.

Wan Kamaruzaman said the EPF-style contribution scheme, called “defined contribution” may also enable the government to gradually reduce its burden of the ever-growing pension liabilities. The current scheme sees the government placed with a liability amounting to some RM300 billion.

“Let’s say in future, five years down the road, new civil servants will be on defined contribution, so KWAP will be managing both a defined benefit and a defined contribution scheme, that is how I see it go. Because this is just too good to last,” Wan Kamaruzaman said, according to the local English daily.

It was previously reported that Prime Minister Najib Razak had also acknowledged that the current scheme is not sustainable for the long term, thereby suggesting that an alternative scheme may be in the works.

“With the current civil service strength numbering 1.6 million, moving to a ‘defined contribution’ model will take strong political will,” Kamaruzaman said.

KWAP runs the entire pension operations for the government and all other employers of civil servants, after having absorbed the entire public pension department that had previously been under the Public Services Department. All 250 employees of the department are now based at KWAP’s office in Cyberjaya.

Since November 2015, the company has also taken over from the government’s monthly operation of paying out pensions to the 700,000 retirees. This was made possible following an amendment made to the Retirement Fund Act 2007 early last year.

However, the funds for such disbursement still come from the government, while KWAP is paid an administration fee.

Posted by chinaman > 2018-09-11 18:59 | Report Abuse

serious reform in civil servants' pensioners are required before this time bomb explode one day

Posted by stockraider > 2018-09-11 19:01 | Report Abuse

Yes...u can start ....to look at....the unpopular govt remuneration cost.....but be prepare to lose this 1.6 million vote bank loh...!!

Need to becareful loh.....!!

Posted by EngineeringProfit > 2018-09-11 19:04 | Report Abuse

......another bad move......besides stopping cash handouts


Not everything needs stopping and to be reformed


Here......just refine.....some fine tuning will be great

Posted by stockraider > 2018-09-11 19:07 | Report Abuse

What rubbish....handout leh ???

Get....them to do something....productive b4....giving unproductive handout like brim for nothing loh....!!

Maybe...like weekend....go clean up the beach or city street ....b4 entitle the brim mah....!!

Posted by chinaman > 2018-09-11 19:09 | Report Abuse

if new malaysia reluctant to bite this bullet due to concern on 1.6million civil servants' backlash...read below huge implication...
EU PENSION fund for Euro MPs is almost bankrupt and will have to be bailed out by taxpayers, it has been revealed. Germany's biggest newspaper Bild reported it has seen paperwork indicating a shortfall of millions of euros which means the pension fund will collapse by 2026 at the latest.

It cited an internal opinion of the Secretary-General of the European Parliament, Klaus Welle, for the Committee on Budgetary Regulation.

The endangered fund closed to new members in 2009 and, by the end of 2016, held assets worth €146.4 million.

But by then the fund's liabilities - the outstanding pension entitlements of the lawmakers - already stood at a staggering €472.6 million.

Posted by EngineeringProfit > 2018-09-11 19:11 | Report Abuse

No harm to top up those needy.....stricting deserving and worthy ones only


smamny.......overwokrked.....till no family time.....

......7 days week......12 hours shift.....

Posted by EngineeringProfit > 2018-09-11 19:12 | Report Abuse

Some refinement is of paramount importance. ......no doubt

Posted by stockraider > 2018-09-11 19:13 | Report Abuse

Correctloh...like greece govt servant....the taiko govt very protective of them loh....but no choice mah....financial crisis.....the greece govt bankrupt no choice....to bite the bullet loh....!!

Posted by chinaman > 2018-09-11 19:16 | Report Abuse

Greece is different from us. it got grandfather rich germany to bail them out. Malaysia if bankcrupt, who is our grandpa? wakaka

Posted by stockraider > 2018-09-11 19:20 | Report Abuse

actually germany did not treat the greek....like sayang sayang....ampu...ampu loh....they are given very bitter medicine...just like IMF loh.....!!

Furthermore...greek cannot devalue their euro loh.....!!

Msia better position....can be more flexible....can borrow imf or impose exchange control or can devalue the ringgit further loh.....!!

Posted by EngineeringProfit > 2018-09-11 19:22 | Report Abuse

We got Lee Kwan Yew's legacy......Singapore

....hehe


(under the right gomen.............who knows........rebound and
............ soon RM would have same value as Aussie....hehe)



yes....we are differwnt.......rich in natural resources (poor in human re.....)

Posted by stockraider > 2018-09-11 19:27 | Report Abuse

U think msia can like spore meh ???

Just forest city....kacau already loh.....!!

Posted by EngineeringProfit > Sep 11, 2018 07:22 PM | Report Abuse

We got Lee Kwan Yew's legacy......Singapore

....hehe


(under the right gomen.............who knows........rebound and
............ soon RM would have same value as Aussie....hehe)



yes....we are differwnt.......rich in natural resources (poor in human re.....)

Posted by EngineeringProfit > 2018-09-11 19:28 | Report Abuse

an excellent leader can turn every challenge into opportunity...


.......Forest City to be the second Singapore


haha

Posted by EngineeringProfit > 2018-09-11 19:30 | Report Abuse

(similarly....an excellent trader can make profit in any market......bull....or bear........recession or boom(

Posted by stockraider > 2018-09-11 19:33 | Report Abuse

When it heavy rain outside...u buka pasar stall...ur business sure no good mah..!!

Posted by EngineeringProfit > Sep 11, 2018 07:30 PM | Report Abuse

(similarly....an excellent trader can make profit in any market......bull....or bear........recession or boom(