Posted by 3b2b > 2021-11-08 09:38 | Report Abuse

Is a teacher a civil servant UK?
Who exactly are civil servants? ... In this way, civil servants are defined much more narrowly than public sector workers; police, teachers, NHS staff, members of the armed forces or local government officers are not counted as civil servants.

How many state school teachers are there in the UK?
The size of the school workforce

In 2020/21, the full-time equivalent (FTE) of 963,000 people were working in state-funded schools in England. Of these, nearly half were teachers, most of which (97%) held qualified teacher status.17 Jun 2021

Posted by calvintaneng > 2021-11-08 10:10 | Report Abuse

When it is raining at least look at the brighter side

There is a rainbow after all

With all the extra taxes Palm oil will be doing extremely well

Posted by sensonic > 2021-11-08 10:31 | Report Abuse

UNCLE K, TAX IS GOOD FOR COUNTRY DEVELOPMENT.

Posted by ahbah > 2021-11-08 10:38 | Report Abuse

Agreed, good for dev.

but somehow I am badly wounded by the mkt.

Posted by amateurJR > 2021-11-08 10:40 | Report Abuse

The current incompetent govt wont consider your opinion at all.

Posted by Sslee > 2021-11-08 10:46 | Report Abuse

Our Taxation system is Heading for an Economic Disaster.
By Richard De Lon
Instead of implementing windfall tax, inheritance tax, RGPT tax, SST, Tax GST tax and a host of other minor taxes in order to fill up the depleting nation's coffers, its about time our govt start imposing tax on all Malaysians irrespective of race.
The present system of taxing only non-malays while the majority malays only pay Zakat is a non sustainable policy in the long run, Presently, 35% of non malays is legally compulsory to pay income tax while 65% of malays can opt to pay zakat to their islamic religious bodies. In other words, 35% tax collected from the non malays are used exclusively for the govt expenses and the developmental expenditure while those paying zakat are exclusively used by the religious bodies for their islamic affairs. On top of this , sizeable annual allocation is given to the islamic bodies from the money collected from the taxes collected from the 35% non malays.
As more and more non malays opt to migrate and the percentage of tax payer shrink how long can the govt rely merely on the tax paid by 35% non malays? This is further compounded by the fact the malay population is expected to increase to 70% in the next few years and a sizeable number of them will be employed in the civil service. This effect will only increase the govt expenditure annually and with a shrinking tax base, how and where would the govt hope to obtain its revenue. ?
To continue to impose tax on company profits via windfall and other such taxes is akin to killing the goose that lay the golden eggs. The more such tax you impose the more disincentive it is for companies to invest in the country as we become less competitive compared to new venues like Vietnam and Phillipines.
Changing the tax pattern where malays have to pay income tax rather than zakat will indeed be a monumental decision for any govt to make but not making that difficult decision is not an option if our country does not wish to face economic disaster.

Posted by amateurJR > 2021-11-08 11:28 | Report Abuse

What shared by Sslee is true. Too bad such change will not happen till I die.

Posted by novice2020 > 2021-11-08 11:32 | Report Abuse

Non stop politicking is also killing this country. Our politicians spend more time playing politics than doing constructive works. Only good at barking in the parliament. Bring back the GST is the best solution to achieve an equitable tax system. Most of the countries in the world have GST/VAT, I am sure they know what works.

Posted by soojinhou > 2021-11-08 11:34 | Report Abuse

This is called jizya. You don't like, you either migrate or convert.

Posted by Mynihar Nihar > 2021-11-08 12:10 | Report Abuse

penulis kena jujur bila menulis, sebab kakitangan awam di uk

cuba lihat ini.

Public sector employment, UK: June 2021
There were an estimated 5.68 million employees in the public sector for June 2021, an increase of 131,000 (2.4%) compared with June 2020.

Posted by stockraider > 2021-11-08 12:25 | Report Abuse

Raider ask lah this to improve the govt budget loh ??

Govt can Save some money on low lying fruits loh:

1. What the fuuck extension new car sales extension ? Just tax them normal...why do u need so many new cars around & consume more petrol subsidies & affect the environment leh ? We are recovery mode mah, just impose the sales tax & we can raise Rm 3b mah!

2. Why so huge petrol subsidy leh ? Our country has the cheapest petrol in the world and give very high subsidy loh? Just raise the petrol price by 30 sen for Ron 95 and Diesel pump loh! This will help us to save Rm 6b a year yet we still have one of the cheapest Petrol in the world at Ron 95 at Rm 2.38 per litre mah!

3. What the Fuuck exemption of Property RPGT at year 6 leh ? Give full exemption only at year 12 lah....Scale up the exemption slowly base on % like 6 to 8 yrs, 9 to 10 yrs and 11 to 12 yrs lah ? Property are mean for long term investment & not for trade & speculation mah! That will save Rm 3b loh!

4. Grant lah....long term oversea...residence for well to do retiree give lah 300k immigration for immediately and subsequent 100k every year that will raise rm 7b pa loh! Beside creating more jobs loh!

5 Grant lah...300k new foreign worker permits for plantation, industries and service industry assuming Rm 6k per permit that will raise Rm 1.8b.
Besides savings for the industry and palmoil plantation will raise another Rm 5.2b from reduction of waste of palmoil fruits and expansion of industry sector mah!

6. Oversea travel tax or oversea exit tax....whoever wants to travel overseas will be tax Rm 150 per person for flights or ships and Rm 20 for land crossing per person loh! That will raise Rm 3b pa loh!

7. Reduce the subsidy for university by 20% get them to recruit more paying students that will raise Rm 1b pa loh!

The above just chinchai...Raider already raise Rm 30b pa without affecting the current economic condition loh!

Posted by stockraider > 2021-11-08 12:27 | Report Abuse

Others...like Hongkong...Msia Govt should start yearly disposal of land thru govt auction of land and tenders to raise Rm 30b pa loh!

Posted by leno > 2021-11-08 12:29 | Report Abuse

Just Sailang ALL INTo Insas and WC
then MIGRATE to Australia.

MUAHAHAHAHAHAHHAHAHAH !!

Posted by stockraider > 2021-11-08 12:32 | Report Abuse

This advice for indiviual investor not for the Govt mah!

Posted by leno > Nov 8, 2021 12:29 PM | Report Abuse

Just Sailang ALL INTo Insas and WC
then MIGRATE to Australia.

MUAHAHAHAHAHAHHAHAHAH !!

Posted by leno > 2021-11-08 12:34 | Report Abuse

This govt still can take advise ?
HAHAHAHAHAHAHAHAHAH

BOH CHOW CCCCCCCCCC AAAAAAAAAAAAAA !!

Posted by freddiehero > 2021-11-08 12:37 | Report Abuse

tax kaw kaw.. power of tax!

Posted by takaje > 2021-11-08 12:57 | Report Abuse

Changing the taxation system is a political suicide. Whoever does that, say bye bye to his/her govt post. lol

Posted by Winner88 > 2021-11-08 13:26 | Report Abuse

Cainis paid the highest income tax, get RM 15 back.

Posted by skyz > 2021-11-08 14:43 | Report Abuse

trusting the gomen to take appropriate action is on par with trusting KYY stock recommendations

Posted by ahbah > 2021-11-08 15:59 | Report Abuse

Negative growth for corporate earnings in 2022 = what ????

I no know lah.

Posted by Maple26 > 2021-11-08 18:51 | Report Abuse

The problem with Malaysia is that we always move backwards. If we do not enlarge the cake, it will not be sustainable.

Posted by DickyMe > 2021-11-08 20:59 | Report Abuse

"I just Googles “number of civil servants in Malaysia” and found this: The number of civil servants as of March this year stands at a whopping 1.71 million,"

============================================================

Let's do a simple math.
Assume all civil servants are paid minimum wage of RM 1500 per month excluding benefits.

So, 1.71m x RM 1500 = RM 2,565,000,000 (~ RM 2.55 Billion) spent every month to keep the civil service machinery running.

Therefore in a year, RM 2.55 x 12 months = ~~ RM 31 billion. Mind you, it is just bare minimum with assumption that everyone earns RM 1500. The reality is different, which could double it up to RM 62 billion with all benefits and other salary scales
included.

It's mind boggling expenditure.

Posted by alenac > 2021-11-08 21:14 | Report Abuse

Civil servants are the votes bank for every Malay based party, used to be UMNO votes bank. Whoever gets their votes will be the government. It is politics. Civil servants are treated well by the government of the day, they get full salary during MCO locked down and many other goodies. How long can it last? It has been going on since Merdeka and off course until oil wells run out.

DickyMe "I just Googles “number of civil servants in Malaysia” and found this: The number of civil servants as of March this year stands at a whopping 1.71 million,"

============================================================

Let's do a simple math.
Assume all civil servants are paid minimum wage of RM 1500 per month excluding benefits.

So, 1.71m x RM 1500 = RM 2,565,000,000 (~ RM 2.55 Billion) spent every month to keep the civil service machinery running.

Therefore in a year, RM 2.55 x 12 months = ~~ RM 31 billion. Mind you, it is just bare minimum with assumption that everyone earns RM 1500. The reality is different, which could double it up to RM 62 billion with all benefits and other salary scales
included.

It's mind boggling expenditure.
08/11/2021 8:59 PM

Posted by tallman > 2021-11-08 23:09 | Report Abuse

Big fishes will sell everything before 2022. Next year only ikan bilis swimming in the Bursa market

Posted by UmarTaylorSwift > 2021-11-08 23:18 |

Post removed.Why?

Posted by Keyman188 > 2021-11-09 08:26 | Report Abuse

Really fortunate...Keyman188 had managed to pare down 40% shareholding of overall long term position since 2nd half of Sept until before budgetary announcement...


Since that unexpected "Cukai Makmur" + "50% increased of stamp duty"...Keyman188 further pare down another 10% long term position...


Now waiting this 2 months (before year end) further pare down until 30% long term position if share price slightly recover back certain level since Keyman188 managed to strike cheapest entry price last year during pandemic...


Keyman188 diverted investment funds to "other market"...


Be frankly speaking...


Keyman188 really not so favourable the latest 2022 Budgetary...


Unexpected GOM will implement "Cukai Makmur" for those RM 100 mil above...


Unexpected GOM will remove stamp duty capping by RM 200 & increase the duty by 50% from 0.10% to 0.15%...


Since "Cukai Makmur" already tabled at Parliament...you think upcoming year by year will continue !!! (We don't know but high possibility since Natioanal debt now stood at RM 1.25 trillion pre-budgetary announcement)...


Furthermore...current local equities valuation really not so attractive if comparing other market peers...


Beside valuation...other "factors" also not so favourable since slowly slowly emerged on the table...




~~~~~~~~~~~~~~Always remember, plenty of choice~~~~~~~~~~~~~~~~

Posted by Keyman188 > 2021-11-09 09:52 | Report Abuse

OMG...market further vomiting...

See you 13xx by next year...



wkwkwk...kekeke...hehehe...

Posted by Keyman188 > 2021-11-09 10:08 | Report Abuse

Next month more selling pressure before closing 2021...

No more window stressing for this year...

In fact worse performance than 2020 during pandemic if you measure the "real market & individual performance"...


Amboi....

Posted by ahbah > 2021-11-09 11:00 | Report Abuse

I am also heading for a financial disaster !

Posted by polycarp > 2021-11-10 10:06 | Report Abuse

Many filthy rich bring their money overseas and come
back to Malaysia to complain. Why not you make sarawak
beautiful. Don't be selfish

Posted by Keyman188 > 2021-11-11 12:33 | Report Abuse

Malaysia's GDP likely contracted in 3Q on renewed Covid-19 curbs

(November 11, 2021 10:15 am +08)

BENGALURU (Nov 11): Malaysia's battered economy likely slipped back into contraction in the third quarter as coronavirus-induced restrictions brought economic activity to a near-standstill, a Reuters poll found.

After bouncing back from its worst recession in more than two decades in the second quarter, the Southeast Asian economy shrank 1.3% in July-September from a year earlier, according to the median forecast of 20 economists in the poll.

Forecasts for the change in gross domestic product (GDP), due to be released on Nov. 12, ranged from -6.0% to +1.0%, underscoring widespread uncertainty around the economic impact of the COVID-19 pandemic.

"The deceleration reflected strict movement restrictions to curb the more contagious Delta variant virus infections," said Chua Han Teng, an economist at DBS Group Research. "With much of the economy under harsh curbs, private consumption, investment, and manufacturing activities took a big hit."

Renewed COVID-19 lockdowns in the Southeast Asian country dampened a nascent economic recovery, pushing Malaysia's central bank to slash its 2021 growth forecast to 3.0%-4.0% from 6.0%-7.5% previously.

After chopping its benchmark rate by 125 basis points last year as the pandemic took hold the central bank was expected to keep rates unchanged until the third quarter of next year, a separate Reuters poll showed.

But the economy is expected to gain momentum, expanding 4.0% in the current three-month period as a ramped-up vaccination drive, a record government budget to spur post-pandemic recovery and gradual reopening have boosted hopes of a turnaround.

The government expects Malaysia's economy to grow 5.5%-6.5% next year, driven by normalisation of economic activity, resumption of projects, higher commodity prices and strong external demand.

"We expect a strong recovery in the coming quarters as restrictions are eased further and normal economic life returns. This will also be supported by loose fiscal policy, with the recent 2022 budget targeting another ramp up in spending," said Alex Holmes, emerging Asia economist at Capital Economics.

"With vaccine coverage now among the best in the world, virus cases falling back sharply and the government easing restrictions, activity is rebounding strongly."

But several economists warned the bleaker outlook for China's export market and continued pandemic fears pose downside risks to growth. China is Malaysia's largest trading partner.



## https://www.theedgemarkets.com/article/malaysias-gdp-likely-contracted-3q-renewed-covid19-curbs

Posted by Keyman188 > 2021-11-11 12:34 | Report Abuse

Amboi...market NO way out if this upcoming GDP announcement is turn to negative news...


Well prepare for perfect storm again...