PDA

View Full Version : Graduates find difficult to cope with rising cost of living



ng
21-07-2015, 12:11 AM
http://www.thestar.com.my/News/Nation/2015/07/19/Making-a-little-go-a-long-way/

bslee
21-07-2015, 12:19 AM
People who feel the pinch must wise up, cut down expenditure and try earn more to keep up. Your RM10 is so small nowadays...
There's no 2 ways about it. If I start to elaborate..some people here would love to brand me as nothing but ranting and singing the same ole tune..
I better not say too much, I presume you all know it too well, matter of putting it to practice.

P.S. Funny that there's no mention of how much they spend on food.. it can be quite a chunk from their paycheck!
Have to own a car and fork out monthly instalment?..Yes, I guess its very necessary..goes to show your gahmen failed everyone by not fulfilling most efficient public transportation todate. Got bad cabbies with stinking reputation summore!

Sentinel
21-07-2015, 01:05 AM
First one must get a job.... The young man who comes to my house on house visit to clean my PC, do upgrades, and whatever I require to be done for my PC is a computer science diploma holder from UTAR... jobless for 3 years... I am introducing him to some HR recruiters and hope one of them will take him on and give him a chance...

ng
21-07-2015, 09:17 AM
Have to own a car and fork out monthly instalment?..Yes, I guess its very necessary..goes to show your gahmen failed everyone by not fulfilling most efficient public transportation todate. Got bad cabbies with stinking reputation summore!

Your 1govt is promoting Proton industry and not public transportation. That's why it took 20 years for the LRT extension to complete. Sad thing is the bus service is still horrendous after 50 years:(

But they don't realise that good times don't last forever, the oil prices has dropped and Ringgit has shrunk.

So how can there be enough jobs when the civil service is already bloated and private companies are either investing abroad (for lower operating cost) or closing down due to high operating cost.

Greenwich
21-07-2015, 09:20 AM
Many of these so-called graduates are not fit as graduate in the first place..

Thanks to your 1gomen which decided on quantity rather than quality

With the exception of public service which they may stand a chance to get a job due to obvious reason, lt would be a surprise to me if they are not jobless

Naka
21-07-2015, 10:03 AM
Some of these graduates do not even know between single phase and 3 phases.

Such is the quality of graduates these days

bslee
21-07-2015, 10:16 AM
Worst of all is very poor command of the English language. Not all, but just too many I may have come across all too frequently.

HTCHONG
21-07-2015, 11:11 AM
Your 1govt is promoting Proton industry and not public transportation. That's why it took 20 years for the LRT extension to complete. Sad thing is the bus service is still horrendous after 50 years:(

But they don't realise that good times don't last forever, the oil prices has dropped and Ringgit has shrunk....

A wrong decision can cause the faith of a nation to veer off in a direction it was never meant to go. Today's progress is determined by yesterday's choices.

bslee
21-07-2015, 11:24 AM
A wrong decision can cause the faith of a nation to veer off in a direction it was never meant to go. Today's progress is determined by yesterday's choices.

Then we have to recall the adage which is time and again followed not just here but in many other countries but at to what stage peril and consequences, that's left to be seen.
The adage is "Government knows best". If it works out, fine and well, If it doesn't, especially in a small country like ours and under unique circumstances from race to religion to economics, the consequences are untold.
Your 1PM did state that this adage is over in principle, but it will never be all true in every sense of the meaning. Government will continue to implement policies without thorough consultation.

jan tomaswaki
21-07-2015, 11:50 AM
These young grads most of them have not gone thru tough life like our forefathers did.With RM2500 gaji after graduate still not enuff ,i wonder how much is enuff?

Sentinel
21-07-2015, 11:54 AM
These young grads most of them have not gone thru tough life like our forefathers did.With RM2500 gaji after graduate still not enuff ,i wonder how much is enuff?

Agree... but then who is to be blamed? They are innocent victims of a system of poor politics and system created by us adults.... we do our best and assist... no point criticising all the time because some of us are no better... despite already in the 50s....

Jennylim
21-07-2015, 02:01 PM
Year to date about 10,000 lose their job! How long can our current system where the minority supporting the majority sustain?

HTCHONG
21-07-2015, 02:11 PM
Then we have to recall the adage which is time and again followed not just here but in many other countries but at to what stage peril and consequences, that's left to be seen.
The adage is "Government knows best". If it works out, fine and well, If it doesn't, especially in a small country like ours and under unique circumstances from race to religion to economics, the consequences are untold.
Your 1PM did state that this adage is over in principle, but it will never be all true in every sense of the meaning. Government will continue to implement policies without thorough consultation.

There is no such thing as one-size-fits-all for social policies, political strategies, economics, military and technology development of a nation. At times, policies and strategies change according to time and needs alongside with core development. It is for the think tank to plan well.

jan tomaswaki
21-07-2015, 02:26 PM
Year to date about 10,000 lose their job! How long can our current system where the minority supporting the majority sustain?

Yes,i read the news today.Reasons ...not competitive,lower sringgit,company relocation..blah..blah.

cml
21-07-2015, 02:55 PM
If you take their papers and send it for marking in a Singapore uni, more than 3/4 will fail

Greenwich
21-07-2015, 06:04 PM
I thought only those party members from the 1gomen will always tell you don’t criticize all the time, do something to help like set up a fund for unemployed youth or increase the BRIM or something like that..

I don’t know some of the ex-members of this ruling party like ex-gerakan member also carry the same mindset despite being an ex and close to 60s..

Well, leopard really can’t change its spots...

kwchang
22-07-2015, 09:25 AM
It is always easy to point to the poor national planning of our education system as the root cause and maybe even complain of skewed preferences of the employers in selecting new recruits. If the national agenda is so flawed (and I am sure many of you will agree it is flawed), complaints to the powers will not bring about immediate solutions because if we have monkeys driving the train, how can the monkeys steer the train to the better direction? The passengers should get off the train and find their own way

Let us put some things in perspective in view of the income-environment we cannot change.
as a new job-seeker without work experience, employers will be reluctant to pay top salaries
some of the people who complain may have been used to a cosy life with parental or gomen support; they may be unable to seek ways of getting out of their rut
their choice of places of employment may be the limiting factor in getting better opportunities


The above are some of the causal factors job-seekers should look into in their search for solutions

jan tomaswaki
22-07-2015, 02:09 PM
Nowadays young grads. are also choosy .Working on Sat.is no-no.My manufacturing office now only employs going-to graduates (student) ,meaning give them training,pay them low because they ask only RM300 a month but needs to write report of their job.After 3 months i give them the boot and re-employ new ones.

Greenwich
22-07-2015, 05:31 PM
Wow, Jan... RM300 per month for a soon-to-be graduate. It is cheaper than Cambodian maid !! :p

Talking about interns.... It is very difficult to say no to old friend/colleague once they know your unit is open for internship.. !!
Everyone wants their children to have a good track record in a reputable firm during their industrial attachment/internship. Tell me how to appraise their performance once they are not up to par. Your good friends will be so sore with you.. !!

I read somewhere a forumer here also refuse to take internship, maybe it is for the same reason.. :)

bslee
22-07-2015, 05:40 PM
Wow, Jan... RM300 per month for a soon-to-be graduate. It is cheaper than Cambodian maid !! :p


Yah man!..that's cheap!..I'm surprised too. An architect friend takes in interns and pay them 500 each..whether they're up to par or not is always a risk..most of them not locals summore..and he have to tolerate them anyhow, better than no other cheaper labor to do work at his office. Anyhow, through close monitoring, guidance and frequent corrections to detail during their learning process, whatever work is fulfilled at the end of the day. Of course I'm not implying its all success for other fields but considering his circumstances, its not so bad as thought to be. He also told me some of them are now bright star quality in their own right after graduation. Afterall he was and is still dedicated to his field and taught them many tricks of the trade that aren't taught in uni. I guess some of those interns are bent to succeed in their field and appreciate whatever was taught to them. So its not horror stories all the time.

Henry T
22-07-2015, 05:47 PM
Internship is modern day slavery. Luckily it is only for three months. :D

jan tomaswaki
22-07-2015, 06:08 PM
Actually they call me for internship,ask him how much he expect,he reply RM300 but anyway I pay him RM500.His nightmare begins once he work for me.Everyday kena @$&:() by me until ....you know lah...I use hard knocks...Now he works for me Rm2500.00. I use to tell them," it,s your future not mine...you choose."
Now I employ another 2 ...works the same way also.

Sentinel
22-07-2015, 07:02 PM
Actually they call me for internship,ask him how much he expect,he reply RM300 but anyway I pay him RM500.His nightmare begins once he work for me.Everyday kena @$&:() by me until ....you know lah...I use hard knocks...Now he works for me Rm2500.00. I use to tell them," it,s your future not mine...you choose."
Now I employ another 2 ...works the same way also.

Its not the money.... some interns are very clear-minded what they want for the future and they can take the hard knocks coz they know in the long-run its for their own future... when I graduated I was offered a job with Bank Bumputera for RM1,200 and HSBC for RM1,300 way back in 1982... and Nestle offered me RM960 and sent me to JB.... I chose Nestle... First 2 years of traineeship was real tough.... we even had to remove Maggi Mee market returns packet by packet to separate noodles and the plastic for recycling and sell the noodle cakes to animal farms as animal feeds.... within 4 years I was earning more than my coursemates who joined the big banks.... plus a brand new Corolla 1.3GL Big Black Bumper company car hahaha

HTCHONG
22-07-2015, 09:08 PM
When we were young, we had no experience in many things. Our whole young adulthood was basically doing nothing but study.

When I went for my first job interview, toward the end of the interview, the interviewer who later was my first boss told me this... "You have no experience at all, it is very hard for me to hire you". I told him: "We all born to be a baby, none of us know how to walk without going thru crawling. Give me a chance to walk for the first six months. I will fly for you after that". He hired me right away. :D

Today, I give chances to many youngsters, it is because someone gave me chances to be where am I today.:)

bslee
22-07-2015, 09:50 PM
I think we've deviated from the issue at hand. What happen or how the right decisions to shape your own future, and how you successful flers made it to where you are now and enjoying fruits of your own labor and toil is irrelevant. Whatever the root causes from flawed education policies leading to another generation of less than desirable pool of "graduates" isn't the issue at hand, little doubt it may also contribute to a failed state of affairs or bundled out of international competition in future.
The fact remains that these younger generation have to endure the rising cost of living like imminent increased rentals whenever the lease expire, depending on outside food, even roti canai and teh tarik is with GST and price increased the moment there's any excuse to raise prices. Inefficient and new public transportation construction which take years to complete is only prolonging their woes and daily challenges which no one likes to wait that long. Remember I said it takes 18 years for LRT to be realized at Subang Jaya, that's a long long wait. Meanwhile people have to endure traffic jams, waste petrol and time in a car that's already very expensive to buy. Yes, life is getting tougher in future and only the fittest survive..its really a jungle out there.

rospet
23-07-2015, 08:47 AM
Assuming the salary for graduate is RM 2500 per month. After minus EPF and income tax, left RM2000. Rm400 for house rental, RM600 for car instalment. Rm300 for petrol. RM50 for HP fee. Left Rm650 for makan and others.

Firefly
23-07-2015, 09:11 AM
Assuming the salary for graduate is RM 2500 per month. After minus EPF and income tax, left RM2000. Rm400 for house rental, RM600 for car instalment. Rm300 for petrol. RM50 for HP fee. Left Rm650 for makan and others.

House rental :eek: at RM600? :confused: Where to find? Room rental maybe.

rospet
23-07-2015, 09:18 AM
House rental :eek: at RM600? :confused: Where to find? Room rental maybe.

Sorry, my mistake. It should be room rental.

Naka
23-07-2015, 10:33 AM
Assuming the salary for graduate is RM 2500 per month. After minus EPF and income tax, left RM2000. Rm400 for house rental, RM600 for car instalment. Rm300 for petrol. RM50 for HP fee. Left Rm650 for makan and others.

As far as I know, local graduates get 800-1200 monthly only

Allswell
23-07-2015, 10:43 AM
When we were young, we had no experience in many things. Our whole young adulthood was basically doing nothing but study.

.........
Today, I give chances to many youngsters, it is because someone gave me chances to be where am I today.:)

Well said!

Greenwich
23-07-2015, 10:57 AM
When we were young, we had no experience in many things. Our whole young adulthood was basically doing nothing but study.

It worked during our time but it won't work well at present day...

Paying too much attention on studies during young adulthood will miss other important aspects in the pursuit of future endeavors. I strongly believe on this..



...Today, I give chances to many youngsters, it is because someone gave me chances to be where am I today.:)

They should earn their chances by effort and I think chances are always there for those who want to grab.

For your case during the interview, I think you earned it, not just someone gave it to you. One has to expressed the hunger for success and convinced people to be "given" a chance and I think this is not pure giving, it comes form effort.

rospet
23-07-2015, 11:14 AM
As far as I know, local graduates get 800-1200 monthly only

Sure ? I think a clerk with SPM certificate earn more than this in KL. If local graduate getting this salary, how about oversea graduate ? I always believe in individual capability and hard work and i dont see any different either the person is graduate locally or oversea.

Greenwich
23-07-2015, 11:17 AM
Sometimes it is timing, the late 80s and the early 90s were the go-go days for Malaysia economy. I don’t have problem to get a job. The problem is to select which job.

For my 1st job, the challenge is travelling to the place to meet the interviewer. I have to take a 10pm bus from Pudu Raya to Kuantan. Reached Kuantan around 2pm, waited in the bus station until dawn, took a simple breakfast and then hired a taxi to KSB (Kemaman Supply Base).

The interviewer is a typical American from the mid-west who was the operations manager. My gut feel told me he was not keen to take me but the senior engineer, a Brit was kind of impressed with my final year assignment and I got the job. They asked me whether I drink, about my health and fitness but nothing much about the job. It is a highly specialize job in which prior experience is irrelevant.

I rejected other good offers and took the effort to go there because of $$$. I’m not interested to wear long sleeve and tie working in an office getting RM1700-RM2500. Petronas carigali offered basic salary of RM1700 to fresh graduate and Sarawak Shell offered RM2500 at that time...

jan tomaswaki
23-07-2015, 11:45 AM
yes,it doesn't work in the present day .Young grads think differently,Our days we went for happy hours after work but now they hang around the cafes or mamak stalls.Look around Subang ,how many pubs are there? Even looking for properties they would prefer to go somewhere near 1U when it's hip to stay there.I have a friend whose company pay him RM1200 housing allowance .Advising him to buy a property in Goodyear Court where maintenence is only RM100+ and built up about 1000sf,that cost about RM400K,but he prefer Main Place when the unit is smaller ,need to pay monthly parking,water billing is min.RM30 as it is a service condo.Is he crazy or what?

Greenwich
23-07-2015, 11:52 AM
Looking at other angle, I think more and more all sorts of foreigners in good year court nowadays.

Buy the unit to rent out is ok, not for self-occupacy.

Henry T
23-07-2015, 11:55 AM
How come many of us oldies started out earning so much less and yet can survive? I can't remember how as it is all very hazy but I can only remember it wasn't easy.

Btw, I was renting a DSL house in Damansara Jaya (near KDU) for many years in the late 1970s. Rental was RM600 per month.

Greenwich
23-07-2015, 01:03 PM
.... The fact remains that these younger generation have to endure the rising cost of living like imminent increased rentals whenever the lease expire, depending on outside food, even roti canai and teh tarik is with GST and price increased the moment there's any excuse to raise prices. ..... Meanwhile people have to endure traffic jams, waste petrol and time in a car that's already very expensive to buy. Yes, life is getting tougher in future and only the fittest survive..its really a jungle out there.

It is always a jungle out there, in the past and now ... and likely will be worse in future.

Survival of the fittest.. !! I donít think so. The affirmative policies have produced a big bunch of unfit folks but they survive comfortably. Of course, life is never fair..

Back to the plight of the younger generation, my little opinion is when a place is proven tough for living, it is time to leave and should leave when ones are young. The younger ones who can leave should plan to leave, those who canít leave should equip themselves with what it takes in order to leave..

It is not just happening here.. Younger generation in Singapore also think it is tougher and tougher for them in the small island and leaving the country is one of their options ..

aursong
23-07-2015, 01:42 PM
Assuming the salary for graduate is RM 2500 per month. After minus EPF and income tax, left RM2000. Rm400 for house rental, RM600 for car instalment. Rm300 for petrol. RM50 for HP fee. Left Rm650 for makan and others.

There's plenty of cheaper option than RM400 room rental...
There's cheaper option for car installment... there's also public transport/motorcycle/2nd hand as option...

Is all up to personal choice...

Cheers...

Naka
23-07-2015, 02:10 PM
Sure ? I think a clerk with SPM certificate earn more than this in KL. If local graduate getting this salary, how about oversea graduate ? I always believe in individual capability and hard work and i dont see any different either the person is graduate locally or oversea.

I was an observer in a few interviews for an Engineering Firm.

Local graduates....starts from 800/=

Overseas graduates ...starts from 1800/=

p/s.........the standard of locals are alarming & shocking.

bslee
23-07-2015, 02:49 PM
Look lah..Stagnated salaries with consistent rising COL = poorer quality of life and decreasing purchasing power. GST added to one's rising cost too.
This also affects people who are thrifty with personal expenditure and do not simply spend, do not eat out more than usual, maintain a car more than he/she can really afford and do not hoo-haa around town for no good reason.
Countless products and services is getting more expensive in this land as time goes by..PERIOD! Its tougher ahead and one just have to tighten belt or else very little savings for retirement.
I've already said many times..your RM10 note don't buy you anything much now..it can disappear in a flash!

ng
23-07-2015, 04:29 PM
move to food section

Mat Bruce
23-07-2015, 11:52 PM
I think some interns have better attitudes than graduates. Prices are ridiculous the last couple of years. Our ringgit is dropping, this is called a double whammy in western terms...and all under our good government oversight. It is hard not to grumble. I really pity the new graduates coming out. The good old days are going going gone...with the dropping of oil prices, where 40% of our gov expenditure used to come from? So GST, more debt by country to run itself, you can see the reactions and trend. Look at Greece and it was like 20 years going into debt before this crisis and finally, it caught up with them. It is like living on your credit cards and paying only interests only...it is just kicking the can down the road...i.e let the future generations pay for it, no need to suffer now,just borrow first. If you look at Singapore, you can see what good governance is. I changed RM2.99 to 1 SIN at KLIA on Monday. And Singapore is a country without natural resources. The poor people in Malaysia still asleep, not my problem, they tell me. :(

ng
24-07-2015, 12:15 AM
I think some interns have better attitudes than graduates. Prices are ridiculous the last couple of years. Our ringgit is dropping, this is called a double whammy in western terms...and all under our good government oversight. It is hard not to grumble. I really pity the new graduates coming out. The good old days are going going gone...with the dropping of oil prices, where 40% of our gov expenditure used to come from? So GST, more debt by country to run itself, you can see the reactions and trend. Look at Greece and it was like 20 years going into debt before this crisis and finally, it caught up with them. It is like living on your credit cards and paying only interests only...it is just kicking the can down the road...i.e let the future generations pay for it, no need to suffer now,just borrow first. If you look at Singapore, you can see what good governance is. I changed RM2.99 to 1 SIN at KLIA on Monday. And Singapore is a country without natural resources. The poor people in Malaysia still asleep, not my problem, they tell me. :(


I thought it is rm 2.8 to 1 sin?

Anyway, those working in Singapore are smiling as they can buy 3 times the product , while the average people working in Msia are frowning.

I remembered it was only 1 USD to rm 2.50 when I was younger.

bslee
24-07-2015, 01:09 AM
I remembered it was only 1 USD to rm 2.50 when I was younger.

I bought my 1st AIWA walkman (not Sony, as many would naturally buy it) from Sungei Rd, the exchange rate was like RM1.40 to 1 SGD, something like that in 1980..even then I frowned at the rate, I was earning so little back then.

Sentinel
24-07-2015, 03:36 AM
I bought my 1st AIWA walkman (not Sony, as many would naturally buy it) from Sungei Rd, the exchange rate was like RM1.40 to 1 SGD, something like that in 1980..even then I frowned at the rate, I was earning so little back then.

I am surprised.... for a supposedly technical guy you didn't know AIWA was owned by SONY? All the parts are interchangeable... even the mini-compos... I used to have both brands while working in JB in the 80s...

Greenwich
24-07-2015, 10:52 AM
... Prices are ridiculous the last couple of years. Our ringgit is dropping, this is called a double whammy in western terms...


Recently I wanted to hedge MYR to other currencies and after discussion with a banker, I narrowed the foreign currencies to AUD and SGD.

I put more weightage of the hedge into AUD because I found out the depreciation of AUD against USD was not entirely by “market forces”. It was what the Reserve Bank of Australia wanted, i.e. they want a weaker AUD to boast export competitiveness due to declining demand of commodities.




... I changed RM2.99 to 1 SIN at KLIA on Monday. And Singapore is a country without natural resources.

Try open a premier account with the Singapore-based foreign banks in Taipan. You can get good preferential rate in savings and foreign exchange.

I recently opened a fixed income account with board rate + 4% annual rate. Although the offer is only for 3 months, the effective rate within this 3 months is 4.65% for SGD account. Not bad compare to putting the money in Singapore which is less than 1% rate..

Firefly
24-07-2015, 11:16 AM
I am surprised.... for a supposedly technical guy you didn't know AIWA was owned by SONY? All the parts are interchangeable... even the mini-compos... I used to have both brands while working in JB in the 80s...

When Aiwa stated in 1951. Sony only bought them in 2002.

Aiwa was also my choice then as they were cheaper, smaller and better sound quality. I started off with a RM550 monthly salary and But then I was paid OT. clocking come 4 hrs daily :eek: Yes, no life. My life was only Sundays as the company I worked for worked 6 days a week.

Since there was no life for me during those early years, I managed to save enough to pay d/p for a house. I doubt the graduates these days can even save enough to pay a d/p for a shelter. Expenditures per day back then was just under Rm10.

ng
24-07-2015, 12:09 PM
When Aiwa stated in 1951. Sony only bought them in 2002.

Aiwa was also my choice then as they were cheaper, smaller and better sound quality. I started off with a RM550 monthly salary and But then I was paid OT. clocking come 4 hrs daily :eek: Yes, no life. My life was only Sundays as the company I worked for worked 6 days a week.

Since there was no life for me during those early years, I managed to save enough to pay d/p for a house. I doubt the graduates these days can even save enough to pay a d/p for a shelter. Expenditures per day back then was just under Rm10.

Nowadays, it's almost impossible to have daily expense of rm10.

It's good that you decide to buy a house back then which was cheap then. Inflation increased many fold than the salary salary.

jan tomaswaki
24-07-2015, 01:01 PM
Nowadays, it's almost impossible to have daily expense of rm10.

It's good that you decide to buy a house back then which was cheap then. Inflation increased many fold than the salary salary.

ng,with RM10 you still survive in USJ,1roti canai breakfast in Sri Melur RM1.50,Lunch chicken rice in Hock Hin RM5 and dinner in Warisan Oppa 2 packet of nasi lemak RM2,total one day expenses RM8.50 maybe still can have 2 apples.:heheheh:

bslee
24-07-2015, 01:08 PM
When Aiwa stated in 1951. Sony only bought them in 2002.
Aiwa was also my choice then as they were cheaper, smaller and better sound quality.

Yes, Sony owned Aiwa much much later on after I did buy that Aiwa walkman at Singapore. AIWA was still their own brand and the #1 alternative to Sony. That product wasn't available in Malaysia and I had seen a Japanese tourist owning one. I asked to see and try it. I was amazed and told myself die die must own one soon. Next vacation trip was Singapore, Sungei Road, sure enough found it there at one street vendor. Somewhere around that time, I had heard some rumor that AIWA design team consisted of ex-Sony designers and engineers where Aiwa was succeeding in churning out products cheaper, more attractive looking, better VFM or sound better (personal opinion?). It was a no-brainer to choose Aiwa over Sony based on price. attractive looks and best VFM out of Japan. The rest is history.

Nowadays, it's almost impossible to have daily expense of rm10.
It's good that you decide to buy a house back then which was cheap then. Inflation increased many fold than the salary salary.

Based on 300k value and new development terrace home, if salaried couple or individual can consistently pay RM1.5k PER MONTH installment for next few decades, then owning a house is in sight. How many of our next generation are able to afford this? And this amount exclude other expenses from car loan to food expenses to any indulgence on what the city may offer.
BTW, 300k is still a ONE STOREY home..not double storey! I'm speaking based on preference for landed property,not apartments and high rise chicken coops with rubbish strewn on the 2nd floor roof canopy..

Greenwich
24-07-2015, 02:36 PM
...with the dropping of oil prices, where 40% of our gov expenditure used to come from...

Contrary to public belief, shrinking oil price is not the main culprit of weakening MYR. Both are inter-related.

Crude oil is traded in US dollars i.e. sell and buy in USD and Malaysia is a net crude importer (net means we import more than export). There was a study done to analyze the crude price and MYR exchange rate towards the impact of oil income of this country. The idea scenario is crude price is traded at USD70 per barrel and USD vs. MYR is 4.00 !! This may sound shocking to many but the fact is with weakening MYR at this crude price, the money collected from the oil trading is more.

At present moment, MOPS crude price is USD55 and USD/MYR is 3.80. To put thing into perspective, your 1gomen is losing MYR10 billion of income from oil trading.


p/s : I am only interested on the numbers, not interested to debate on how your 1gomen spent the oil money..

bslee
24-07-2015, 03:07 PM
Maybe off topic, but I'd like to make some comparison to the same category of people living in Shenzhen or Guandong province where I gathered homes are horribly expensive there, wages not really attractive either..how do they rough it out and what their future holds for them?
I'm thinking these Chinese citizens have a far more challenging future ahead than Malaysians who seem to complaining about their future too..
I did notice a modern home in South China starts from 400k RINGGIT (converted) to mind boggling figures you'd be horrified by Malaysian standards..
Owning a car there is luxury, but they have very efficient public transport with the LRT to anywhere. They also face more expensive petrol price, just as expensive car prices and highway tolls. Only local produce of consumer items are very cheap and they hardly depend on consumer imports unlike Malaysia which now import just about everything including ice cream to coconuts to vegetables and meat.

ng
24-07-2015, 05:01 PM
Maybe off topic, but I'd like to make some comparison to the same category of people living in Shenzhen or Guandong province where I gathered homes are horribly expensive there, wages not really attractive either..how do they rough it out and what their future holds for them?
I'm thinking these Chinese citizens have a far more challenging future ahead than Malaysians who seem to complaining about their future too..
I did notice a modern home in South China starts from 400k RINGGIT (converted) to mind boggling figures you'd be horrified by Malaysian standards..
Owning a car there is luxury, but they have very efficient public transport with the LRT to anywhere. They also face more expensive petrol price, just as expensive car prices and highway tolls. Only local produce of consumer items are very cheap and they hardly depend on consumer imports unlike Malaysia which now import just about everything including ice cream to coconuts to vegetables and meat.


Is there any link to the house, car and food prices in China?

Greenwich
24-07-2015, 05:06 PM
Guangzhou province has a few urban districts, Shenzhen is one of them.

The population in Guangzhou is about 45 millions, Shenzhen alone has 11 millions people !!

In comparison, population in Selangor is around 5.5 millions and population in KL is about 1.6 millions.

Life there is much tougher due to the shear size of population... almost everything is accompanied with competition.

bslee
24-07-2015, 07:23 PM
Is there any link to the house, car and food prices in China?

Googling may find you the info you may desire. But as for house and commercial lot prices..this is what I observed from property promotion sales booths and kiosks in one huge Guangzhou shopping area..right in the middle of the street, many of them..and my buddy was posing and conversing with the sales reps to buy a property, that's how I came to know the rough figures in the "deal" only for me to really wonder how people there afford such homes. OK..business and commercial lots another story..not relevant here.



Guangzhou province has a few urban districts, Shenzhen is one of them.
The population in Guangzhou is about 45 millions, Shenzhen alone has 11 millions people !!
In comparison, population in Selangor is around 5.5 millions and population in KL is about 1.6 millions.
Life there is much tougher due to the shear size of population... almost everything is accompanied with competition.

Well, the main point I'm trying to stress is all of our millions of "dissatisfied" citizens and their woes or challenges are minuscule compared to that huge country and that's only one province. I'm sure there's dissatisfaction at every corner but the Chinese government is also good at clamping dissent by their own methods. I know they have nationally banned Facebook and some other social media sites as part of their strategy to clamp dissent and poisonous articles.
But then again, that's for the Chinese people to take up or address with their government. We here are also "dissatisfied" that our already bloated government don't live up to competition and expectations of its citizens. Add on all sorts of circumstances and unfavorable events or policies that pose more and more challenges, lastly ,losing out like depreciating currency and the domino effect that affect nearly everyone. We cannot blame that people complain, its everyone's right to rant and feel dissatisfied if things ain't right. Even any boss of any company will make noises when things go awry or the wrong direction.

Greenwich
24-07-2015, 07:45 PM
...Well, the main point I'm trying to stress is all of our millions of "dissatisfied" citizens and their woes or challenges are minuscule compared to that huge country and that's only one province...
.....

There was a joke in PRC, something like this after translated from Chinese...

any problem after divided by the Chinese population, it is not a problem.

any issue after multiplied by the Chinese population, it will be a catastrophic crisis... :p



..... We here are also "dissatisfied" that our already bloated government don't live up to competition and expectations of its citizens. Add on all sorts of circumstances and unfavorable events or policies that pose more and more challenges, lastly ,losing out like depreciating currency and the domino effect that affect nearly everyone. We cannot blame that people complain, its everyone's right to rant and feel dissatisfied if things ain't right..

Like what a forumer said - good days can't sustain forever when minority are feeding the majority...especially when life getting tougher and tougher..

Maybe I am pessimistic but I still what to reiterate what I said earlier, this place will be very tough for the younger people. Do something now while they are still in demand in other places.

bslee
24-07-2015, 07:49 PM
There was a joke in PRC, something like this after translated from Chinese...
-----------snipped---------
Maybe I am pessimistic but I still what to reiterate what I said earlier, this place will be very tough for the younger people. Do something now while they are still in demand in other places.

I agree with you entirely.. I can only feel sympathetic to their future woes..my sons and their families included in this mess..

RigerZ
26-07-2015, 09:44 AM
Thought I'd share my list of expenses as a diploma graduate and already working for 1.5 years:

Food: 250-270 (I actually have RM50 food allowance from the company but the figure is without it deducted)
Petrol: RM320
Bills (Phone, electric, internet shared with 2 others) : RM160
Health Insurance: RM200

I dont pay rent as I'm fortunate to have a relative willing to let us stay in his apartment unit without collecting from us. However standard rates where I'm staying is roughly RM700-800. So shared with 2 others would be around 250 per person

I use a second-hand car so no loans

Maybe another RM100 for groceries & leisure

So all in about RM 1250-1300 in expenditures. Buying a brand new car is what's killing new graduates like *Emily paying RM700 a month :eek:.

Mat Bruce
26-07-2015, 02:53 PM
Googling may find you the info you may desire. But as for house and commercial lot prices..this is what I observed from property promotion sales booths and kiosks in one huge Guangzhou shopping area..right in the middle of the street, many of them..and my buddy was posing and conversing with the sales reps to buy a property, that's how I came to know the rough figures in the "deal" only for me to really wonder how people there afford such homes. OK..business and commercial lots another story..not relevant here.




Well, the main point I'm trying to stress is all of our millions of "dissatisfied" citizens and their woes or challenges are minuscule compared to that huge country and that's only one province. I'm sure there's dissatisfaction at every corner but the Chinese government is also good at clamping dissent by their own methods. I know they have nationally banned Facebook and some other social media sites as part of their strategy to clamp dissent and poisonous articles.
But then again, that's for the Chinese people to take up or address with their government. We here are also "dissatisfied" that our already bloated government don't live up to competition and expectations of its citizens. Add on all sorts of circumstances and unfavorable events or policies that pose more and more challenges, lastly ,losing out like depreciating currency and the domino effect that affect nearly everyone. We cannot blame that people complain, its everyone's right to rant and feel dissatisfied if things ain't right. Even any boss of any company will make noises when things go awry or the wrong direction.

ok, this topic, i got experience, since I invested in Shenzhen 25 years ago and lost my small fortune there. I was 30 when I dumped some of my savings into a condo that turned to be abadoned by HK developer. Lucky, it was shared by 5 other investors. Unfortunatey, once burned, I never invested there again. But I kept in touched with relatives in China, we use that address to get them into Shenzhen, in those days, you need a permit to come into Shenzhen. They were penniless , there clothes were patched. I see these relatives every 5 years and I can see their progress. The last visit was 2014 when I travelled the Hakka third migration route from Kaufeng up to Meiyen, Dabu. From the river boat, most Hakka took the river tongkang to Shantou in Fuchien to take the ship to Nan Yang (SEAsia). I finished my stop by visiting one of these relatives in Shenzhen and also to check the abandoned condo. He now has his own apartment worth USD700K and another investment worth USD1 million. Every 10 years, I see a drastic change in lifestyle. He was the one who collected rent for us the last 30 years. I am very happy for them, it was along long road for them but it was worth it. Our graduates will face a tough road in Malaysia if we do not let them go international and Malaysians start to work as one nation. Many of my colleagues are working and living in China and doing well there. With our currency going down, this is accelerating.

Mat Bruce
26-07-2015, 02:57 PM
Thought I'd share my list of expenses as a diploma graduate and already working for 1.5 years:

Food: 250-270 (I actually have RM50 food allowance from the company but the figure is without it deducted)
Petrol: RM320
Bills (Phone, electric, internet shared with 2 others) : RM160
Health Insurance: RM200

I dont pay rent as I'm fortunate to have a relative willing to let us stay in his apartment unit without collecting from us. However standard rates where I'm staying is roughly RM700-800. So shared with 2 others would be around 250 per person

I use a second-hand car so no loans

Maybe another RM100 for groceries & leisure

So all in about RM 1250-1300 in expenditures. Buying a brand new car is what's killing new graduates like *Emily paying RM700 a month :eek:.

Lucky, you dont pay rent. rental is one of the biggest expense. Some kids are lucky, their parents will give them a house.

RigerZ
26-07-2015, 07:51 PM
Lucky, you dont pay rent. rental is one of the biggest expense. Some kids are lucky, their parents will give them a house.

We still set aside about RM30 per month so we can belanja our relative as a token of appreciation. Those kids with a house wont have to worry about anything at all already :laugh:

Rental if shared with other people wont be so bad at least. I guess the same would go for car loans (if parents are able/willing to support)

Woodpecker
26-07-2015, 08:54 PM
They demand high salary but work performance .. such a pittance. What an employer should consider?. Survival or the company or the staff?. Of course we cannot pay too little that they hardly have enough for a decent living but they should gear up too for company's sake. Normally they do not have this kind of thought especially the breed of new schools.

Old diplomas are much better than degrees nowadays. Much of the syllabus had been simplified and when it should be used in their course of work, errr.. dunno la, not taught before .. huh.. my diploma ada value more than their degrees !!.

ng
26-07-2015, 09:05 PM
Thought I'd share my list of expenses as a diploma graduate and already working for 1.5 years:

Food: 250-270 (I actually have RM50 food allowance from the company but the figure is without it deducted)
Petrol: RM320
Bills (Phone, electric, internet shared with 2 others) : RM160
Health Insurance: RM200

I dont pay rent as I'm fortunate to have a relative willing to let us stay in his apartment unit without collecting from us. However standard rates where I'm staying is roughly RM700-800. So shared with 2 others would be around 250 per person






Your food bill is cheap, mine is double that.

Your rental is cheap. In KL, the average rental rate for whole furnished apt is rm 1300-1500

bslee
26-07-2015, 10:09 PM
Your rental is cheap. In KL, the average rental rate for whole furnished apt is rm 1300-1500
The average rental in USJ Subang for a 22 X 75 or thereabout, unfurnished but fully fit for rental is at the RM1,200 mark now. It was around the 800 mark before the property priced boomed.
Thereon, the owners will be quite tempted to increase the rental after the contract expire. If one doesn't earn more, how to keep up with their greed? Don't forget you've to also fork out 1.2k X 3 months rental deposit.. so much money to fork out just to rent a house.

RigerZ
26-07-2015, 11:02 PM
Your food bill is cheap, mine is double that.


Just for one person? I mainly eat mixed rice; 1 meat, 1 veggie, 1 dan lain-lain, already RM5-5.5 x.x



The average rental in USJ Subang for a 22 X 75 or thereabout, unfurnished but fully fit for rental is at the RM1,200 mark now. It was around the 800 mark before the property priced boomed.
Thereon, the owners will be quite tempted to increase the rental after the contract expire. If one doesn't earn more, how to keep up with their greed? Don't forget you've to also fork out 1.2k X 3 months rental deposit.. so much money to fork out just to rent a house.

:eek:

Blue Jasmine
27-07-2015, 10:19 AM
that day at putra heights restaurant mixed rice. one rice one taugeh one meat (small scoop ) RM 6.70-..@&$@#$@#%. I asked her (Indonesia maid) how do u charged? rm 2.00 ( taugeh) rm 3.50 (meat pieces) rm 1.20( rice)

ng
27-07-2015, 10:29 AM
that day at putra heights restaurant mixed rice. one rice one taugeh one meat (small scoop ) RM 6.70-..@&$@#$@#%. I asked her (Indonesia maid) how do u charged? rm 2.00 ( taugeh) rm 3.50 (meat pieces) rm 1.20( rice)


Taugeh is very cheap. RM 2.00 is too much.

But then there are lots of rich people in USJ who are willing to pay or else the business would go bankrupt.

Greenwich
27-07-2015, 11:25 AM
Thought I'd share my list of expenses as a diploma graduate and already working for 1.5 years:

Food: 250-270 (I actually have RM50 food allowance from the company but the figure is without it deducted)
Petrol: RM320
Bills (Phone, electric, internet shared with 2 others) : RM160
Health Insurance: RM200

I dont pay rent as I'm fortunate to have a relative willing to let us stay in his apartment unit without collecting from us. However standard rates where I'm staying is roughly RM700-800. So shared with 2 others would be around 250 per person

I use a second-hand car so no loans

Maybe another RM100 for groceries & leisure

So all in about RM 1250-1300 in expenditures.


Careful on spending is of course important and necessary but it won't solve the problem. Increase your earning is the only solution.

Your academic discipline is not the one that determine where you are, choose the right job/skills during the early part of your career is. Do an honest review on yourself on your strength and interests. Is the current job is what you want ? If answer is yes, then try to find similar job which offer you better salary and be prepared for the demand and challeges associated with a higher-paying job. If the present job is not what you want , then explore other jobs in different industry.

If your skills is in demand in other countries which pay well, do not hesitate to grab the opportunity. Granted, time is bad now globally and such opportunities are not abundant. Don't choose a job that after 5 years, someone fresh from school can take over you job with lesser pay. Employability is getting more complicated and demanding. Gone are the days for those who think they stick in a company long enough as generalist, their so-called "experience" will be useful.

You are young (I think), do something now and hopefully you don't need to moan and whine like others about expensive ytf and fried rice after retirement..

Sentinel
27-07-2015, 11:26 AM
The average rental in USJ Subang for a 22 X 75 or thereabout, unfurnished but fully fit for rental is at the RM1,200 mark now. It was around the 800 mark before the property priced boomed.
Thereon, the owners will be quite tempted to increase the rental after the contract expire. If one doesn't earn more, how to keep up with their greed? Don't forget you've to also fork out 1.2k X 3 months rental deposit.. so much money to fork out just to rent a house.

Its affordable to a Bangla worker working as a Loader at KLIA2

http://i233.photobucket.com/albums/ee122/GreenBug19/Gaji%20Bangla_zpskwaazhce.jpg (http://s233.photobucket.com/user/GreenBug19/media/Gaji%20Bangla_zpskwaazhce.jpg.html)

RigerZ
27-07-2015, 02:00 PM
Its affordable to a Bangla worker working as a Loader at KLIA2



What is the Pelarasan for??? :eek::eek:

Sentinel
27-07-2015, 03:42 PM
What is the Pelarasan for??? :eek::eek:

I really dunno... but in English it means "adjustment".... I just share what was posted on my facebook by a friend

jan tomaswaki
27-07-2015, 04:25 PM
Most probably it is mistaken printout.If yes,this bugger works on Sun,public holidays so that it pays more ,like Sunday 2x pay after that overtime is 1=3x hours,public holidays 3x pay and overtime 1=4.5 hours.Pls also include lunch breakovertime...:heheheh:

Sentinel
27-07-2015, 05:43 PM
I don't think it's a mistake, I think the guy with the KDN licence takes the "adjustment"

bslee
27-07-2015, 06:42 PM
I'm thinking this is one of those few privileged and lucky foreign labor who have the luck and fortune to earn much more than a lot of locals can.
But then again, for that amount of "extra wages" in the form of overtime that is far more amount than mere basic, that fella have to toil double triple times harder than other wage earners and 9-5 workers.
Yes, a lot of local wage earners also hope to earn much more in overtime (and they're ever willing to work it out too) so that end of the month will have a sizeable pay packet.
My sis in law who works in a Sg Way factory, used to have quite a pay packet end of the month, but in recent years, all reduced to mere basic salary because of extreme cost cutting measures and all overtime reduced or eliminated altogether due sales in their products ain't doing well globally and manufactured quantity reduced by a large percentage..What to do?..the circumstances are such, then sudah tua..job hopping to another job ain't that easy too..so rough it out till retirement lor..low cost flat (RM40k I think) purchased 12 years ago already paid up..only car to pay up in couple of years..then retire to kampung..nothing else to hutang...such is her imminent future. Will the younger generation be facing a similar challenge...NEVER! A blardi single storey house can cost 300k now!..Yes, my son purchased one recently at Bandar Putera 2 (somewhere between Shah Alam and Klang), now awaiting completion in around 12-15 months time.. 300k!.. RM1500 PER MONTH installment.
Malaysia is the only place where you are to buy a new house without ever seeing it.. How convenient!

Greenwich
27-07-2015, 07:51 PM
.... Malaysia is the only place where you are to buy a new house without ever seeing it.. How convenient!

For most people, house is the single biggest investment in life..

The biggest nightmare will be the housing project is abandoned halfway, the unscrupulous developer closed shop and no legal recourse that can recover the investment.. but the buyer is still legally obliged to repay the amount of money that has been disbursed to the developer !!

bslee
27-07-2015, 09:47 PM
The biggest nightmare will be the housing project is abandoned halfway, the unscrupulous developer closed shop and no legal recourse that can recover the investment.. but the buyer is still legally obliged to repay the amount of money that has been disbursed to the developer !!

Yup!..and it reminds me of the Subang Rhythm & Newgate Avenue (now Main Place) failure in 2001/02. I wonder if the culprits were ever brought to justice?