GST and you. - Page 38
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Thread: GST and you.

  1. #556
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    Quote Originally Posted by Naka View Post
    Who is the GST eggpert here?
    Look for Company Secretary and accountant, they will know the rules and interpretation.

  2. #557
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    Quote Originally Posted by Henry T View Post
    People didn't become poor overnight.
    They just did; by about 5%

  3. #558
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    Talking about GST which is supposed to be "value added" tax to the goods or service. So far, I didn't see and feel what has been added !!

    I wanted to buy some English textbooks and English-medium science & math reference books for secondary level. Can't find them from the book shops here. I spoke to Popular Book Malaysia and asked them to bring the books from Singapore also cannot citing different costing and all sorts of excuses !!

    The textbooks used in Singapore schools and the reference books published by the Educational Publishing Pte Ltd in Singapore are good quality. I emailed Popular Book Singapore to ask for assistance of how to buy these books and bring them into Malaysia. Their customer service staff explained to be in details the various levels of the textbooks and reference books. I can also request them to get the books ready at the branch nearest to my hotel for me to pick up during my visit. They even assigned a staff (with the name and phone number stated in the email) as the contact person when I went to Singapore.

    This is value added... I am happy to pay the 7% Singapore VAT...

  4. #559
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  5. #560
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    Scam is a scam and to extort money from victim, comes in any forms of deceit.

  6. #561
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    dr m said GST is used to bailout govt. and not to turn into 'high income' country as said earlier

    http://www.themalaysianinsider.com/m...ment-says-dr-m

  7. #562
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    We all know what it is going to be used for.

  8. #563
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    Quote Originally Posted by ng View Post
    dr m said GST is used to bailout govt. and not to turn into 'high income' country as said earlier

    http://www.themalaysianinsider.com/m...ment-says-dr-m
    If this is true....very sorry for Malaysia.....

  9. #564
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    Quote Originally Posted by Naka View Post
    If this is true....very sorry for Malaysia.....
    The next generation after us will face more challenges to keep up. I can only do so much but to lead by example and advise my offspring to be prudent in their expenditure, such as place priority in buying a house before thinking of cars, gadgets, consumer electronics and indulging in eating out more often than necessary. High income won't be achieved, do anyone see by then that most will earn RM15k a month? I really never think so.
    Some examples.
    1)Cook at home whenever possible. Don't simply eat out, better for own health. There's nothing wrong in cooking home and bring lunch to work. It saves A LOT OF MONEY if this is consistent..Believe it!
    2)Don't buy new car, use existing one to 12-15 years and maintain it properly. Think of a car as transport from A-B, not as a status and well being. That mindset can help much to deter much in any temptation for new or fancy cars.
    3)Don't simply upgrade new phone. Use it for minimum 5-7 years or till it kaput. Don't worry, new batteries are always available. Can still find compatible batteries for Nokia 3310 phone even now.
    4)Buy good clothes and try to stretch the use to many years where possible. Not really possible for shoes.
    5)Don't simply travel unless there's a good reason. A lot of people simply travel just because long holidays and such..travel in Malaysia is NOT cheap. Petrol, toll, even jam on highway at peak periods increase travel costs. Go figure. No need to balik kampung 3-4X a year. I believe its cheaper and more VFM to budget holiday in Thailand or South China than within Malaysia. Singapore is out of the question.
    6) Use public transport where able, parking and travelling into the city is not a cheap affair. KL isn't like in 1966 or 1980

  10. #565
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    I think most people will do what you have highlighted to fight with rising costs and depreciating purchasing power due to the weakening ringgit. But, there is a limit of what you can achieve by addressing all these symptoms only. The root cause is “money is not enough” due to lower salary relative to living costs. I think efforts should be spent to increase income either locally or to get a higher income job abroad.

    One must have an edge in order to earn more. What is the edge and how to get it is up to the individual. The way I look at the younger people nowadays is they are wasting precious time in areas that don’t give them an edge in future. I think a cleaning supervisor who possess the know-how of how to manage and maintain the cleanliness of a building has a better edge than a graduate who is functioning as another generalist layer in an organization.

  11. #566
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    I don't have a single shred of doubt that this apanama will win Oscar award if he decided to be in the movie industry.. and I also believe he is the best research material if one wants to find a breakthrough in the psychological science of lying...

  12. #567
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    Hmmm..If I think there'll be a biographical movie about him, 80% of Malaysia will flock to the cinemas to watch and the movie will be a box office hit in no time. Perplexing or sound silly, but don't underestimate Malaysians..the more you may think about what they should not do, people will defy your common logic. Thats how it is here.
    Just like I encourage people not to buy new cars..people still buy because they think its all affordable by installment and they fancy new cars over anything most things else. The appeal is so great! Its never faltered with the younger generation.
    Tell people not to eat out so often, people still spend money like water and line up at chain restaurants no matter times bad or good..all sorts of excuses ada...semua ada. RM15 for some "king burger" is never an issue, but to pay 60 sen GST extra for phone top up is a huge issue.
    To me defiance of common logic is rampant and happen anytime in this era. Still lots of people ruled by the heart than head and there goes that "competitive edge" to the longkang at the same time.

  13. #568
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    While majority of those at the same age are busy spending precious time in social media, she spent a few years developed her network in high-end property after graduating from Nanyang Polytechnic. At the age of 26, she becomes an overnight millionaire after selling a penthouse at the Le Nouvel Ardmore for a record SGD51 million last month. The commission of the deal is about SGD1.5 million.

    Read the article, you will find she did not come from well-to-do or well-connected family. You may say she is lucky but luck always favour the right people who work harder to equip themselves with extra edge..

    http://www.straitstimes.com/news/sin...%23xtor=CS1-10

  14. #569
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    I was at 1-City this morning and notice many shops and stalls closed. Closed as in closed for good.

    At the same time MCT the developer is showcasing their property developments at their ground floor gallery. One of which is called REO Residences near the 1-City site. The podium is a shopping Mall with the tower block being the residences. Priced at RM800 per ft2 the units range in area from 300+ ft2 to 600+ ft2. Delivery of the residential units is in five years because the construction of the mall itself will take two years. There don't seem to be a shortage of buyers because many units are bought up.
    " In the land of the blind the one-eyed-jack is king."

  15. #570
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    There still exist this herd mentality when it comes to buying property. The developers together with the banks are making it easy to borrow money for these types of properties where the valuation is deliberately set high. When it is up for sale in the secondary market, no such valuations exists and they deliberately lower the valuation so that anyone who buys these properties would invariably end up having to come up with half or more of the selling price of the property.

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