Bajet 2015 Take 2

[jacksonlim]

Here is the scoop: [The Star Highlights]

Our continues reliance to oil as the main sauce of income has impacted us once again, but the funny bit is, why during the peak of the oil price we did not get to enjoy also...

Now the kids has to suffer once again, no more camping trip...

[Henry T]

Running a country is pretty much like running a household. When you waste a lot and spend lavishly without a thought of saving for the rainy days this is what happen. Everyday is a sunny day, meh.

This country has been running budget deficits for the past 15 years.

[jacksonlim]

This country has been running budget deficits for the past 15 years.

Ah Jib Ko said the current balance sheet will remain a surplus wor... But we still owe people money...

Singapore also surplus, and they have Zero foreign debt... I wonder why our surplus and their surplus different...

[Sentinel]

Not true... we are going for a 3.2% deficit budget, not surplus

[Sentinel]

Ringgit is now lowest in 6 years... shringgit it is now.... time to bring back those greenies....

[ng]

http://www.thestar.com.my/Business/B...015/?style=biz

Quote:
"In fact, almost all currencies in the region have softened against the US dollar since September 2014"

I don't know how someone did not notice that three neighbours strengthened significantly against Ringgit ie. Thai baht, China RMB and Singapore dollar.

Last year 1 ringgit = 10 baht
Now = 9 baht

Last year 1 SGD = 2.5 ringgit
Now = 2.7 ringgit

Last year 1 ringgit = 2.1 RMB
now = 1.7 RMB

And there's still the sense of 'it's not a crisis'.

[Sentinel]

There is no crisis - Malaysia only has a national debt of RM569 billion.... but there's another RM130 billion contingent liabilities ie those guaranteed loans and bonds by Malaysian government taken by Malaysian GLCs - this is the one that will buckle your knees when crisis hit....

[Henry T]

If we believe Ah Jib Kor we'll end up in Hollan. Better prepare yourselves and brace for the crash.

The fact that the Swiss Franc de-pegged from the Euro $ tells a story. Now the Danish Kroner wants to follow suit.

Btw, with the appreciation of the Swiss Franc there is a rush to buy Rolex watches in Singapore. Authorised Dealers are doing brisk sales. New stock will cost much more. You can bet some dealers will hoard existing stock and jack up the price later.

[ng]

Instead of 'postponing' increase of electricity rate, they should be decreasing electricity rate instead since oil prices have dropped so much.

[Henry T]

Instead of 'postponing' increase of electricity, they should be decreasing electricity cost instead since oil prices have dropped so much.

What has oil price got to with electricity rates?

Most of our power is generated by coal or coal and gas combined. Coal prices may have come down but the gas supplied by Petronas is at a subsidised price, way below market price.

[Greenwich]

What has oil price got to with electricity rates?

Most of our power is generated by coal or coal and gas combined. Coal prices may have come down but the gas supplied by Petronas is at a subsidised price, way below market price.

The TNB power plants and the IPP that depend on gas supply from national gas grids need diesel as the fuel for all their backup-generators in the event the gas grids encounter supply safety and stability issue. The diesel grade is 100% mineral diesel as they have exemption from using B5 biodiesel for product storage stability.

Of course, this does not give any link between falling crude price with the electricity rate..

[Greenwich]

Back to this budget thingy…

I recall for the past two decades+, with the exception of minor and negligible decrease/increase of personal income tax rate announced during the annual budget, practically all the budgets have not benefited nor impacted me..

Wtf...........

[ng]

Of course, this does not give any link between falling crude price with the electricity rate..

If there is no link, then why is it that everytime oil price goes up, they want to increase electricity rate?

[Greenwich]

If there is no link, then why is it that everytime oil price goes up, they want to increase electricity rate?

Can you show evidence of " everytime oil price goes up, they want to increase electricity rate "... ?

Cam just show the 10 years period between 2005-2014....

[jacksonlim]

Can you show evidence of " everytime oil price goes up, they want to increase electricity rate "... ?

Cam just show the 10 years period between 2005-2014....

This might answer your question. [The Malaysian Insider]