Malaysia
Joined October 2008
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My household income classification ~ forget the B40:M40:T20.
Let us see real numbers ;
Less than RM3000 is poverty
3001 to 7500 is low income.
7501 to 15k is middle income
> 15,001 is high income
Based on households with two kids.
Adjustments needed for family size & location
Megaproject announced:
Corporate wins contracts. Analysts cheer.
Taxpayers get the debt.
The public has learned:
Profits are taken early.
Losses are bailed out for 30 years.
Takeaways:
1/ Short-term corporate gains do not equal long-term economic sense.
2/ The public now checks the debt liability, not just the glossy launch video.
3/ Fix hospitals, basic transit, and schools first. Concrete alone does not lower the cost of living.
Demand for transparency and wirld class governance
khalid karim STEMKITA retweeted
Os cuento:
El AVE de Renfe ha chocado por detrás contra un Iryo que estaba parado en la vía. ¿Y por qué estaba parado?
Esa mañana falló el LZB, el sistema que vigila automáticamente la distancia entre trenes y los frena si hay peligro. Sin él, se pasa a un modo de emergencia. Los trenes avanzan con señales laterales y con órdenes que da por radio el centro de control.
Por el fallo, unos 8 trenes quedaron retenidos en la zona. Entre ellos, el Iryo y, detrás, el AVE. Allí no hay estación ni parada comercial. Fue una parada por el tráfico, no programada.
Cuando se ordenó reanudar la marcha, el Iryo NO pudo arrancar y se quedó parado en la vía. ¿Por qué no arrancó? Nadie lo ha explicado, y en la SER cuentan que no consiguen localizar al maquinista, así que puede estar entre los fallecidos.
Según fuentes del Gobierno citadas por El País, desde el centro de control de Atocha se habría dado por error la orden de avanzar al AVE, con el Iryo todavía delante. Ojo, es una versión anónima, no una conclusión oficial. Ya les conocemos.
En ese modo de emergencia, la norma es que si no hay certeza de que la vía está libre, el tren debe ir a la vista,
a 40 km/h como máximo y listo para frenar ante un obstáculo. A esa velocidad, un choque tan grave sería muy difícil, además vemos como la vía a atravesado el tren.
En 2021 Adif adjudicó a Thales la renovación de la señalización de esta línea, incluida la llegada del ERTMS, el sistema que debe sustituir al LZB: 93,8 M€ y un plazo de 52 meses. Eso marcaba el final para principios de 2026. En octubre de 2026 el ERTMS sigue sin funcionar.
Según elEconomista, la migración del LZB al ERTMS estaba en fase final de pruebas este mes. Además, el mantenimiento de la señalización, incluido el LZB, lo tiene la UTE GTS–SEMI (87,3 M€). ¿Había trabajos en el sistema el día del fallo?
#TikTok vt.tiktok.com/ZSggmkryR/
Very well organized and equipped community of about 4,000 residents.
Wonder how much money they took from us?
Hahaha
"Rafizi Ramli, Nik Nazmi Perlu Segera Berundur" - 50 NGO Berhimpun Di Ibu Pejabat Bersama
#malaysiagazette #RafiziRamli
We waste billions on white-elephant megaprojects, inflated direct-nego contracts, sweetheart concessions, and subsidising waste instead of productivity.
Manage our public funds with basic integrity and we wouldn't be short on cash for world-class public healthcare, modern schools, high-paying jobs, and a targeted safety net that actually protects the vulnerable.
Apa yang condescending nya?
And its not about commission/income
Is platform work sustainable~ that's the question.
Will they be replaced by robots,drones and autonomous vehicles?
Shouldn't Gov create better jobs with fair wages?
khalid karim STEMKITA retweeted
Sebelom naikkan share komisyen utk gig workers, kerajaan kene make sure, blue and white collar's gaji kene naik dulu. Barier of entry utk kerja gig ni rendah sangat, budak hancur SPM pon boleh masuk. Takut nanti jdi masalah budak xnak habis sekolah sebab kerja gig lumayan sgt.
LNG at US$18/mmBtu means fuel alone costs about 50 sen/kWh for a modern gas plant (55% efficiency).
Add O&M and capital costs, and electricity generation is roughly 55-60 sen/kWh.
Solar+battery is way cheaper.
But Madani is awarding more CCGT IPP contracts.
1) Malaysia spent tens of billions of ringgit building shiny MRT and LRT lines that run with empty seats, while our highways are choked in permanent gridlock.
2) Why? Because our fuel policy literally pays people to drive instead of taking the train.
3) Under the current RON95 system, government aid is paid per litre. If you leave your car at home and take the MRT, the government gives you RM0 in petrol aid. But if you drive a heavy car, sit in traffic, and burn 300 litres a month, taxpayers hand you hundreds of ringgit in petrol subsidies.
4) Think about how crazy that rule is: the more exhaust smoke you pump into the sky, the more taxpayer cash you get. The greener your choice, the less help you receive.
5) Now look at the Madani plan: instead of ending this trap and making driving pay its real cost so people actually fill those empty trains, the government decided to keep subsidising cheap RON95 for 99% of drivers.
6) The government used your tax money to build mega-train projects, and now uses your tax money to bribe millions of drivers to keep driving past them in bumper-to-bumper jams. You literally get paid more public money the more you pollute.
Klang Valley didn’t build rail around demand. It built rail around ribbon-cuttings.
China requires 7,000 daily riders per km for new metros; we average 3,410 and still want to build more
@anwaribrahim
@akmalnasir
Stop the madness
Defer MRT3
Is AirAsia too big to fail?
KLIA2 will lose a big chunk of the traffic..
It will take some time for other airlines to pickup the slack.
"Brazil is not dependent on financial markets. On the contrary, financial markets depend on government spending, which creates financial assets for the private sector, while government debt denominated in the national currency is one of the instruments through which those assets are held"
The entire Financial Times editorial board has published a piece urging Lula to cut government spending and appoint a finance minister who enjoys the confidence of investors.
I get the impression that the FT editorial board has never opened an economics book other than some outdated introductory macroeconomics textbook, perhaps something by Mankiw. Otherwise, it's hard to explain such astonishing arrogance and economic ignorance.
Lula and the Brazilian people have absolutely no reason to bow to the demands of financial markets. Brazil is Latin America's largest economy, a major regional power, and a country with a high degree of monetary sovereignty. Around 97% of the central government's debt is denominated in its own currency, the Brazilian real.
The relationship between the state and financial markets is therefore nothing like the FT portrays it. Brazil is not dependent on financial markets. On the contrary, financial markets depend on government spending, which creates financial assets for the private sector, while government debt denominated in the national currency is one of the instruments through which those assets are held.
What Brazil needs is not capitulation to financial markets, but an independent economic policy focused on expanding production, creating jobs, and improving people's living standards.
Armed with the insights of heterodox economic theory, Brazil has the potential to show the world what a genuine economic miracle looks like. ft.com/content/79785581-88c2…
khalid karim STEMKITA retweeted
L’un des passages les plus poignants de la littérature russe,
Anton Tchekhov écrit dans l’un de ses récits :
" À l’arrêt d’autobus, un vieil homme et une jeune femme enceinte attendaient ensemble.
L’homme ne cessait de fixer le ventre rond de la femme, intrigué. Puis il osa lui demander doucement :
- Vous êtes à combien de mois ?
La jeune femme semblait ailleurs, perdue dans ses pensées. L’inquiétude se lisait sur ses traits fatigués. D’abord, elle ne répondit pas. Puis, après quelques secondes de silence, elle murmura :
- J’en suis à la vingt-troisième semaine...
- C’est votre premier enfant ? demanda-t-il.
- Oui, répondit-elle d’une voix à peine audible.
- Il ne faut pas avoir peur, ajouta le vieil homme. Tout ira bien, vous verrez.
Elle posa la main sur son ventre, regarda droit devant elle, les yeux brillants, luttant contre ses larmes.
- J’espère… répondit-elle.
Le vieil homme reprit :
- Il arrive parfois que l’on se laisse submerger par des inquiétudes qui, au fond, ne le méritent pas…
- Peut-être…, souffla-t-elle tristement.
Il la regarda avec plus d’attention, plus de compassion.
- Vous semblez traverser une période difficile. Votre mari… n’est-il pas avec vous ?
- Il m’a quittée, il y a quatre mois.
- Pourquoi ?!
- C’est compliqué…
- Et vos proches ? Votre famille, des amis ? Personne pour vous entourer ?
Elle inspira profondément.
- Je vis seule avec mon père… Il est malade.
Un long silence. Puis le vieil homme demanda :
- Est-il toujours ce pilier que vous aviez connu dans votre enfance ?
Des larmes coulèrent sur les joues de la jeune femme.
- Oui… Même ainsi.
- Même dans son état ? Que lui arrive-t-il ?
- Il ne se souvient plus de qui je suis…
Elle prononça ces mots au moment même où arrivait l’autobus.
Elle se leva, fit quelques pas… Puis, se ravisa, revint vers le vieil homme, lui prit doucement la main, et dit avec tendresse :
Allons-y, papa. "
We need economic growth. But GDP growth alone is not enough.
If the gains do not reach lower-income households through better wages and living standards, the headline numbers mean little to them.
How growth is shared matters as much as how fast the economy grows.
Fantastic deal making...they got Godiva for free.
Ülker, 2007 yılında Belçika’nın meşhur çikolata markası Godiva’yı 850 milyon dolara satın aldı.
O dönem Godiva’nın sahibi, Amerikalı, konserve çorba yapan Campbell diye bir şirket.
Çikolatanın kendi işlerine uymadığına karar verip Godiva’yı satışa çıkarıyorlar. Normalde o dönem şartlarına göre Ülker, Godiva’yı alamazdı. Çünkü Godiva’yı almak isteyenler arasında Murat Ülker’den 5-10 kat daha zengin, dünya genelinde bilinen bir dünya şirket vardı.
Mesela Nestlé var, Mars var, Hershey’s var, hatta Starbucks bile o dönem Godiva’yla ilgileniyordu.
Bunların yanında bir de trilyonluk fonlar, finansal yatırımcılar vardı. Şimdi düşünün, bu kadar büyük sermayedarın arasından İstanbul’dan bir bisküvi şirketi çıkıp ben de varım diyor. Normalde kimse ciddiye almaz. Ama tabii burada şans yanlarında oluyor.
2007’de Amerika’da mortgage krizi patlayınca krediler sıkışıyor. Borçla şirket alan yatırımcılar tek tek masadan kalkıyor, tekliflerini geri çekiyorlar. Geriye de arkası sağlam, krizden biraz daha uzak bölgede iş yapan alıcılar kalıyor. Tabii Ülker de onlardan biri. Yıldız Holding’in o dönemki CEO’su Atilla Kurama’nın anlattığına göre pazarlık anında Godiva’nın başındaki isim Murat Ülker’e soruyor: Godiva’yı niye almak istiyorsunuz diyor. Murat Ülker de Topkapı Sarayı’ndaki Kaşıkçı Elması’nı örnek veriyor. Godiva benim için çikolatanın mücevheri, onu parlatırız diyor. Ve 20 Aralık 2007’de anlaşıyorlar.
Godiva o dönem yılda yaklaşık 500 milyon dolarlık satış yapıyor. Ödenen para şirketin yıllık vergi öncesi kârının 15 katı. Yani ucuz bir alım değil. Bayağı tuzlu bir fiyata alıyorlar. Ama gelecek görmese o paraları zaten vermezdi.
Sonuç olarak markayı alıyor ve gerçekten de parlatıyor.
2019 yılında Godiva’nın sadece Asya bölgesinde faaliyet gösteren işlerini ve Belçika’daki fabrikayı 1,3 milyar dolara satıyor. Bu süreçte yıllarca kazandığı para kâr kalıyor. Üstüne bir de işin sadece bir kısmını satarak bile koyduğu sermayeyi çıkarıyor. Yani sıfır maliyetle devam ediyor.
Üstüne bir de diğer bölgelerin hakkı yine Murat Ülker’de kalıyor.
Yani nereden bakarsanız bakın kârlı bir ticaret yapmış oluyor.
O dönem Amerika’da o kriz yaşanmasaydı belki de Godiva’yı hiçbir zaman satın alamayacaktı.
Ama fırsatı görüyor, risk alıyor ve sonunda dünyanın en ünlü çikolata markalarından birinin sahibi oluyor.
Çok öngörülü bir adam…
