Flour subsidy removed by government

Wife said roti canai now costs RM2...an increase of 50cents. What a load of bullcraps.
At this rate, we will be selling roti canai at English or Australian restaurant price in no time.


As usual cakap tak serupa bikin..


https://www.malaysiakini.com/news/332272

The Star reports that the subsidy was removed effective today bringing up the price for 25kg bags of wheat flour from RM33.75 to RM42.

However, The Star report does not state why the subsidy was removed.

Malaysian Indian Restaurant Owner's Association honorary chairperson R Ramalingam Pillai said members will not increase the price of roti canai following the abolishment of the subsidy.

http://www.thestar.com.my/news/nation/2016/03/02/no-need-to-increase-roti-canai-prices-say-restaurant-owners/

“It’s just a few sen, so it can be absorbed. Traders must not exploit the situation as the increase is nominal compared with price per kilogramme of flour.”

http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=611830:in-the-end-najib-brought-down-by-roti-canai-rebellion?&Itemid=2#.VtenVn197IU

It is puzzling when the government is accused of financial scandals to the tune of billions of dollars, but cannot even maintain the subsidy on wheat flour, one of the main household ingredients for any family that cooks, be they Malays, Chinese or Indians.

The government should be ashamed to take away the subsidy at a time when cost of living has increased tremendously with the introduction of Goods and Service Tax as well as toll rate hikes.

But then again, we have a Cabinet with clownish ministers such as Datuk Ahmad Maslan who demonstrated how to cook GST-free fried rice. Or cooking a big pot of rice without fire.

The rakyat are now eating well, and not hungry yet, but when hunger starts to bite, the government will pay for it big time. And it all started because the government took away an essential food subsidy. - 

Malaysia EPF Contribution Rate 2016: 8% or 11%? What izzit??

(image from MalaysiaInsider)

One of the main objectives of Malaysia Budget 2016 revision is to spur growth, and increasing the people’s disposable income will in turn increase consumer spending.(from imoney)

This topic came up during lunch just now. Some interesting opinions of 2 people posted by thecoverage.my . If lazy to read, scroll down to bottom, i read & conclude for you hahaha

I think he mean spend all RM1800 on GST taxable stuff.

If we cut EPF contribution down to 8%,the conclusion seems like this:

a) We get a little more $$ at end of each month to spend (that's what our gomen wishes)

b) We lose a little $$ each month to our EPF (retirement fund) - ALOT if counting compounding interest as done by iMoney article below.

c) We have more $$ under taxable, so slightly more $$ tax gomen gets from taxable people.

d) If we spend extra $$ ,we pay GST, it goes back to gomen pocket...yumm~yumm~ unless you go pasar malam all the way or spend strictly on zero-rated items only.

(from imoney)

Basically, if we play to the game, more $$ from salary, higher tax paid- lower tax relief claimed & less retirement fund interest received on long term. 

More $$ to gomen thru income tax & GST. 

At least i got a clearer picture now.