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Wednesday, December 29, 2010
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Thursday, November 18, 2010
EMPLOYMENT INJURY INSURANCE SCHEME
Employment Injury Insurance Scheme provides protection to employees who suffer from accidents arising from work. Employment injury means personal injury to an employee caused by an accident or an occupational disease arising out of and in the course of employment in an industry to which this act applies.
The Employment Injury Insurance Scheme protects employees from:
1) Accidents which occur while in the course of the work.
* Accident which occurs while working at the work place and was caused by the employee's job.
2) Accidents which occur while traveling
* On a route between his place of residence and his place of work.
* On a route between his place of work and the place where he takes his meal during any authorized recess.
* On a journey made for any reason which is directly connected to his employment. (on condition the accident does not occur during any interruption or deviation of the journey).
3) Accident during an emergency
* Accident which occurs during an emergency at the employer's premises while in the course of assisting, rescuing, or protecting other people from disasters such as a fire breakout.
4) Occupational Disease
* Disease that results from his occupation. The list of diseases and cause agent can be found in the Fifth Schedule of the Employee's Social Security Act, 1969. Examples:
Loss of hearing due to exposure to continuous excessive noise.
Respiratory diseases or industrial asthma as a result of exposure to dust for employees in sawmills, powder factories, flour mills, and others.
THE BENEFITS PROVIDED UNDER THE SCHEME
• Medical Benefit
• Temporary Disablement Benefit
• Permanent Disablement Benefit
• Constant Attendance Allowance
• Rehabilitation Benefit
• Dependent's Benefit
• Funeral Benefit
• Education Benefit
* Protection for employees who meet with an accident or suffers from an occupational disease. These employees are entitled to free treatment at SOCSO panel clinics or government clinics/hospital.
* The employee receiving treatment from a SOCSO panel clinic must continue the treatment there until he recovers.
* Transferring of treatment place to a government hospital can only be made if referred by the panel clinic.
* For serious injuries, treatment should be obtained at a government hospital and the employee is eligible for second class ward treatment. Specialist treatment will be provided, if required.
How to claim
To apply and receive the medical benefits for the first time, the following documents must be completed and submitted to a SOCSO panel clinic:-
• Form 21 (Accident Report)
• Form PKS 68 or PKS 69 (Occupational Disease Report) or
• Identification Letter from employer
For treatments received from a clinic which is not a SOCSO panel, the employer or employee can submit application for Reimbursement Payment to the relevant SOCSO office for approval subject to rates determined by SOCSO.
How to claim
To apply and receive the Reimbursement Payment, the following documents must be completed and submitted to a SOCSO office:-
• Form PKS (P) 24 (Reimbursement Travel Claim Form)
• Form PKS (P) 26 (Reimbursement Payment (General) Claim Report)
• Original receipt
• A copy of the Appointment Card
• A copy of the Medical Report (if any)
TEMPORARY DISABLEMENT BENEFIT
Benefit To Be Paid
* This benefit is paid on employee who has been certified by a doctor to be unfit for work for not less than (4) days including the day of the accident.
* This benefit is paid for the period the employee is on medical leave. However, no benefit will be paid for the days for which the employee works and earns wages during this period.
Rate of daily benefit to be paid
80% of the average assumed daily wage.Subject to:
• A minimum of RM10.00 per day (for employees who earn less than RM10.00 per day)
• A maximum of RM78.67 per day (for employees who earn more than RM2,900.00 per month)
How to Claim
Claims can be made by submitting the following documents:-
• Form 21 (Accident Report)
• Form 10 (Claim Form)
• Doctor's Certification (Form 13) or the original copy of the Medical Certificate
• A copy of Identity Card
• Attendance Record/Punch Card/Employer Certification
• Form PKS (F) 1 (Statement of Wages/Contribution details)
For accidents which occur while commuting, please also submit the following:
• Police Report
• Sketch map of place of accident
For Occupatioal Disease claims may be made by submitting the following documents:-
• Form 68 (if the employee is still working)
• Form 69 (if the employee has stopped working)
• Original copy of the Medical Certificate (if any)
• Form 10 (if there is any medical leave)
Completed forms and documents must be submitted to the SOCSO office where the employer was registered.
Duration for Report of an Accident
The employer must report an accident within 48 hours and any report received later than 12 months will not be entertained.
PERMANENT DISABLEMENT BENEFIT
Permanent disability is defined as a lasting disability due to an employment injury.
The employee may continue to work while receiving this benefit.
Duration of a claim
Claim must be made within 12 months from the date of final Medical Certificate issued.
Rate of daily benefit to be paid
The daily rate is 90% of the average assumed daily wage of the Insured and subject to a minimum of RM10.00 per day and a maximum of RM88.50 per day.
How to Claim
The Insured must submit a written application to the relevant SOCSO office for reference to the Medical Board. Please include the following documents:-
• Application Form
• A copy of Identity Card
• Medical Report (from hospital/clinic which treated him)
• Form 10 (Claim Form)
• Form PKS (F) 1 (Statement of Wages/Contribution details)
• A copy of the saving's account book for direct payment of benefits.
How the benefit is paid
The case will be refereed to the Medical Board for disability assessment. The decision of the assessment will be notified to the Insured.If the permanent disablement is assessed at 20% or less the employee can claim that the benefit in the form of a lump sum payment. If the assessment of the permanent disablement exceeds 20%, the benefit will be made in monthly payments. However, the employee can apply that1/5 of the benefit to be paid lump
sum, while the balance to be paid in monthly payments and as a monthly pension for life.
The Insured may continue to work while receiving this permanent disability benefit.
If the Insured or SOCSO is not satisfied with the decision of the Medical Board made, an appeal can be made to the Appellate Medical Board within 90 days from the date notification to the Insured.
CONSTANT ATTENDANCE ALLOWANCE
This allowance is paid to an employee who is suffering from permanent total disablement (i.e 100% loss of earning capacity), and is so severely incapacitated that he constantly requires the personal attendance of another person. The allowance is equal to 40% of the rate of permanent total disablement benefit subject to a maximum of RM500/-. Eligibility for this allowance is determined by the Medical Board or the Appellate Medical Board and the payment is made directly to the recipient of the benefit.
Facilities for vocational and physical rehabilitation are provided free of charge by SOCSO to an employee who suffers from permanent disablement. Physical rehabilitation includes:
* Occupational therapy
* Reconstructive surgery
* Supply of artificial limbs such as artificial leg, hand, eye and dentures
* Supply (as well as repair and replace) of other orthotic equipments such as wheelchairs, crutches, hearing aids, spectacles, calipers, and orthopedic shoes
* "Return to Work" Programme Vocational rehabilitation includes:
* Vocational training in courses such as electrical wiring, tailoring, radio/TV repairs, metal trade, refrigerator and air-conditioner repairs, plumbing, typing and secretarial work. All expenses incurred will be borne by SOCSO based on rates and conditions determined by SOCSO.
If an employee dies as a result of an employment injury, his dependents are entitled to this benefit.
Rate of daily benefit to be paid
90% of the average assumed daily wage.Subject to:
• To a minimum of RM10.00 per day (for employees who earns less than RM10.00 per day) an a maximum of RM88.50 per day.
How to Claim
If there is widow, widower or children, the claimant must submit:
• Claim Form (Form 24)
• Death Certificate of the employee*
• Birth Certificates of all the children*
• Marriage Certificate*
• Widow/widower's Identity Card (whichever relevant)*
• A copy of the savings account book of the claimant
*Please bring along the original documents for SOCSO's verification.
Allocation of the benefit
The following is the allocation of share based on priority:-
Divide on full
|Widow or widower||3/5|| |
Receives benefit for life even though
widow or widower remarries on or after
1st May 2005
Children - All eligible children are
entitled to receive benefit which
includes natural, dependant step-child,
adopted child or a child out of wedlock
Receives benefit up to age 21 or marriage
whichever occurs studying in a institute of
higher learning, he/she will receive benefit up
to completion of the first Degree or marriage
(whichever occurs earlier). If a child is mentally
retarded or physically handicapped and is unable
to support himself, the benefit will be paid as long
as the child is unable to support himself.
If the Insured dies and doesn't leave any widow or widower or children, the dependent's benefit will be paid to:
|Parents||4/10||Receive benefit for life|
|Brothers and sisters||3/10|| |
Receive benefit up to age 21 or marriage
(whichever occurs earlier)
|Grandparents (If parents have pass)||4/10||Receive benefit for life|
If there is no widow, widower or eligible children, the claimant must submit:
• Claim Form (Form 24)
• Death Certificate of the employee*
• Birth Certificates of the deceased employee*
• Birth Certificates of all brothers and sisters (if relevant)*
• Identity Card of parents or guardian or grandparents (if relevant)*
• A copy of the savings account book of the claimant
*Please bring along the original documents for SOCSO's verification.
An amount of RM1,500 will be paid if an employee dies as a result of an employment injury or while receiving disablement benefit. Payments will be made to the eligible next of kin. If there is no next of kin, the benefit will be paid to the person who incurred the funeral expenditure. The amount paid will be the actual amount incurred or RM1,500 whichever is lower.
How to claim
To apply and receive the benefit, the following documents and their certified copies must be completed and submitted:-
• Claim Form (Form 26)
• Death Certificate*
• Other relevant documents which certifies the next of kin*
*Please bring along the original documents for SOCSO's verification
Tuesday, November 16, 2010
Thursday, October 28, 2010
Wednesday, October 20, 2010
Monday, October 11, 2010
Wednesday, September 29, 2010
Right click to download the PDF:
Wednesday, September 15, 2010
Thursday, September 09, 2010
Although we can argue about how they do the ranking, but none of Malaysia university make it to top 200! We have:
1. world top 10 tallest building
2. own Formula1 team
3. top 3 most expensive country to own a car
4. etc etc etc..... many more world top, but look at the result here:
WHERE IS MALAYSIA BOLEH?
Friday, August 20, 2010
Thursday, August 19, 2010
Treasure your life, don't SMS/text while driving.
p/s: also wear seat belt:
pp/s: see also other love life posts:
Wednesday, August 11, 2010
Because of Malaysia government impose a credit card tax for every credit card you have yearly (during the anniversary of the credit card), many people choose to cancel their card(s). Although the banks can waive your annual fee, but the credit card tax still have to be pay by the consumers. Some banks can 'compensate' the credit card tax somehow, but some don't, you have to pay the RM50 for principle card and RM25 for sub card. I have a few cards because I was greedy on the gift the credit card promoter hand out :P Now it is time to cancel my credit cards. During the process, I found out that different bank have different ways of cancellation for credit card. This list is what I know:
Group 01 - you can call to the bank to cancel your credit card(s) and they will fax you a cancellation form:
Group 02 - you have to fax, or email a cancellation letter, or walk in to the bank to fill up a cancellation form
Group 03 - just call and they will cancel your card
a. CIMB (provided by ~y3nch1ng~)
Do leave at the comment if you know how to cancel your credit card at other banks. :)
Thursday, June 17, 2010
Public Mutual report: Market Wrap 06 04 10 (MG) - for the month of June 2010
Click to see the pdf:
Market Wrap 06 04 10 (MG).pdf
p/s: see other related posts:
Thursday, June 10, 2010
Thursday, June 03, 2010
Not sure how true, but better be safe than sorry later!
Please read below. The message is true. I almost lost my daughter who put a piece of the leaf of this plant in her mouth and her tongue swelled to the point of suffocation. This is one plant but there are others with the same characteristics of coloring. Those are also poisonous and we should get rid of them. Please watch out for our children. As we all leave our children home in the hands of the helpers, we should give them a safe environment where they can play.
"This plant that we have in our homes and offices is extremely dangerous!
This plant is common in Kenya , Rwanda , Uganda in plant nurseries, many offices and homes. It is a deadly poison, mainly for the children. It can kill a kid in less than a minute and an adult in 15 minutes. It should be uprooted from gardens and taken out of offices. If touched, one should never touch ones eyes; it can cause partial or permanent blindness. Please alert your buddies.
Tuesday, June 01, 2010
Thursday, May 27, 2010
See the ads below? Sounds like the bank is willing to help you at raining day. Yes?
NO! Don't fall in money/debt trap. No money then don't spend anymore! Read the money tips:
Public Mutual report: Market Wrap 05 14 10 (MG)
Click to see the pdf:
Market Wrap 05 14 10 (MG).pdf
p/s: see other related posts:
Monday, May 24, 2010
I switched to Standard Charted credit card because I wanted the cool hard money that they gave during the promotion. It was RM100 went that they gave. After Mr Rosmajid implement the credit card tax, then the bank give RM150 to their customers to offset the credit card tax.
Anyway, there was another promotion to pay the bills online at Standard Charted online banking between 11March, 2010 to 09April, 2010. 30 lucky winners could win up to RM200 cash back when paying bill using Standard Charted online banking.
Actually I have already forgotten such a contest, until I get the letter from Standard Charted congratulating me for being one of the 30 winners. I seldom get this lucky! :)
I think it was the TNB bill, costing RM196.40, now it is free! :)
Here is the letter (click to see bigger picture):
Find out how to get the free RM150 from Standard Charted bank:
Thursday, April 29, 2010
If you could have more money in your checking account, you'd definitely take it, right? It probably comes as no shocker to you that it's really easy to let your funds slip away. But what you might find surprising is how simple it can be to turn things around for the better. Here are 5 common money mistakes with doable solutions.
Money Mistake #1: My Money Is Disappearing
No one starts the month planning to fritter away a small fortune, but that’s what can happen when minor expenses spiral out of control. It’s not just shopping at Saks that gets you into trouble. Seemingly innocent purchases — $15 jeans at Target, a few things for the kids at a two-for-one sale, the occasional Frappuccino — can do real damage to your bottom line.
What does it take to waste $10,000 a year? Just $27.40 a day. “You can undermine some of your most important goals with purchases you’ll never remember,” says Suzanna de Baca, president of Private Capital Solutions Group, a Des Moines, IA, investment advisory firm.
The fix: Know thyself financially. First step: Take five minutes and read through your latest bank statement. If the transactions seem unrecognizable and you have no idea why you went to the ATM a dozen times, spend a week tracking your spending (longer, if possible).
You can use a notebook, keep receipts in an envelope, try software like Quicken, or check out an online budgeting tool. Whichever you choose, find a money-tracking method that lets you see your purchasing patterns with fresh eyes.
Money Mistake #2: I Throw Away Cash
Who would pass up free money? Maybe you, if you make only the minimum contribution to your employer’s 401(k) savings plan — or opt out of the plan on the grounds that money is tight. According to the 2008 Wachovia Retirement Survey, only about a quarter of women with 401(k)s contribute the maximum allowed. Puny 401(k) contributions mean you aren’t taking full advantage of any free matching funds your company offers. Says De Baca: “If your boss offered to add $25 to your weekly paycheck, would you turn it down? Of course not.” Most employers match all or part of the first 3 to 6 percent of pay employees contribute.
That might not sound like much, but take a look at the math: Assume your company will kick in 50 cents for every dollar you put in, up to 5 percent of your salary. If you’re 40 and making $40,000 but decide not to fund your 401(k), you could be giving up almost $230,000 over 25 years.
The fix: If money is so tight you can’t imagine saving two bucks, start small. You don’t have to put in the maximum $15,500 annual contribution ($20,500 if you’re 50 or older). Instead, increase your contribution by 1 percent of pay a year, until you get the full match. One painless way to save: When you get your next raise, use all or part of it to bump up your 401(k) contribution.
If your employer doesn’t offer a match, that doesn’t mean you should skip making contributions. Remember, a 401(k) lets you put away money tax-deferred. This doesn’t just lower your current tax rate; your earnings can really grow, because Uncle Sam isn’t taking a bite out of them.
Money Mistake #3: My Kid’s Budget Runneth Over
Many parents find themselves wrestling with financial discipline when it comes to their children, says Galia Gichon, creator of “My Money Matters” Kit, a box of financial tips and workbooks. Whether it’s snacks for the little ones at the market or new skate shoes for your tween, “it’s amazing how quickly saying yes can add up,” says Gichon, a New York City financial planner and mother of two.
The fix: Rather than simply saying no to your kids’ endless wish lists — which can lead to wrenching battles — protect your budget and sanity by teaching your children Money Management 101. “Distract and delay” tactics work especially well for children age 6 and under. If your young daughter is jumping up and down for something she wants at the store, says Gichon, “try focusing her attention on something else, or acknowledge what she wants and say that you can talk more about it later when you’re home.” You may have to endure a little complaining, but your child gets an important message about not buying things on a whim.
Money Mistake #4: I Never Saw a Windfall I Couldn’t Spend
Whether you receive a raise, a tax refund, or a generous birthday check from Aunt Dotty, it’s hard not to view a windfall as an excuse to go shopping. Splurging can be fun, but that’s rarely the best use of your extra cash. “Few Americans are saving enough to cover day-to-day crises, never mind the future,” says Jonathan Pond, author of Grow Your Money!
The fix: To make sure you don’t feel deprived, earmark some of the newfound money for a modest treat (Aunt Dotty would want it that way). Gichon suggests using 5 or 10 percent for something fun: “That way you do something for yourself — while deciding what to do with the rest.”
Put the remainder of the money where you won’t be as tempted to touch it. Consider an FDIC-insured, high-yield online savings account such as the one offered by ING Direct. It has no minimum balance requirement or fees, and this account typically pays higher-than-average interest rates.
Next, consider where the money would do you the most good. Tackle any small, urgent problems first — a sore tooth, the clunking sound your car makes, leaky windows. This will help avert the hardship of paying for a string of bigger expenses later on as little problems snowball into debt.
Set aside some of your windfall for expenses that you can’t predict precisely but you know will be coming sometime. “You may not know when your cell phone will quit or the water heater will break, but they will,” Pond advises.
Money Mistake #5: I Forget What I’m Worth
If you’re a stay-at-home mom or you work part-time, you may not have enough life insurance. Many women are underinsured because they’ve underestimated their income or the value of their contributions to the household. De Baca recalls one client whose wife died in her 30s and had only a $100,000 life insurance policy, which didn’t cover the need for child care for the couple’s young children or the housekeeping chores the client then required.
The fix: A rule of thumb to determine the amount of insurance coverage that you need — multiply your annual expenses by the number of years until your youngest child will turn 18. (Some parents may also want to factor in the future cost of their kids’ college.) Life insurance premiums actually have plummeted in recent years. So if you’re a healthy nonsmoker in your 30s or 40s, you can now buy a $500,000 term insurance policy for about $40 a month.
You and your partner should revisit your insurance coverage annually — or at least after a major event, like the birth of a child. “It takes a lot to run a household, and you want to be covered,” says De Baca.
Tuesday, April 27, 2010
Gold is a lot of things to a lot of people.
To some, it is a threat. To some, it is a "trade". To some others, it is an "investment." And to yet others, it is a store of value, and - oh yeah - some people look at it as a currency, too.
The funny thing is that all of these are correct. Gold is indeed all of the above - but the question is: which function does it fulfill best?
We do know from history that gold has always been the ultimate store of value. We also know that gold has fulfilled its role as currency in a most admirable way - whenever it is allowed to do so without under or overvaluing it, and without government/banker interference.
We also know that gold is a most formidable threat to those who want to cement their power and control over populations by monopolizing the issuance of currency without full accountability to free-market principles.
But what we do not realize is that, as an "investment," gold absolutely sucks.
That may sound like a strange statement coming from me, a vocal gold-advocate. Maybe I am following the lead of Al Greenspan and have completely sold out for a few perks and a little bit of status and some power?
No. Sorry. Nobody has offered me any perks, nor status, nor any kind of power.
I haven't changed my mind on gold, either. I am still as pro-gold, pro-precious metals, and pro-freedom as I ever was. It's just that I have realized that gold is not a good "investment". And that is so not because there is something wrong with gold, but because there is something wrong with whatever it is you get back when you sell your gold "investment."
What do we do when we "invest"?
We exchange some paper (or computer-blip) cash for something else, and then we wait, in the hope that the demand for whatever it is that we bought with our paper will increase over time, or that a supply shortage will happen, or that some other event, like maybe a currency depreciation or planned devaluation will happen, so that we can then, at an opportune time, exchange our "investment" back into cash and make what we normally refer to as a "profit."
Profits are great, don't get me wrong. Everybody wants to make a profit - but what are we really doing here?
The focus of an "investment" is never the thing itself. The thing itself is just a medium, a vehicle for a (hopefully) bigger "return", of whatever we have put into it, at some time in the future. Maybe our return will be ten, twenty, fifty, even one hundred percent. We might even triple or quintuple our initial outlay in the process.
If that ever happens, we hold our heads up high and tell our friends and anyone who can't run fast enough at a dinner party that we "made a killing" on such-and-such in the blankedy-blank market.
But, in the end, we still want the cash. And that's okay. Nothing wrong with that in principle.
The problem is only that, if cash is no longer "king" because
* when your country's currency is rapidly declining in value compared to other currencies,
* and when it is the currency of "the" country that consumes everybody else's products, and for that reason cannot be tolerated by everybody else to so decline in value,
then your hoped-for cash-winnings can run into a bit of a challenge.
This problem gets especially protracted when your currency is also considered the reserve currency of the world, the one the other countries use to underpin their own issues. In that case, a falling value makes these other countries less likely to want to hold your currency on reserve.
Instead, since there is now an alternative, the euro, they prefer to exchange whatever amount of their reserves they can to the new euro currency that has no debt load and is not burdened by a trade and current account deficit like the US is.
This desire to hold euro instead of dollars is tempered by only two things, really:
* They still need dollars to buy oil and most other goods on the international markets, and
* If they export to the US, they cannot allow the dollar to fall too low, or they will lose their ability to get US consumers to buy their products, since a falling dollar makes foreign goods too expensive for Americans.
So particularly the Asian exporters like China, Japan, South Korea, Singapore, Malaysia, etc., are in a difficult situation. The whole world is moving toward the euro, and so are they, but the falling dollar makes it necessary for them to buy dollars and US treasuries to keep their own currencies from rising against the currency of their number one export market.
This creates the well-known phenomenon of "competitive devaluation". Even the EU will at some point be forced to join this game.
What is most significant is that the US itself, for purely structural reasons, currently actually likes it when the dollar drops. The US hopes its own exports will thereby become more attractive, cranking up manufacturing at home, and - hopefully - produce some job growth in the process, and better soon!
The problem: despite the rapid depreciation of the dollar since September, the current account deficit has not contracted. December's figures blew way past what the "experts" predicted ($42 billion, instead of 38, as they thought)
When will this process of competitive devaluations end?
Answer: When it's convenient for the US to support its own currency again.
And when will that be? When the US economy gets strong enough so that it can hold its own and produce jobs in sufficient numbers without a protracted, artificially low interest rate regime.
No sooner, and no later.
The trillion dollar question is: will that moment ever come, and if so, will it come in time?
In other words, is there any chance at all that this can occur before the dollar drops so low that prices start rising so fast and so obviously at homethat even the most carefully massaged domestic CPI numbers will no longer keep Americans carelessly borrowing and spending (and stock-buying) like there's no tomorrow.
The next trillion dollar question is: Even IF that moment comes in time, will it help at all with the US trade and current account imbalance? It doesn't look like it will. If the economy starts adding jobs and Greenspan can raise rates a bit, the dollar will get stronger, which means Americans will buy even more foreign stuff and rack up an even higher deficit. Problems, problems.
Sorry for the detour.
The point of all this is: gold-advocates all share a very dim view of these matters, and of the US' ability to eventually extricate itself from the past decades and decades of rigging and brow-beating of free markets.
So, from that vantage point, the question is: will the dollar ever recover? Will any currency be able to extricate itself from this web of competitive devaluations?
If your answer is "yes" - what are you doing looking at gold? Go and invest in stocks, instead.
If your answer is "no" - what are you doing "investing" in gold - for cash??
What are gold-advocates doing investing in gold, or even worse, trading in gold, when all they will get out of it is what they already know will soon be worth less?
Cash is trash. If you're angling for cash, you are asking to crash. (Do I sound like Dr. Seuss?)
If you "invest" (medium to long term) in gold, you'll get back trash.
If you "trade" (short term) in gold, you'll get back what soon will be trash.
Only if you buy and hold physical gold will you get value in exchange for trash.
Which one is the better bargain?
Yes, of course, cash is what we pay our bills with, so we all need it. But accumulating physical gold is the absolute best way to deal with the current (and future) situation. All currencies will depreciate against gold.
You work to make money. You spend what you need to spend, and the rest you use to buy gold. Do this every month, from now on. When you lose your job or need to liquidate some gold because you don't have enough trash to buy whatever you need in the future, liquidate only what you need, and keep building your "hoard" whenever you can.
By all means, buy some good gold and silver stocks, too - especially of companies that keep metal on reserve instead of cash. Maybe invest in a gold ETF. But make physical your mainstay. That way, you build value. If you don't trade gold, you deprive the enemies of gold of their number-one weapon.
And, what's more, you don't get wobbly knees every time gold dips a bit because some CB official somewhere is spitting hot air at the markets.
Currencies are in a downward spiral; even the "strong ones" will eventually follow. The dollar is no longer as pivotal to the world monetary system as it once was only a few years ago. Because of that, gold is no longer as "repressed" as it once was. It is still being "managed", to be sure, but the direction is now slowly upwards. It is no longer being suppressed at all costs.
That's why gold is not an "investment". It needs to be held for its own sake, not to make a stash of trash.
A suggestion: if your fingers are itchy, and you just have to trade something because it's so exciting, trade stocks. That way, at least you won't play into the hands of the bullion and central banks in their attempts to make gold look like trash - for the time being.
Then, if you're lucky and win in the stock-trading casino, take your winnings off the table and put them into gold. Physical gold, that is. But, when it comes to gold itself, the best advice is:
Don't trade it.
Don't "invest" in it.
Just buy it!
Thursday, April 22, 2010
Monday, April 19, 2010
>> 防火宣導隊志工陳音芝表示，這次火災看到很多民眾不會用逃生器材，平常他們在社區宣導防火常識，在民眾配合意願不高下，很難挨家挨戶順利宣導，甚至有民眾不讓他 們進去宣導，如果大家都能有正確防火知識預防火災，就不必付出這麼大的人命成本。
>> 陳澤淵表示，火災時如果沒辦法逃出去，從高樓跳下反而容易致死，這時候應該躲到 浴室把全身噴濕，用濕毛巾把門縫堵好，然後身體蹲低讓鼻子盡量靠近排水孔的新鮮空 氣，耐心等待消防隊員前來救援，消防隊員逐房搜索時都會先搜索浴室，獲救的機率很高。
Monday, April 12, 2010
Do pass this on to your list of people especially women who drive.
If you get RM10.00 in your car door handle, use tissue paper or cloth to remove it without opening it and if possible bag it. Drive away immediately.
Don't check the note until you are in the company of your friends or relatives. The note could either contain powdered drugs to knock you out or make you wonder if some guilty motorist compensating you for a knock or scratch on your car, while you are still wondering, the robber(s) will attack you as you check the car.
This had happened in Johor.
Thursday, April 08, 2010
Tuesday, April 06, 2010
Tuesday, March 30, 2010
Head down to nearest post office today, register for voter, know your right!
Vote for your choice, decide the fate of our country!
If you at KL or nearby, do drop by, these people really working hard for this campaign, support them!
Wednesday, March 24, 2010
之後，就在昨天，我收到這封 e-mail ，它讓我整個人都寒起來了。
但是如果我幾個星期前沒有收到一封詐騙的警告信 '要不要聞聞這香水？' ， 我真的很有可能去試用 。
我向前制止了一位正走向他們的女士，指出他們的位置，告訴她 有關我收到一封 email 的事。
若是有人在商場或停車場接近妳 , 推銷較便宜的香水要妳聞的話 。
'! 這不是香水！那是乙醚！ ' 當你聞到它，你就會昏倒。!
! 如果不是這封信，我很可能會去聞那' 香水 '。
就如上述 email 所說的，' 讓所有人知道此事 ' 。
整个交谈的过程非常的愉快，过后 对方给我他太太她的名卡 ，而我太太则给了对方电
Thursday, March 11, 2010
Read the pdf below:
If you can't be total vegetarian, try to reduce the dairy and meat consumption.
Thursday, March 04, 2010
Wednesday, March 03, 2010
– Joe Robinson, a business coach and trainer, is the author of “Work to Live” and the audio CD “The Email Overload Survival Kit”. This article originally appeared on Entrepreneur.com –
The research is overwhelming. Constant e-mail interruptions make you less productive, less creative and – if you’re e-mailing when you’re doing something else – just plain dumb.
Within the heart of your company, saboteurs lurk. Disguised as instruments of productivity, they are subverting your staff’s most precious resource: attention. Incessant e-mail alerts, instant messages, buzzing BlackBerrys and cell phones are decimating workplace concentration. The average information worker – basically anyone at a desk – loses 2.1 hours of productivity every day to interruptions and distractions, according to Basex, an IT research and consulting firm.
That time is money. Computer chip giant Intel, for one, has estimated that e-mail overload can cost large companies as much as $1 billion a year in lost employee productivity. The intrusions are constant: each day a typical office employee checks e-mail 50 times and uses instant messaging 77 times, according to RescueTime, a firm that develops time-management software. Such interruptions don’t just sidetrack workers from their jobs, they also undermine their attention spans, increase stress and annoyance and decrease job satisfaction and creativity.
The interruption epidemic is reaching a crisis point at some companies and shows no sign of slowing. E-mail volume is growing at a rate of 66 percent a year, according to the E-Policy Institute. More people are texting. More are using Facebook or Twitter for work.
“It’s worse than it’s ever been,” says Michelle Rupp, owner of NRG Seattle, an insurance brokerage with a staff of 12 who feel pounded by the avalanche of messaging. “It’s so hard to stay focused. Everything bings and bongs and tweets at you, and you don’t think.”
Yes, it is possible to blunt the interruption assault. But business leaders must go on the offensive in a realm most are oblivious to: interruption management.
The Myth of Multitasking
Human brains come equipped with two kinds of attention: involuntary and voluntary. Involuntary attention, designed to be on the watch for threats to survival, is triggered by outside stimuli–what grabs you. It’s automatically rattled by the workday cacophony of rings, pings and buzzes that are turning jobs into an electronic game of Whac-a-Mole. Voluntary attention is the ability to concentrate on a chosen task.
As workers’ attention spans are whipsawed by interruptions, something insidious happens in the brain: Interruptions erode an area called effortful control and with it the ability to regulate attention. In other words, the more you check your messages, the more you feel the need to check them–an urge familiar to BlackBerry or iPhone users.
“Technology is an addiction,” says Gayle Porter, a professor of management at Rutgers University who has studied e-compulsion. “If someone can’t turn their BlackBerry off, there’s a problem.”
The cult of multitasking would have us believe that compulsive message-checking is the behavior of an always-on, hyper-productive worker. But it’s not. It’s the sign of a distracted employee who misguidedly believes he can do multiple tasks at one time. Science disagrees. People may be able to chew gum and walk at the same time, but they can’t do two or more thinking tasks simultaneously.
Say a salesman is trying to read a new e-mail while on the phone with a client. Those are both language tasks that have to go through the same cognitive channel. Trying to do both forces his brain to switch back and forth between tasks, which results in a “switching cost,” forcing him to slow down. Researchers at the University of Michigan found that productivity dropped as much as 40 percent when subjects tried to do two or more things at once. The switching exacts other costs too – mistakes and burnout. One of the study’s authors, David Meyer, asserts bluntly that quality work and multitasking are incompatible.
Brian Bailey and Joseph Konstan of the University of Minnesota discovered that sleeve-tugging peripheral tasks triggered twice the number of errors and jacked up levels of annoyance to anywhere between 31 percent and 106 percent. Their interrupted test workers also took 3 percent to 27 percent more time to complete the reading, counting or math problems. In fact, the harder the interrupted task, the harder it was to get back on track. (A Microsoft study suggests it takes a worker 15 minutes to refocus after an interruption.)
The damaging effects spread well beyond the office cubicle. Kate LeVan, a communications consultant in Evanston, Ill., coaches executives whose brains are so scrambled by electronic interruptions that they stumble during key face-to-face interactions: board meetings, investor pitches, sales presentations. “They can’t have an extended conversation for more than a few minutes,” LeVan says. “That’s the impact of having all this data going back and forth. They have problems in conversation because they can’t focus.”
Here’s how the brain behaves when your attention slips away from a task: The hippocampus, which manages demanding cognitive tasks and creates long-term memories, kicks the job down to the striatum, which handles rote tasks. So the gum-chewing part of the brain is now replying to the boss’s e-mail. This is why you wind up addressing e-mails to people who weren’t supposed to get them. Or sending messages rife with typos.
The striatum is the brain’s autopilot. And no part of your business should be allowed to run on autopilot.
Paying Attention to Paying Attention
In her 2009 book Rapt, Winifred Gallagher argues that humans are the sum of what they pay attention to: What we focus on determines our experience, knowledge, amusement, fulfillment. Yet instead of cultivating this resource, she says, we’re squandering it on “whatever captures our awareness.” To truly learn something, and remember it, you have to pay full attention.
E-interruptions are making it so hard to do that that Google, Microsoft, IBM and Intel are members of the Information Overload Research Group, formed in 2008 to collaborate on research, develop best practices and host forums to share new approaches. It’s self-preservation as much as anything; computer engineers were among the first to show symptoms of e-interruption exposure.
Ten years ago, Harvard Business School’s Leslie Perlow famously chronicled the interruption of a high-tech software company. Its engineers were interrupted so often they had to work nights and weekends. After studying the workplace for nine months, the source of the dysfunction became clear: No one could get anything done because of the bombardment of messages. Perlow came up with an intervention: Quiet Time. For four hours in the morning, the 17 engineers worked alone. All messaging and phone contact was banned. In the afternoon, communication could resume. Given time to concentrate, the engineers got a project for a color printer completed without the graveyard shift.
Intel is using Quiet Time at two of its sites. Other companies, including U.S. Cellular and Deloitte & Touche, have mandated less e-mail use, encouraged more face-to-face contact and experimented with programs such as “no e-mail Friday.” The results often are surprising: employees build rapport with colleagues–and they save time. Co-workers can settle something in a two-minute phone conversation that might have required three e-mails per person. Each change reverberates throughout a company, especially since–as a University of California, Irvine, study found – 44 percent of interruptions an employee experiences are from within the company.
Nearly everyone needs such boundaries to get anything done in this 24/7 work world. Count Chad Willardson among the converted. He’s a senior financial advisor at Merrill Lynch Private Wealth Management Group and operates a financial services practice with a partner for Merrill in Riverside, Calif. He used to check for new messages every five minutes, a potential 96 interruptions during an eight-hour day.
“The more I checked e-mail,” he says, “the more anxious I would feel over every request and question.” Now he checks e-mail manually, and only four times a day at prescribed hours – the schedule that Oklahoma State University researchers describe as optimum. He says he gets a lot more done, is more in control of his calendar and feels much less stressed.
In fact, stress-management seminars often reveal executives driven to wits’ end by their own inboxes. During one session at the aerospace company Lockheed Martin, many managers vented this frustration–until one raised his hand. “It’s not a problem for me,” he said. “I’ve gotten my e-mail checking down to twice a day.”
He explained that his staff knew he preferred to communicate by phone and they don’t send him e-mail unless it’s important that the information be in writing. And because he checked e-mail only twice daily, they had been weaned from the idea that they’d get an instant reply.
Chances are this wasn’t just good for the manager, but for all his employees, too. By modeling interruption-management, he was likely reducing the volume of interruptions throughout his division. Everyone understood that he viewed excessive messages as a drain on his performance – and by extension, theirs.
One thing was clear that day at Lockheed: When the manager volunteered his solution, it was as if he’d levitated. Other managers looked stunned. And envious.
#1 » 40% of Chinese small businesses either went bust or almost went bust during crisis
A report mentioned that just after 9 months China claimed its small business sector was surviving the global recession, new figures surprisingly shown that about a whopping 40% of them either failed or close to failing between Nov 2008 and Mar 2009. This is indeed a big headache to the Chinese government who was considering withdrawing the huge stimulus packages late 2010.
While the Chinese Academy of Social Sciences reported 20% of small businesses had crashed and another 20 per cent went "to the brink of bankruptcy" during the climax of the global financial crisis, Chen Naixiang (economist and director of the academy’s research center) also reported that most of the 20% businesses on the brink of failure have been revivied thanks largely to the recovering economy.
#2 » Buy Chinese stocks if you wish to finance Chinese government
China has three main stock exchanges – Shanghai Stock Exchange, Shenzhen Stock Exchange and of course Hong Kong Stock Exchange. Of course unlike Hong Kong Stock Exchange, Shanghai Stock Exchange is still tighly controlled by the Chinese government. The Shanghai and Shenzhen Stock Exchanges have over 1,500 listed companies with combined total market capitalization of US$ 2,658.2 billion (2008) rivaling Hong Kong Stock Exchange (US$ 2,121.8 billion) as Asia’s second largest stock market behind the Tokyo Stock Exchange (US$ 3,925.6 billion).
However eight of the ten top largest stocks are state-controlled companies:
- PetroChina (RMB 3,656.20 billion)
- Industrial and Commercial Bank of China (RMB 1,417.93 billion)
- Sinopec (RMB 961.42 billion)
- Bank of China (RMB 894.42 billion)
- China Shenhua Energy Company (RMB 824.22 billion)
- China Life (RMB 667.39 billion)
- China Merchants Bank (RMB 352.74 billion)
- Ping An Insurance (RMB 272.53 billion)
- Bank of Communications (RMB 269.41 billion)
- China Pacific Insurance (RMB 256.64 billion)
Deutsche Bank’s Chief Economist for Greater China, Jun Ma, told an investment conference in Hong Kong that China's growth will be underpinned by a rapid expansion in emerging market economies, which will account for about 70% of global GDP growth in the coming decade. China will "massively invest" in these emerging economies using its nearly $2 trillion in foreign exchange reserves, extend its leverage by extending loans to the International Monetary Fund and allow the yuan to appreciate in preparation for the currency's potential reserve status.
Jun Ma further added that by early 2020, China’S nominal GDP growth could surpass that of the United States within ten years, a period which will likely be accompanied by a gradual appreciation of the yuan. Ma also expect a final GDP recovery (quarter on quarter basis) to start by middle of 2010 (hopefully this fella is correct).
#4 » By 2025, China will have 10 New York-sized cities
According to a research done by McKinsey Global Institute (MGI) in “Preparing for China’s Urban Billion, China is projected to have a staggering 40 billion square meters of floor space by the year 2025. In another words China will be constructing 20,000 to 50,000 new skyscrapers of which each will be more than 30 floors. This is equivalent to a mind-boggling 10 (ten) New York Cities.
Also by 2025, up to 170 cities in China could meet planning criteria for mass-transit systems – more than twice the current number in Europe. Additionally, China will have up to 5 billion square meters of road and up to 28,000 kilometers of metro rail. China will also need to construct between 700 and 900 Gigawatts of new coal-fired power between 2005 and 2025.
#5 » By 2030, China’s cities will add 350 million people, more than the entire U.S. population
From the same research done by McKinsey Global Institute (MGI), it was projected that China’s urban population will expand from 572 million in 2005 to 926 million in 2025 – an increase of 350 million Chinese city dwellers which is larger than today’s United States entire population. By 2030, China’s urban population will reach 1 billion people.
Urban investment thus will reach over 24 trillion renminbi by 2025 or 93% of total Chinese fixed investment compared with about 79% in 2007. The urban consumption share of GDP will rise from 25% (or 3.9 trillion renminbi) in 2005 to 33% (or 32.7 trillion renminbi) by 2025. The township of Huaxi in the Yangtze River Delta is a great example of how the Chinese government embraced capitalism to lift 300 million people out of poverty during the last 3 decades.
From a farm community with bamboo huts and ox carts in the 1970s, Huaxi is now an industrial and commercial powerhouse with many live in mansions and most have a car with per-capita income of 80,000 yuan (US$ 11,700) making Huaxi the China’s richest village.
#6 » China has cash to buy 20% of S&P500
United States is still worry about China’s military strength. Of course there’s no way China will reveal her real (military) statistic since it’s so fun watching U.S. sending its intelligence gathering information. Can you still remember the detention of 24 U.S. crews after the collision of U.S. EP-3E Aries II spy plane with Chinese fighter jet over the South China Sea back in 2001? United States demanded the return of its spy plane but China said it would only do so after completing its own inspection and collection of evidence. China was having fun stripping the spy plane naked for whatever military technologies or knowhow that China could use.
But the strength of China may lies on its economy after all. Instead of engaging in wars, China may just start buying countries with its huge crates of cash. China’s central bank recorded foreign exchange reserves of US$2.399 trillion as of end 2009 (23% jump compared to 2008) and this was achieved during global crisis, mind you. With this type of money China can buy almost 20% of S&P500, if the Chinese government goes crazy.
Original post: http://stocktube.blogspot.com/2010/03/6-mind-boggling-info-about-china-that.html