Saturday, February 28, 2009
Cheaper air tickets but pay per use toilets
Friday, February 27, 2009
Toll hike deferred till end of the year
On Thursday. Mohd Zin announced that road users would have to pay a higher toll when using the North-South Expressway (PLUS), the Sprint/Kerinchi/Damansara Link highways, Ampang-Kuala Lumpur Expressway (AKLEH), Sungai Besi Highway and the New Pantai Expressway (NPE).
Source: The Star
Related Stories:
- Toll hike on hold indefinitely (The Star)
- DAP lauds move to put off toll hikes (NST)
- Renegotiate highway contracts, govt urged (NST)
Thursday, February 26, 2009
Wednesday, February 25, 2009
Toll Increase......What The &@#%!
However, the new toll rates have not been decided yet but not beyond end of this week.
I think this will definitely burden the average employees who have to ply these routes to and back from work. I think the timing is real bad. Transport vechiles which use these road will also be not spared and as usual the increase will be passed on to consumers in terms of higher price of goods
Read more from the link below
Source: The Star
Time to Prepare for Your 2008 tax returns
Fish price likely to be increased
The insulated container also ensures that the freshness and quality of the fish are not compromised. The container also had its own anti-bacterial cassette and radio frequency identification device to trace the vessel which transported the fish.The old plastic box did not come with its own lid which required importers to buy wooden boards and might cause food contamination if the wood rots and comes into contact with the fish. The new ruling will take effect from this Sunday
Fisheries Development Authority of Malaysia (LKIM) development department deputy director-general Mohad Khazin Hamzah urges fish importers not to increase fish prices
To read more, click on the link
Source: The Star
Banks to auto reduce monthly loan repayment amounts
As such it will bring about the reduction of the base lending rates and banks will automatically reduce the loan repayment amounts of their customers and this will be completed by the first quarter of this year.
However, borrowers also had the option of maintaining their monthly installment amounts and have a shorter loan repayment period. (this is a good thing!!!. Otherwise you only continue stretching the loan repayment period which is bad for you). Therefore, it is very important to note that borrowers who wish to maintain their current loan repayment amounts need to get in touch with their banks IMMEDIATELY.
The move by all commercial banks to cut instalment amounts follows the request by the Government to help borrowers facing difficult economic times. “Lower monthly loan repayment instalments will allow for more disposable income to be in the hands of the public" says ABM (Association of Banks in Malaysia)
Read more by clicking the link below.
Source: The Star
Tuesday, February 24, 2009
Lower Petrol Price of RM1.70 per litre by June vs current RM1.80?
“So you get better quality petrol at the same price as RON 92. RON 97 will still be there too, but we haven’t decided on the pricing,” said Domestic Trade and Consumer Affairs Minister Datuk Shahrir Samad
Source: The Star
Get your cash rebates by March 31!
He said this was because the cash rebate system had completed its one-year cycle, which was the initial plan. “March 31 is the last date. We will end it in March,” he told reporters
The campaign will last until March 1. “Whoever has yet to collect their cash rebates, please do so,” he added.
On the Government’s plans for future subsidies, and if the cash rebate system would be implemented again, Shahrir replied: “I don’t think we’ll be using this method of subsidising again, because I see that Malaysians prefer subsidised pump prices.“They seem to prefer lower pump prices rather than having money given out to them,” he said, adding that about RM5bil would have been disbursed by March.
source: The Star
Bank Negara further cuts OPR by half percentage point
Can You Believe It? Hotel rooms for only USD1.5 cents
Worth checking it out. These are new hotels (Penang, KLIA-LCCT and Kuching). The downtown KL hotel and in KK is among the first for Tune Hotels. Looking at the photos, the rooms are pretty good. comfy, clean and kinda luxurious. I managed to find available rooms for USD5 per night (inclusive tax) for a double room (room with a queen size bedding) in Penang. Add another USD1.50 for towels and ammenities and add USD7.50 for air-conditioning (24hrs) credits
I like it coz I am getting more for my money
Check out the Tune Hotel website! http://tunehotels.com/
Monday, February 23, 2009
Nestle lower prices for Milo while other Nestle products have their weights increased
Domestic Trade and Consumer Affairs Minister Datuk Shahrir Abdul Samad urges restaurants to lower price of Milo
Nestle had reduced the prices of Milo and Milo UHT promotion packs by between 6.4% and 8.6% from Feb 16. Earlier, Nestle (Malaysia) managing director Sullivan O’Carroll said the new pricing was part of the company’s efforts to reward loyal consumers. Malaysians were the world’s largest consumers of Milo
Other Nestle products like Everyday, Nespray, Nesvita and Maggi will have their weights increased by eight to 12% from March to July this year, in lieu of a price reduction. Maggi products will come with additional packets as well as free Milo UHT drink packets
Read more at http://www.thestar.com.my/news/story.asp?file=/2009/2/24/nation/3333128&sec=nation
RON97 petrol to cost more in July
http://thestar.com.my/news/story.asp?file=/2009/2/20/nation/20090220193422&sec=nation
PUTRAJAYA: The price of RON97 petrol will be increased, when the Government introduces RON95 to replace RON92 in July, said Domestic Trade and Consumer Affairs Minister Datuk Shahrir Samad. He said this was to encourage consumers to use RON95, which was cheaper compared to RON97.
“The Government intends to subsidise more on RON95, when it is introduced in July to make it the same price as RON92,” he told a press conference here on Friday. He said the price of both RON95 and RON97 petrol would be announced in July. Currently, he said, 80% of petrol users were using RON97. “In fact, RON92 is suitable for most of the vehicles in our country but it is not as popular as RON97. “Our way is to subsidise more for RON95 and reduce the subsidy for RON97 so that more consumers will opt for the former,” he said.
However, he said, the Government had no plan to float the price of RON97 in July. “We will increase the price of RON97 reasonably, when RON95 is introduced but if we use the floating system for RON97, its price will immediately increase by 50 sen,” he said. He said countries like Taiwan, Indonesia and Singapore have been using RON95 without any problems.
Wait! Don't scrap that ole car yet. It's worth RM5,000
I question the effectiveness of the program. Come to think about it.....the majority Rakyat who are currently driving the sub RM5K car are the ones that are slightly above the poverty line and here is a program that is offering RM5K for that car and immediately that Rakyat owes the bank RM20K - RM25K coz the cheapest Proton Saga is approx. RM30k. Doesn;t make sense to me.
The benefit will most probably end as an incentive for the ones that are rich enough to upgrade to a new care.
Read more about the news here
http://www.thestar.com.my/news/story.asp?file=/2009/2/23/nation/3326225&sec=nation
Thursday, February 19, 2009
Are You Saving Enough?
by Hemananthani Sivanandam, The Sun
KUALA LUMPUR: Only two in five Malaysians actually save, fewer than one in three plan and stick to a monthly budget, and 12% do not save anything in an average month.
These were some of the findings in Citi’s Financial Quotient (Fin-Q) 2008 survey, conducted from Oct 15 to 30 and involving 500 online interviews. Each of the respondents was asked 40 questions to determine the level of understanding among Malaysians about their personal finance and financial practices.
“We believe a lot more needs to be done to ensure Malaysians are truly fi nancially savvy as the detailed survey results revealed there is room for improvement. There needs to be more discipline and prioritisation,” Timothy Johnson, Citibank Berhad’s head of segment and marketing, retail bank, told a media briefing yesterday.
The survey also found thathe majority of the respondents (62%) reported that they save up to 20% of their monthly income (not including the 11% contribution to the EPF). Asked where their monthly income went, 38% reported that less than 10% of their monthly income was spent
on non-essentials.
In terms of investing habits, about 90% of the respondents indicated they “know exactly” or “had a good idea” of what they would do if given six months salary to invest. However, only 28% reported they had a formal retirement plan developed in consultation with a financial professional. A startling 72% did not have a formal plan.
“Malaysians need to practise what their mind is telling them. They need to realise the need to start saving for their retirement regardless of their age,” said Johnson.
The survey showed that those aged 18 to 29 were the majority who paid off their full outstanding credit card balance on a monthly basis. “It’s a myth that the younger generation are spendthrift. Financial literacy among the younger generation is more apparent these days,” he said.
Johnson said financial literacy was a lifelong process. He believed Malaysians should talk to financial planners to help them become financially savvy. “The perception that financial planners are only for the rich is wrong. They are accessible to everyone,” he said.
Four “personalities” were revealed in the survey – the 30-something strugglers; the single and secure; the settled and successful; and the “blur budgeter”.
Among the 30-something strugglers (aged 30-39), 62% were not satisfied with their current quality of life. The single and secure group showed that 77% were satisfied with their quality of life. The settled and successful showed that about 80% were satisfied with their quality of life. And the “blur budgeter” group revealed that 49% were not satisfied with their quality of life.
Interestingly, the respondents for the second and third group had a higher percentage of females compared to males, while the fourth had the highest percentage of self-employed respondents (24%).
War of the Pizza Giants
check out
http://dominos.com.my/
http://www.pizzahut.com.my/
Metrojaya Mega Sales
MATTA Fair is Coming to Town (Penang)
Dates: 27 February - 10 March 2009
Time: 10:00am - 10:00pm
Venue: Queensbay Mall, Penang
See you there soon!
Tuesday, February 17, 2009
48 hours Sale - 20% off to all Air Asia destination
http://www.airasia.com/site/my/en/promotion.jsp?reference=482009
Credit card rates can be lower
http://thestar.com.my/news/story.asp?file=/2009/2/17/nation/3283411&sec=nation
Hurry! 19 February - Last Day of Malaysia Airlines Travel Fair
More on website! Check it out!
http://www.malaysiaairlines.com/my/en/home.aspx
Proton MPV Exora launching this Saturday - 21 February
Read more about the Proton Exora launching
http://paultan.org/archives/2009/02/17/proton-exora-the-mpv-proton-will-launch-in/
Related stories:
- Warm response to Exora (The Star)
Monday, February 16, 2009
How Fuel Prices Are Calculated in Malaysia
Well, Paul Tan has a article which tells you all you want to know about fuel pricing. Read it more at
http://paultan.org/archives/2009/02/15/how-fuel-prices-are-calculated-in-malaysia/
Cheap & Tasty Malay Food
Read more here
http://thestar.com.my/metro/story.asp?file=/2009/2/15/sundaymetro/3235798&sec=SundayMetro
What a bummer! G won't cut fuel prices for now
Monday February 16, 2009
Government won’t cut fuel prices for now
"There will be no further cut in fuel prices for now".
Domestic Trade and Consumer Affairs Ministry secretary-general Datuk Mohd Zain Mohd Dom said the ministry would only consider lowering the price if world prices drops to below US$40 (RM144) per barrel.
Mohd Zain said fuel was currently priced between US$43 and US$44 (RM155 and RM158) per barrel.
“We are monitoring the situation but, so far, I can say there will be no reduction in petrol prices,” he said.
Read more....
http://www.thestar.com.my/news/story.asp?file=/2009/2/16/nation/3276361&sec=nation
Sunday, February 15, 2009
Time to Make Full Use of Your 2009 Tax Relief on Books
So what are you waiting for? MPH books are organizing a "JIMAT Book Sale" offering up to 50% discounts on books......what a great way to sharpen your skills while getting some savings off the normal retail price. Sale period is from 18 - 22 February 2009
Click here for more information
http://www.mph.com.my/promotions/mphsale.cfm
MPH Malaysia website
http://www.mph.com.my/welcome/welcome.cfm
Further Interest Rate Cut May Be Possible!
Ministry feels interest rate reduction not good enough
Ministry secretary-general Datuk Mohd Zain Mohd Dom said he would meet with Bank Negara and financial institutions, possibly this week, to seek a further reduction in credit card interest rates. It was the ministry’s view that the interest rate reduction announced by the Association of Banks on Thursday “was not good enough”. Consumer groups said the reductions were too low, adding that the Tier III reduction of 0.5% was insignificant.
“The total credit card debt is RM23bil, and most of those affected are in Tier III. This is the group which needs help,” said a consumer official
Read more in details below
http://thestar.com.my/news/story.asp?file=/2009/2/16/nation/3276010&sec=nation
Thursday, February 12, 2009
Pay Up to 37% Less for McD Meals
McD is offering big savings on breakfast, lunch and dinner meals.
Check out more details on McD meals promotion using the link below
http://www.mcdonalds.com.my/
Saving coupons is available at the outlet's counter or downloaded from its webiste
Banks lower interest rates and penalty for late payment
Read more about it. Click the link below
http://www.thestar.com.my/news/story.asp?file=/2009/2/13/nation/3261887&sec=nation
Wednesday, February 11, 2009
How Would You Like To Win USD2500 worth of Apple & Sony Products?
Click below link for details
http://paultan.org/archives/2009/02/10/castrol-edge-sport-speed-challenge-contest/#more-11848
Hybrid Cars Now Affordable
This is great news and in the right direction if we are serious about reducing global warming and at the same time save on spending petrol comsumption........and some 50% fuel savings....not bad. Now I am getting more bang for my buck.
The Hybrid model comes in two colors. Read more about it here
http://paultan.org/archives/2009/02/10/honda-civic-hybrid-gets-new-price-rm-129980/#more-11859
Monday, February 9, 2009
Lower Petrol Price? Can This Be True?
Tuesday February 10, 2009
Cut fuel prices further, says MCA
http://www.thestar.com.my/news/story.asp?file=/2009/2/10/nation/3232345&sec=nation
PETALING JAYA: The Malaysian government should further reduce the price of natural gas, electricity and petrol to ease the people’s burden, said MCA information and communication bureau chief Lee Wei Kiat.
In welcoming the recent announcement to reduce electricity tariffs for households and industries by up to 10% next month, Lee said: “We would like to urge the Government to consider further reducing these sources of fuel to further reduce the burden of the middle and lower income groups.”
In a statement. he said MCA would continue to look after the people’s welfare.
“With the effort of MCA Ministers,, the Government has made a good decision which shows that they understand the current hardship faced by the people,” Lee said.
He said the reduction would cut operational costs of industries. Thus, the prices of goods could be reduced to lighten the burden of consumers.
YES! Some things are still FREE
AirAsia’s FREE SEAT is back again! With 500,000 seats up for grabs, fly to Bangkok, Jakarta, Kota Kinabalu, Hong Kong, Macau, Shenzhen, Perth, Melbourne, Hanoi & so much more with absolutely NO Fuel Surcharge!
Check out Air Asia's website.....
http://www.airasia.com/site/my/en/page.jsp?reference=1mfs
Sunday, February 8, 2009
Malaysia to lower electricity cost by 7 to 10 percent
http://www.chinapost.com.tw/business/asia/malaysia/2009/02/09/195309/Malaysia%2Dto.htm
KUALA LUMPUR -- Malaysia will lower electricity tariffs for households and industry by 7-10 percent by the end of the month, said Energy Minister Shaziman Abu Mansor, according to reports Sunday.
Shaziman said his ministry had been in talks with state energy giant Petronas over a reduction, which due to falling oil prices will be implemented earlier than the original plan of mid-2009.
“We are pushing for an early review of the price of gas that Petronas sells to the power sector, in view of the declining prices of crude oil,” he said, according to the New Straits Times.
Electricity tariffs were hiked 24 percent last July due to the higher cost of gas and coal. Rising petrol prices also triggered widespread anger and public demonstrations last year. Shaziman said that some energy-hungry industries such as steel and semi-conductor manufacturing would also be eligible for rebates, and the ministry was studying which sectors would benefit.
“The incentive for electricity should ideally benefit value-added industries, for example business sectors that contribute to the country's economic growth,” he said.
The cabinet will discuss the power price reductions Wednesday, Shaziman said, according to the official news agency Bernama.
Saturday, February 7, 2009
Save That Petrol
Tip 1: Car pool, that's the best way!
You can never go wrong when you can pool. Your travel expenses is reduce by 50% if you only find another person or even your partner to car pool instead of having to drive 2 cars. Of course, some sacrifices need to be taken into considerations like timing of departure and back. But if you can do it, not only you save money but if your partner is also a driver then you can drive to work on alternate days. That way you even get to relax en route. Imagine the savings. If you spend 400 dollars a month on petrol for two cars, you can immediately cut down the fuel expenses by half if both you and your partner car pooled. Thats a savings of 200 dollars a month on fuel only and not counting the saving on maintenance of the other car because you are only driving one cars instead of two
Tip 2: Plan your trip.
- Avoid the rush hour. Even if it means getting up a little bit earlier. Leave the house just before everyone else starts their journey to avoid the rush hour. Sitting in traffic is just a waste of fuel and your time. And when you are crawling, you are just gonna hit the brakes more and that's another petrol waster
- Plan your route. Take to shortest route possible or the route with the least traffic but most important, make sure it is the safest route
Tip 3: Downsize.
I used to drive a 1600 litre engine car but now I am driving a 1300 litre car. That's 300 litre less petrol in however you want to measure it and I still get to where I want to go in the same time. 1300 litres is all I need to zip around town and I am saving the environment by using less petrol resources and emitting less by products like carbon monoxide
Tip 4: Slow Down, man!
It is simple physics! The faster you go, the more drag your car will encounter. Try running in water versus walking. Got it? Furthermore, speeding and coming to a sreetching halt will only waste petrol. Rather, come to a slow halt at the traffic lights or toll booths. Studies shows that driving 50kmph on ordinary roads and 80kmph on highways is the best speed for fuel economy. Fuel efficiency improves by 10-30% if you drive 80kmph instead of 100kmph. That's about 30 dollar for every 1000km travelled
Tip 5: Keep it well oiled!
A poorly maintained vehicle consumes more petrol that a properly maintained car. Here are a few aspects of proper car maintainence:-
- Keep your tyre correctly inflated. Over or under inflated tyres comsumes 3.3% more petrol
- Engines needs to be well lubricated. Less fiction in the piston is better. So ensure you change the engine oil regularly because an oil's lubricating properties dimishes as it is used over time
- Keep the filters clean. Keep the air, petrol and oil filter clean and replace as necessary. Engine needs air and petrol to combust. A clean misture will give better combustion. An clean oil filter will remove the dirt in the engine chambers better so that the engine can operate in an ideal situation (minimal friction)
- Keep your car's moving parts lubricated by regular services and following strictly the serviceing schedule
- Once a while, give your car a polish. It cuts down drag. Believe me, it works! Having said that, if your car has a roof rack, remove it if you do not use it because it only good for creating wind resistances and reduces the aerodynamicity of your car
Tip 6: Keep it light!
Imagine you a cyclist. You use less energy if you bike is made out of the lightest material like alluminium or carbon fibre compared to a bike that is made from steel. Since we are not driving a F1 car, but the priciple of keeping your car's load light is still valid. So remove the clutter in your car boot. Then try not to fill your petrol tank to the max because your car is only gonna carry the load of petrol unnecessary. Think of your car like a rocket ship. All the weight the rocket carries is in the fuel. Balance between convenience of filling up your car with petrol and the unnecessary fuel weight it carries after you fill up
Tip 7: Keep it cool not cold!
Do not abuse the air conditioning . Keep the setting just cool enough for you to drive comfortably. The difference between setting the dial to max or on auto temperature sensing increases fule comsumption by 14%. Roll your window down and turn off the air-condition on cold morning or cool nights will save more petrol if your driving moderately. But if you are travelling on highways, i think it is better to keep the side windows rolled up and let the air ventilation vent open to let outside air to flow in
Tip 8: Don't let your engine idle
Of course, you can't help it if you are stuck at a traffic jam but it your are letting your engine idle while waiting for someone to finish doing the errant is a sure way to burn you money away. It is better to switch the engine off and restarting it later if you are going to wait for a long time. If you stop just idling for 5 minutes a day, you will save 5 dollars a month on petrol
Friday, February 6, 2009
Keep Em Rotated, Balanced and Aligned!
Then I read the car owners manual and it recommended that the car tyres need to be rotated and serviced every 6K - 8K travelled. So I started to do regular mainatainence on the car tyres. What I experienced was that the tyre lasted about 2x longer. Meaning that I only had to change all the tyres about 70K instead of 40K mileage (in KMs). What happens is that when the tyres get regularly rotated, it wears out more evenly. When I did not rotate nor do the regular maintainence like wheel balancing and alignment, I found that the tyre would wear out more on one side than the other. And when I only replace one of the affected tyre, then the handling feels funky. So you see, it is a vicous cyckle if you do not rotate your tyres
Of course, I drove more sensibly like I do not speed and take a corner that it throwing the car off its center of gravity. Course if you do that, then it will wear out the tyres more along with the bearing and lubrcation. Furthermore, I will ensure enough air pressure in the tyre on my every alternate visit to the petrol station.
So if you can extend the tyre life by 2x then you are saving about 600 dollars every two years or so. The money you saved can be spent on replacing the battery which has about a 2 years life. Replacing the battery every 2 years or less is paramount to avoid your car to be unable to start and leaves you stranded and required you to call the mechanic to the site which will cost you more money
One important thing to note. never compromise safety by buying re-threads although the cost cheaper
Switch off those mains
I found out this fact while watching National Geographic on global warming. Studies have shown that consumers are paying hundreds of dollars a year for these "vampire loads" which still uses electricity although the appliance is on stand by like TV, Hi-fi, DVD players and satelite reciever sets (or any appliances that can be put on stand-by).
Did you realise that some of these appliances still generates heat while on stand-by? Imagine the amount of electric power it still draws to generate such heat. Next time, feel around the household appliances like the indoor statelite receiver/converter console unit and see if they feel warm. If the do, I bet they are using electrical power unnecessarily and lots of it too to be able to generate that kind of heat.
So, since I saw that program, I switched off the appliances at the mains to avoid the "vampire loads" and I have noticed a reduction in the amount (charges) of my monthly electric bill. I used to pay about 30 something dollars a month. Now I am paying less than 30 dollars. Yeah, I know my electric bill is not much but hey I still manage to save. I will share in my future blogs about my energy saving practices so that you too can have an electric bill as low as mine