Budget Overview 2011 ~ Green & Renewable Energy

Green Energy

- Exemption import duty for hybrid cars

I was expecting something in this Budget. Things like tax exemption for purchasing energy rating or green item products. The benefits are, while promoting green energy at the same time we will promote spending on efficient product. In a way it will help to reduce carbon footprint as well as increasing green rating in Malaysia. The government need to become leader of this. New Rules & regulation need to take place in order to promote awareness & green efficiency to the consumer (learn from Singapore & EU country). Anyway thank you for still giving tax exemption for hybrid car. Let us hope this will be the start for something even bigger in the future.

My advise :-

- create a new rule & regulation for building emphasising green efficiency
- give tax exemption for proven energy rating products (maybe next year budget)
- incentives for company doing green CSR (corporate social responsibility)

Enviromental Development.

- RM 1.9 bil for enviromental development

Kuala Lumpur have a very unique river system. The interconnection of river at Masjid Jamek are among the most spectacular sight in the city. However, the polluted water is a turn off to the tourist & photographer. DBKL need to bring out the true potential of this place and use this allocation to the fullest. DBKL should follow the footstep of Bandar Melaka which the used to be dirty river now become center of attraction to tourists.

My observation :-

-We'll see how this allocation will be used for the upcoming project. (reserve the comment later on)Renewable Energy ACT

- Feed tariff mechanism under the Renewable Energy Act to allow electricity generated by Individual & Independent Provider to be sold to electricity utility company.

Its good to have this act which encourage big companies using renewable energy. Solid waste or waste disposal can generate extra income from burning it. There are some company which used big boilers to dispose the solid waste or liquid waste which can generate some kilowatt of electricity. But currently all this are wasted due Utility company not willing to but the surplus electricity.

This act will eliminate the need to aggressively plan to create another power plant in our country. (save money & time)

My advise :-

- Extend the act by make it a compulsory for waste disposal to have a electricity generated system from burning of their waste. comments

Budget 2011 - PLUS, Women & Permata

PLUS Highway

- Khazanah Nasional & KWSP to take over PLUS

- 5 years guarantee of no toll hike.

What else can I say, other than it’s a relief. But it’ll all come with high price for GLC which need to complete the takeover the ownership of the company. But to think about it better the GLC takeover rather than MMC which been a while talks about taking over PLUS. If MMC take over PLUS there is no guarantee that no toll hike will took place.

In a way to think about it that’s why its possible to control the toll hike. Bravo!

My advise :

-Improve or have more R&R PLUS highway.

Women

- 90 days of maternity leave (paid ones)

This maybe a start for something big in the future. I do hope that the private sector should follow the government footstep on giving higher maternity leave. Unfortunately as a father of a born child I do hope that the government in the future takes the step of European country which gives a compulsory paternity leave.

Early days of child’s birth are very crucial. Not only to the mother but for the father. There’s lots of stuff need to be done. Things such as baby’s registration, settle the bills, buying stuff, unexpected thing etc2. At the moment only certain MNC (multinational company) having this leave.

My advice :

-Adopt Paternity leave for husbands.

Permata

- RM 111 million

At the moment I still try to find a light through this programme. I don’t see it’s beneficial as a whole to the people but only to certain quarters of children which have access to the programme. Until now the existence of the project is still synonym to the wife of Prime Minister Datin Rosmah. Even sometime I wonder where this programme falls into. Under which portfolio or Menteri ? Sometime I even think that Datin have a portfolio in like a menteri when addressing Permata event. A layman on the street even will relate Datin with Permata.

I even comment the programme under different post before. I always assume that only certain quarters of people benefited the programme. People who have access & upon others rural people will be left out. Anyhow, some people might think differently, please check & evaluate yourself. Here & here.. But since my last comment about Permata there's some improvement which i actually quite impressed.

I see the programme already started to reach out to people. Deep to rural areas. Which is a positive sign. Well. I'll reserved my thoughts & comment till sometime. As for Permata Pintar i can see there's quite transparent on statistic of student which attend the exams. That's for the statistic.

But Permata still need to show that the programme benefit all the people & if it can bring out a true potential of students from a very rural area then it will shed the light to a lot of people.

My advice :

- Permata programme shall be handover to relevant Kementerian ASAP to avoid misinterpritation of the community. The faster the better. (Penaung- Datin Rosmah)

- Extend the Permata Programme to benefit the rural one like PAPN. This one should be largely promoted not the Permata Seni etc2..

I will be closely monitor the activity done Publish Post by Permata..

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Budget 2011 Overview - Warisan Merdeka & Property

On Friday 15^th October 2010 our beloved prime minister addresses the Budget for Malaysia 2011. Overall expectation was quite high & the response was overwhelming. I will comment some point of the budget & hopefully the governments take note & reconsider certain aspect of the budget which needed improvement.

RM 5 Billion Warisan Merdeka Project.

- RM 5 billion project

- 100 storey building

- In the hearth of KL

What were they thinking. Have a feasibility studies or market study been done when proposing this project? Or its just merely a guts feeling or some recommendation by people who have interest on the project. If its just for pride & glory for another tallest building in the world forget about it. There is no point to undergo this project. Even at the moment the project to develop Kg Baru still not yet rationalise.

Government need to rethink about this project. RM 5 Billion is a lot of money. Better that money spend to take over abandon projects around the city rather than make another mega project which we do not know the whether it will be full or not.

My suggestion : -

- Rather than make it 100 storey building make it lower but fully artistic design based upon the country’s rich cultural diversity.

- Take over abandon projects around the city (using the surplus money on the 1st suggestion above)

Property aspect - Full Loan for 1^st time Buyers

- Full loan for income Less RM 3000 house value less than 220k

- 50% Stamp duty exemption for house not exceeding 350k

Reflecting to the current increase of house price or in my words as overpricing of the property market this is among the best announcement by the government. Government realizes the importance to help the new X Generation in having to own property rather than renting. The incentive includes full loan for 1^st Home Buyers for person earning less than RM 3000 per month.

Newly married couple should take this opportunity to purchase house separately rather than combine to get full benefit of the incentive. However, I do believe this announcement will make the property market more attractive to buyers (especially generation X) & may lead to higher prices offered.

My advise :

-Take the fullest loan at the fullest length years. Islamic banking if possible.

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