Sunday, August 31, 2008

Budget 2009 Didn't Benefit At All

When I saw this benefits for employees, first thing that came to my mind, only 1 out of 100 Malaysian employees will get such benefits. So, the effect of this tax exemptions would only benefit less than 1% of the working folks.

The people who would get such benefits would be assistant managers upwards.

In order for the company to fork out such benefits, the company has to be doing well during this time of economy.

Certain tax exemptions would benefit certain employees but generally those whose works are mainly in the office would definitely not be able to enjoy any of this benefits at all.

A company's Human Resource Department, may in future, provides the said allowances in place of salary increment in which you will lose out in Employees Provident Fund contribution.

Reading: Higher rebate leads to tax-free income for 100,000 - Star

After reading the article on Orang asli in Perak hope allocation will reach them - Star, I was not surprised with the statement by the Orang Asli (natives) -

However, they expressed doubts if the announced benefits would fully reach them. Yayasan Orang Asli Perak chairman Suki Mee said the Federal Government had announced many such allocations in the past. “But whether they actually reached their target group is another thing. From our experience, for every RM100 allocated, only RM10 reaches the orang asli,” he said yesterday.

This is again the Malaysia scenario. That's how bad the corruption and criminal breach of trust are. But again and again, the Malaysian government will not recognise the international Corruption Index which will put Malaysia at a deplorable ranking. This is also another show put up in the budget announcement since the foundation chairman has stated such.

Hmmmmm after highlighting this controversial issue, will Suki Mee retract what was said? Or will Suki Mee execute a Statutory Declaration and then disappear right after the declaration?

And for those people who were hoping for some big changes towards the LRT and Komuter services, you only need to wait till year 2011 and some lines up to year 2014. Only need to suffer another three more years wherelse the traffic in those proposed new LRT and Komuter lines will continue to be made worse as construction begins (wonder when will this start?). Who will benefit in the RM35 billion allocation?

Reading: LRT, Komuter lines to be extended and capacity increased - Star

Maybe the government agreed to extend the LRT and Komuter services right after the Prime Minister himself has suffered while riding together with the Malaysian public on one morning.

Related post - Lousy Public Transportation - PM
Tags: Malaysia Budget, Budget 2009, Tax Exemption, Orang Asli, Yayasan Orang Asli Perak, LRT, Komuter



Blogger Borneo Falcon said...

There is hardly anything for the income tax. Blast the Government! Looks like it is more favorable to the civil servant

31 August, 2008 15:11  
Blogger acura said...

They have been planning to built the extension for so long yet nothing have been done. I am equally skeptical this time. The PM should try take our bus service too.

31 August, 2008 15:52  
Blogger Sweet Jasmine said...

Nothing to shout about for this year budget. As can be expected for the strings of disappointmnet in our already bad times...

31 August, 2008 20:09  
Blogger Simon Ho said...

actually the new budget doesn't have anything good for the middle classed people as well. and i wonder how many people can maintain a RM20 and below electricity bill.

31 August, 2008 22:40  
Blogger foongpc said...

All I can say is it is a lousy budget, benefitting only a small group of people.

01 September, 2008 17:10  
Blogger Unknown said...

yeah by year, the budgeting getting worst from previous....what we can say?

02 September, 2008 13:48  
Blogger Johnny Ong said...

borneo - it's pleasing to certain grp of people only but malaysia as a whole didn't benefit

acura - it has been mentioned in many meetings or conferences about the extension but it's all gone with the wind, conveniently

jasmine - a budget that is not strong enough to pull the country thru?

simon - that electricity bill is good for those poor folks but that won't help the poor folks also. it's only part of a big problem

foong - i agree

nkw@i - nothing to say??? hehe

03 September, 2008 10:50  

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