Wednesday, November 26, 2008
Success of Marriage
Editor: " Sir. It's amazingly unbelievable. How did you make this possible?"
Husband recalling his old honeymoon days said: "We had been to Shimla for honeymoon after marriage. Having selected the horse riding finally, we both started the ride on different horses. My horse was pretty okay but the horse on which my wife was riding seemed to be a crazy one.
On the way ahead, that horse jumped suddenly, making my wife topple over. Recovering her position from the ground, she patted the horse's back and said "This is your first time". She again climbed the horse and continued with the ride.
After a while, it happened again. This time she again kept calm and said "This is your second time" and continued. When the horse dropped her third time, she silently took out the revolver from the purse and shot the horse dead!
I shouted at my wife: "What did you do you psycho. You killed the poor animal. Are you crazy?".
She gave a silent look and said: "This is your first time!!!".
Husband:"That's it. We are happy ever after."
Tags: Success of Marriage, Funny, Humour, Jokes, Honeymoon, Horse Riding, Revolver
Maldives To Move Their Country
The country of Maldives is located on the bottom left corner of the map .... just a small dot.I'm sure you have heard of political refugees or even economic refugees but have you ever heard of envinronmetal refugees.
You may see such people coming from Maldives in time to come. Not any doing of the present government but the culprits are many other countries in this world who are causing serious environmental defects.
Maldives' 1,200 islands / coral atolls are sinking fast. Average height of their land from sea level is roughly around 1.5 metres. By year 2100, the sea water surrounding Maldives is expected to rise by about 59 centimetres.
In order to solve this rising sea water, the government of Maldives has decided on a unprecedented move, to buy lands in another country and to request that country to recognise those lands as Maldives.
Brilliant move, isn't it? Imagine Malaysia's government decided one day to move to USA in order to be near their largest trading partner as that will save many costs indeed.
In Maldives' case, the government has thought of three countries i.e. India, Sri Lanka and Australia. The country has a population of 300,000 and strategically placing them properly shouldn't be a problem so India and Australia would be top choice. The country has set up an emergency account where a portion of the government's revenue will be channeled into it.
Told you it was unprecedented!
Tags: Environment, Maldives, Sea Level, Coral Atoll, Envinronmetal Refugees
Tuesday, November 25, 2008
Actual Cost of Petrol Price
Oil depot price is the crude oil (at world price) that has been processed at oil refinery and it reflects the actual product price as produced by the oil refinery.

Commercial price on 15 Sept 2008 (there was a typo mistake in the chart) was at RM2.81, petrol stations were retailing petrol at RM2.55 and thus the actual subsidy was only RM0.26 per litre instead of RM0.30 as claimed by the government all the time. At least there were some subsidies as otherwise we would be paying more.
As you go down the chart, commercial price was cheaper than petrol retail price from 10 Oct 2008 onwards.
By 23 Oct 2008, the commercial price at oil depots was RM2.00 (at which the world crude oil price was at US$64.15) and with the claimed subsidised rate of RM0.30, the actual petrol price should have been retailing at RM1.70 but then the consumers were still paying the price of RM2.30. This was RM0.60 above the subsidised rate if there was any at all.
As had been revealed by the government, the petrol station would have earned RM0.12 per litre with the respective petroleum companies earning RM0.19 per litre too even at the retail price of RM1.92. It did mention that at RM1.92 less (RM0.12 + RM0.19) = RM1.61, the government would still have earned profits. Why? Because commercial price has dipped way below RM1.61 by now.
If the government was still earning profits, what was the government subsidising then? This question is being posed based on pre-June 2008 (the then 41% price increase) as even then the government was gladly saying that they were subsidising petrol price. Not that people or even me are asking for more subsidies but the government said it was subsidising all this while ................ who's bluffing who or what was missed out? What is the government's agenda in not telling truth?
Please bear in mind that the government did mention that effective 1 Nov 2008, the RM0.30 subsidy has ceased. By looking at the chart, we doubt so.
The current Deputy Prime Minister has prepared the hearts of all Malaysian citizens by saying "Don't expect pump prices to be constantly reduced". He has said that the government has to review whether to reduce the petrol price to match the drop in world crude oil price. Why must the government review when the prices drop but didn't even consider properly when they increased the price by 41% at one go in June 2008?
He mentioned that "We cannot afford this kind of volatility. The people may not be able to cope with these sudden changes." Please enlighten us, who are the "people" that you were referring?
Reading: Malaysians are now paying petrol tax - Malaysian Insider
Related post - Is Malaysia's Fuel Price Cheaper?
Tags: Petrol Price, Fuel Price, Oil Depot Price, World Crude Oil Price, Malaysia, Minister of Domestic Trade and Consumer Affairs, Petrol Station
Largest Hotel in Sudan
Some of my colleagues have been in it for meals and my turn ......... let's see ....... counting my money as you have to pay through your nose for eating there. Not today.
This hotel is owned by the Libyans and rumours were saying that one of Muammar Gaddafi's (President of Libya) son has an interest.
Example (2 Sudanese Pound = US$1.00):-
* five pieces of hot dog bread - US$0.75
* minced beef of 400g - US$3.28
* few small tomatoes - US$1.40
* processed chicken fillets - US$16.00
* two dozens of eggs - US$6.50
This has not taken into account other food or ingredients bought earlier in order to cook proper meals.
Tags: Burj Al Fateh, Khartoum, Al Amarat Center, Amarat
Monday, November 24, 2008
Dance in Lebanese Restaurant
Sunday, November 23, 2008
Bruce Willis Joined Malaysian Investors
Bruce Willis has finally found someone that matched his robust movie character and required the US court to intervene. Bruce Willis exercised his option in calling back his investment in ETL but the money was delayed which warranted him to issue a legal demand against ETL for the return of his US$900,000. Maybe economy is really bad in USA ............
Rumours were saying that even Al Gore and Mel Gibson were involved in the business too. Anyone can confirm? This could be the reason that pulled Bruce Willis into the investing team.
The case between Bruce Willis v. Elastomer Technologies Ltd is lodged under 08-7670, U.S. District Court, Central District of California.
Reading: Bruce Willis Sues Malaysian Group Over Rubber Venture - Bloomberg
Tags: Bruce Willis, Petra Group, Elastomer Technologies Ltd, Devulcanisation, Al Gore, Mel Gibson, U.S. District Court, Central District of California
Less EPF Cut Means More Income?
We take a case study to see the benefit that could be derived if your monthly basic salary RM4,000:-
- If your monthly EPF contribution is 11% (RM440), taxable income = RM3,560, income tax payable = RM77.
- If your monthly EPF contribution is 8% (RM320), taxable income = RM3,680, income tax payable = RM109.
Conclusion: If you choose to contribute 8%, you will end up paying more income tax to the government, which will make the government richer.
Finance Minister Najib said this measure is meant to boost up the slow-down market, but from this example we see that the money does not go into the market. Instead the money goes direct into the government's pocket through the greater amount of income tax that we will have to pay. Obviously this measure does not help the market at all.
Tags: EPF, Employees' Provident Fund, Taxable Income, Malaysian Income Tax
Pattaya International Fireworks Festival
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