As for me, whoever created the budget will have some pros and cons - we are all human maaa.... what matter is how you look the budget or in other words in which angle you position yourself to view the budget from. I personally thinks that I don't want to always be cynic and keep on condemn what ever had been announced, rather put myself as opportunist and gain the most out of the budget. After all, it already been announced.
I got lucky when our BDM asked me to review on the budget and see how it will benefit with the company's capacity. I personally read each lines of the speech text by YAB. You can always find it here.
Personal Opinion
1. 100 storey building
Urmm.. This create a lot of huha everywhere. The first question will be "we already have petronas twin tower. Why should be build another tower???" At first I thought it was a bad idea to spend RM5B for the building. But then, when I look back again, it was actually proposed by PNB CEO and already inside the megazine, newspaper a few years ago that the direction is to invest in property sector. It is claimed that even before the building start to build, they have managed to sold most of the space. If the demand was there, should we ignore the idea and focus on other thing? I think we should look deeper before we made a blind comment. While some people said, it is wasting "duit rakyat", these people did not read the news. PNB uses their own money (after more than 20 years operating) which is not even those unit trust (amanah saham) fund. Why don't you get a property nearby the location as the land value is expected to grow exponentially in these 5 years?
2. Handphones
i. Privacy - people that wants to separate business and personal contact number. Most of the time, companies gives their employees a 'work' number only for business purpose.
ii. Reduce cost - either calling/SMS the same mobile operator or different plans. Perhaps some might have a prepaid and a postpaid plan. I was been using 2 phone and the other specifically for my broadband access.
iii. Network reliability (coverage sucks) - Some places only A operator got coverage, but some places only B operator covered.
iv. Technology factor - If I have access money, I would love to have all the smartphone platform and play around with all those functions. Wish I could have BlackBerry, iPhone, Android and Symbian in my hand.
You can name more reasons, but as we discussing about budget, it is more possible to suit on above reasons to buy new handphone. I personally tired with my Sony Ericsson always hang when I make a call.
3. R&D&C
R&D is good but without the C which is the commercialization part, it is useless. Commercial value of new invention is very much the main factor to make new innovation success. Just imagine motorola a huge company comes out with a superb technology of satellite phone. Under the company Iridium, they started the R&D in 1990. They have developed a 66 satellite of global telecommunication network and the technology was proven to work. However, they have failed to commercialize and the company has to declare bankrupt in 1999 as the billions of dollar spend in R&D ended up become a hi-tech crap.
MTDC will be organizing International Venture Capital Symposium for an international business matching to create more technological commercialization for high technology industry. Beside funds of RM100 million also will be given to MTDC as initial capital for commercialization.
4. Program latihan 1Malaysia.
People saying this as wasting money. Why? They did thought RM500 million is wasted for the 1Malaysia concept. If you read the breakdown, it is non-other than a normal training budget for competency. The 1Malaysia theme is just to add spice for the budget. Being in training industry currently, I do think this is a good budget for us and it is an opportunity to tap on. All the western developed country, training is something very common. Why stop learnig after you gain your degree? In fact, you should learn more because degree graduate is almost everywhere today. And to stand outstanding, these training might help.
5. Housing loan 100% for less than RM3000 household income
This is a good news for those new graduates. They can afford to buy a new house and drag the installment as long as they could so that they pay a very minimum monthly payment without any installment. While this is good for these people, real-estate investors might not like the idea if they make money is from the rental for this target of people.
What good about this budget is, PM personally asked input from the peoples. Some opportunist will have asked for budget for whatever that will benefit them. While this is fairly open for all, a lot of people did not do so, and after the budget announce only they started to complain.
In my opinion, if you did not give any input, you should not complain. I personally feels that it is better to focus on which area can benefit me or my organization rather than condemning the negative side of the budget. As I mentioned earlier, after all, it was already been announced. You can take what ever opportunity for every new direction set and gain all the benefits immediately, or you can cast your vote only every 5 years, which will not guarantee you are in the majority group.
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