25,000 MALAYSIAN CITIZEN IS BANKRUPT WITHIN FIVE YEARS

In the next five years, a total of 25000 Malaysians over the age of 35 years of bankruptcy.

Minister of domestic trade, co-operatives and consumerism Minister Datuk Hamzah Zainuddin said the condition occurs when the respect was not able to settle outstanding debts even spent 30 percent of their monthly income to resolve it.

"As a result of the use of uncontrolled credit card in addition to making personal loans that do not generate result in the end they had to be declared bankrupt in a very young age.

"What's more, those who do not concern bankruptcy however bear the debt much in young age is also more and more these days," he said.

He made the statement in a press conference after officiating Management Symposium Ringgit 2015 (Super 2015) organized by the Biro UMNO Youth Movement Young Professionals here today.

The present Chairman of the Young Professional Bureau, Shahril Hamdan and the coordinating Super 2015, Mohammad Syahir Mohammad Zaini.

The one-day symposium jointly organized by Agensi Kaunseling dan Pengurusan Kredit (AKPK) and Permodalan Nasional Berhad (PNB) is attended by nearly 1200 participants consisting of higher education institutions graduates and young professionals.

Earlier in the opening speech, Hamzah said, not denied debt burden is also due to the higher cost of living.

However, he said, in such a situation, are actually opportunities to enhance or increase the income is too much these days.

In fact, in addition to seizing the opportunity, young urged that keep at least 10 percent of their income each month.

"Save everywhere and never tampered because it will greatly help us someday.

"In addition, it is important to change lifestyle by not buying what is not necessary and is not important," he said.

Meanwhile, he also warned farmers and traders in the country to conform to ethics and business rules.

RINGGIT STABLE IF EXTERNAL UNCERTAINTIES, DOMESTIC ISSUES COMPLETE

The Governor of Bank Negara Malaysia (BNM), Tan Sri Dr. Zeti Akhtar Aziz dismissed the perception that domestic issues are becoming the main factors contributing to the decline in the ringgit recently. 

 

On the other hand, she pointed out, the currency is actually affected by the external factors include the expected change in policy direction, especially by the United States Federal Reserve (US), the decline in world oil prices and China's economic growth slow.

"When uncertainties and domestic issues are finished, I believe currency trends are better, reflecting our strong foundation," he told reporters in presenting the country's economic performance for the third quarter of 2015, here today.

Zeti said she was disappointed the global market does not give due recognition to the fact that Malaysia has a diverse economy with the manufacturing and services sectors accounted for 80 per cent.

 

She said a solid foundation however consists of strong growth trajectory, current account surplus and trade surplus, as well as a strong financial system, will allow the flexibility to absorb the shock of Malaysia.

 

She said, for the first three quarters of this year, the country registered five percent growth in gross domestic product (KDNNK) accumulated, the number is positive compared to the target of 4.5 to 5.5 percent this year.

Meanwhile, Zeti said BANK NEGARA MALAYSIA will evaluate more overseas investment 1Malaysia Development Bhd (1MDB) once all requested information obtained and verified.

 

She said the company's restructuring plan which is expected to be finalised later this year, will also be taken into consideration.

"BNM is now evaluating the response to this administrative instruction 1MDB, 1MDB and already stated publicly that funds for the redemption of the overseas investment has been used and also provided for the debt exchange of assets as part of their restructuring plans.

"So the central bank is confirming this now and will take into account any binding commitment made 1MDB under her plan that will help reduce its debt burden," she said.

 

WHAT YOU NEED TO KNOW ABOUT TPPA

In view of the increasingly overwhelming issue TPPA in country, it is time people will be explained what the TPPA and what views the former Prime Minister, Tun Dr. Mahathir Mohamad on this issue.

This article, taking into consideration the views of Mahathir Mohammad as he was a former Prime Minister and political savvy of the world of course.

What is a TPPA ?

TPPA is an acronym for Trans-Pacific Partnership Agreement, an agreement, led by the United States and 11 other countries involved, including Malaysia.

Countries Involved ?

Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam and the United States. Need to be emphasized, China is not included in this agreement.

What is the purpose of the TPPA ?

TPPA allowing each Member States non Member States market dealing. This means will reduce trade barriers TPPA and created a similar standard to the 12 countries involved.

What is wrong with TPPA?

What raises questions about the TPPA is all discussions made in secret and all discussion text was secret until after the fourth year of the agreement entered into.

Resistance to TPPA ?

Apart from Malaysia, TPPA also received stiff resistance from the people of the affected countries include United States whatsoever. On the internet many websites created tells cons TPPA. See pictures of a rally protest  on the site Google images TPPA.

What goodness TPPA?

TPPA allows product or services from Malaysia market in Member States more easily. With simple language, the scope of the business of traders will be more spacious.

According to the International Trade Minister, Mustapha Mohamed & Industries, as a result of consultations with all parties, import duties for almost all products will be eliminated under the TPPA.

"Basically, the result will provide an opportunity for greater market access for Malaysian companies, especially in markets such as the United States, Canada, Mexico and Peru in which Malaysia has no FTA.

"Malaysian exporters will gain competitive advantage compared to regional competitors in the export of products from electrical and electronics sector, chemicals, palm oil products, rubber products, wood products, textiles, as well as automotive parts and components.

"All this is a major export for Malaysia and generates a significant amount of income for the country's economy and taking thousands of Malaysians as workers," he said according to Jeswan Kaur Online.

In addition he also stressed Malaysia's sensitivity issues are also taken into consideration in the deal include the native issue.

What disadvantages TPPA?

Of course if the greater market, competition is also higher. In addition, each country has their own issues. So, with the same standard for admitting foreign one to each country may cause other issues that arise. However, the cons still have not been release since it has yet to be implementation.

Leak Information

Every thing that ' secret ', of course there will be leaking. Citing a report from the Washington Post in 2013, this is among the things stated in the TPPA:

— Intellectual property: The leaked intellectual property chapter revealed that the U.S. has been pushing stronger copyright protections for music and film, as well as broader and longer-lasting applicability of patents. It would also make the approval process more difficult for generic drug makers and extend protections for biologic medicines, which has concerned several members of Congress. Public health and open internet groups have campaigned hard for years around these issues, and public intellectuals like Joe Stiglitz have warned against using the treaty to "restrict access to knowledge."

— State-owned enterprises: Many TPP governments, in particular Vietnam, Singapore and Malaysia, essentially own large parts of their economies. Negotiations have aimed to limit public support for these companies in order to foster competition with the private sector, but given the U.S.' own government-sponsored enterprises — Fannie Mae, Freddie Mac, the U.S. Postal Service — they probably won't go too far.

— Market access: Though the treaty envisions dropping all tariffs, tensions remain between the U.S. and Japan over support for both of their agricultural sectors, as well as Japan's willingness to accept U.S.-made automobiles.

— Investor-state dispute resolution: Most modern free trade agreements include some mechanism for investor parties to sue governments directly for failing to abide by the terms of the agreement, which some public interest advocates worry will have a chilling effect on domestic regulation aimed at consumer and environmental protection.

— Tobacco: Originally, the U.S. had proposed that tobacco be treated differently than other kinds of goods, in that countries would have permission to restrict its importation and sale. This summer, it executed something of an about-face, which alarmed anti-smoking advocates who worry that tobacco companies will continue to sue nations for passing laws that heavily tax cigarettes or ban certain kinds of advertising.
  

What Mahathir TPPA views?

In 2013, Mahathir criticized the agreement with TPPA described as unequal sharing.

"When the currency attack us rogue with the aim to get control over our economy, we are opposed to it because at that time we were still free.

"But after we signed the TPPA, feet and our hands are tied. No more capital controls. We will be colonized again. President Sukarno is indeed correct about neo-colonialism, "he wrote in his blog.

"They introduced the bilateral free trade agreement. Then they promote global world, a world without borders where the money they can get into any, destroying the economy and then pull out.

"If we forget, they do this in 1997/1998,"

In 2015, Mahathir once again criticized the deal with stated it's a conspiracy.

However, in 2013 the son Mukhriz Mahathir, Mahathir, a disagreement with his father, saying he is confident with the assurance given by the Government.

 I am agree with view by Mahathir.

Malaysia is highest country use smart phones damaged-Otterbox

              Cost is high to fix the device makes the user not to fix their devices.

Although Malaysia has a Smartphone device users the highest in the world, it is also listed in the highest countries has damaged devices.

In a study carried out by the manufacturer of the smart mobile phone accessories, OtterBox one third device users the possibility of accidental damage of the device were smart phones in the first three months after purchase.

The study also found that 75 percent of Malaysians were ruining their devices as much as 2.8 times in the next five years.

It includes minor damage such as scratches on the screen until further damage such as water intake.

Only 21 per cent admit their Smartphone experience "a very severe damage".

About the care of their device, two priority factors: if it can still function and cost.

A total of 68 percent who took part in this study is not concerned with the screen scratches as long as it doesn't affect the operation of the device.

High costs to improve the device makes the users to not fix their devices.

Almost 24 percent of the view that the cost of RM500 in General to improve the device is too high.

A study done in August 2015 with the participation of 500 Malaysians who have the device and over the age of 18 years.

SOUTH CHINA SEA ISSUE: Kerry urges China to stop activities in the South China Sea

South China Sea disputes strain became the focal point in discussions between the Secretary of State of the United States, John Kerry and Foreign Minister of China Wang Yi.

Kerry said the United States will continue to urge China to cease activities in the South China Sea that caused concern throughout the region.

Washington criticized China as sea reclamation activities in addition to accelerate creating artificial island in seven Spratly Islands in the South China Sea.

Kerry told the counterpart of the 10 ASEAN member countries that he has meet with Wang Yi which result is overwhelming by looking at some current details of the encounter.

"We want to ensure the security of critical sea routes and fishing grounds other than to see that the disputes are managed peacefully spaces and based on international law.

"I am very hopeful that at meetings during today and tomorrow we'll find a way to move forward effectively and together," Kerry said during a speech to the opening of the ASEAN-United States Ministers.

In an opening address after meeting with Kerry, Wang Yi said China will continue the peace discussions in the South China Sea disputes.

However, he is not discussing the details of the meeting with Kerry.

Wang Yi described the prompts to cease activities in the South China Sea was unrealistic.