Fading Malaysian dream: Now it is a question of survival

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Is this the result of our neoliberal economic policies driven by cronyism and corruption?

Guess who is hurting and suffering the most? Imagine how many Malaysian households are in debt. And if working people are struggling, what about all those unemployed youth?

Malaysian leaders have failed their people, especially the young.

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Richard Ma
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Richard Ma

Why complain when you can have six month free rental at Mara Digital?

benny
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benny

What Middle Class Means in Malaysia
http://www.nytimes.com/2015/11/19/opinion/what-middle-class-means-in-malaysia.html?smid=fb-share&_r=1

The polarizing effect of unevenly distributed growth has created not only a wider gap between rich and poor, but also a large group of disgruntled people — particularly in the cities — who remain trapped in salaries of between $200 and $400 a month. That is not enough to live comfortably in Kuala Lumpur or Penang.

benny
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benny

KUALA LUMPUR, Nov 27 (Bernama) — Younger workers need to save more to ensure that they have enough savings for retirement, ideally accumulating 12 to 14 times their last annual salary, Allianz Asset Management AG said. This is crucial as the Malaysian retirement pension scheme does not provide an adequate retirement income, its Head of International Pensions, Brigitte Miksa said. “Workers close to retirement age today will have exhausted their assets in the first five years of their retirement. “Hence, establishing a planned spending phase with annuitisation as a key element is one way to protect individuals against longevity risk… Read more »

gk ong
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gk ong

Has UMNO failed the young Malays?
The video seems to be telling us that.

Alvin
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Alvin

The problem is these people despite graduate without paying back ptptn lack relevant job skills and English proficiency to command good paying jobs as their focus has always been civil service.

No desire to change with Same Old Ways (SOW!) will perpetuate this Malay Dilemma.

meela
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meela

The title of the article should be renamed as ‘Fading Bumiputera Dream’.
Because non-Bumiputeras in Malaysia has acquired the art/skill of survival after being deprived of NEP.

Yang
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Yang

Is this not a joke. First LKS to Mahathir as the new opposition to bring down Najib despite knowing what he has done for 22 years. Then he go shopping to Razaleigh as the new PM. Now Musa is touted as the new PM in his shopping list. LKS is really a joke He think he is the President of BN and I’MNO making decision for them. He should think of his backyard first with PR now demise and Sarawak Pkr DAP now fighting against each other and fading home

meela
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meela

Umno should be grateful and thankful of the advice since it is in a mess, with its leader suspected of CBT.

Phua Kai Lit
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Yang
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Yang

No matter how much you shred, the account will show it out. Is it not. Anil you being a Charterd Accountant should know.

iSupercally
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iSupercally

Check, check and check again
The lawyer confirmed that the WhatsApp message claiming that Sirul will reveal in an Australian court next week that Datin Seri Rosmah Mansor had ordered him to kill the Mongolian for blackmailing Datuk Seri Najib Tun Razak was a hoax.
“These days, there is so much fake news around. It is highly irresponsible of people to manufacture fake news. Sadly, many fall for fake news and some even act based on fake news,” Yong posted in “news group”. “We have to use our common sense and to verify important news via the credible media.”

Yang
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Yang

Yes, Fading Dream . ““So who do we support, the leader or the cause?““` Justice may be delayed but it can never be denied. It took Galileo Galilei 350 years. It took me only five years. But finally Pakatan Rakyat’s death proved what I said five years ago that attracted so much condemnation from those who felt we must choose the leader over the cause. http://www.malaysia-today.net/so-who-do-we-support-the-leader-or-the-cause/ It took RPK 5 years. It took me 2 years and so much condemnation And hopefully another 3 years to see the demise of CAT and PKR in Penang and Selangor respectively. Read it.… Read more »

Yang
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Yang

Fading dream for DAP soon. DAP & PKR shall split by next year

Yang
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Yang

Was referring to DAP _PKR Sarawak

Mike
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Mike

Go read Anil’s new posting on Harapan Baru.

You should start advise MCA and Gerakan how to handle Hadi’s PAS courtship on Umno.

KC
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There are 3 things that she mentioned that bothers me a lot: a). she is not a Pendatang b). she is a BUMI c). she is a MUSLIM BUMI She felt that she deserved a better paying job simply because she belongs to all of the above categories. She is a good example of the failed NEP or any failed social hand out program as it only serves to create incompetent workers and employees . She is likely a mediocre law school graduate who was admitted through matriculation instead of the superior STPM A-level exam. She was admitted as a… Read more »

tunglang
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tunglang

2 groups of survivalists in the Malaysian labor market: Group #1- has all the financial & educational supports to ‘see’ them thro’ from cradle to grave. Free education from primary to uni, matriculation selection for ‘easy & fast-track’ entrance to unis, free scholarships, ‘cangih’ computer labs, free school boardings with free food, free lodging, free uniforms, etc., Amanah Saham investment with guaranteed attractive returns, available government jobs (if private sector jobs are too demanding), preferential discounts for home purchases, business loans & funds for bumis. Any any more that I have missed out? Group #2 – has nothing to ‘see’… Read more »

meela
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meela

Obviously she has been misled by BTN – “an ultra Malay racist agency” that promotes Malay supremacy during the initiation of her local university orientation.
http://www.thestar.com.my/News/Nation/2015/07/12/The-proof-is-in-the-experience/

tunglang
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tunglang

Only in a Bolehland of make believe do you fancy a birth-right to a comfy career life guaranteed from cradle to grave. The MadHatter Crutches have disappointed many later generations like Zara who thought her life is auto-set for success sans worries & disappointment. (That was true in the early 1980s to 90s of bank jobs & GLC / gomen jobs). Such is the unrealistic survival skills taught to her to prepare for more globally competitive world & high inflation of the new century. To compare her own life akin to pendatang is a bit of an excuse & stretched… Read more »

Phua Kai Lit
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Phua Kai Lit

Allow me to make one more comment,
(I don’t wish to bombard Mr Anil’s blog with too many comments, unlike Mr Yang) 🙂

Dear Yang

My wife, a high level private sector banker, says that it is possible to have
a bank account with an old IC number. So, don’t get your knickers in a twist
over the postings of Rosie’s bank account with nombor IC lama and
claim fraud on the part of Rosie’s critics ! 🙂

Henson
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Henson

1LADY Has Confirmed account is here, and Yang can verify if 2Million is the profit from his son’s wall street movie DVD bootleg sales (as actual movie not shown in cinema) in Msia.

Magic Mike
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Magic Mike

If those who have been enjoying the benefits of NEO are now complaining, what about those who have been deprived such benefits?

When you are relying on handouts, you can never learn to be resilient and independent through hard works.

When you are given privileges and do not have to compete, you will never excel and have false sense of accomplishment.

Magic Mike
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Magic Mike

Sorry, I mean NEP, not NEO.
NEP = never ending policy of discrimination disguised as affirmative action.

Phua Kai Lit
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Phua Kai Lit

They survive by working in Singapore or other foreign countries.

meela
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meela

Singapore benefited from the brain drain of Malaysia.

Phua Kai Lit
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Phua Kai Lit
Phua Kai Lit
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Phua Kai Lit

Sarawak Report responds to RPK’s attacks on Clare Rewcastle Brown: “RPK, the author of this material, lives in the UK. He has taken quite a bit of hospitality from his present target, which could be ill-afforded on the limited budget of our radio project RFS at the time. He therefore knows that ‘Clare’ lives in the same 4th floor flat (no lift) that she moved into after getting married 20 years ago. So much for this “life-style change’. The cost in 1992 was £162,000 and that has now boosted to the “multi-million” current estimate of around £1.6m. Malaysian money is… Read more »