Posts Tagged ‘government

29
Aug
08

The 2009 candy bar

Budget 2009 was tabled this evening as usual, after the stock market closes.

And as expected, it was chock full of sweets that before you know it, Malaysians will be flocking to doctors for diabetes management.

Anyway, the man himself couldn’t resist taking a swipe at the Opposition, slamming them as being populist.

I don’t know, this budget is pretty populist to me. The Government is throwing money at nearly everyone!

Here are things that will affect me:

Households which incur monthly electricity bills of RM20 or less, will not have to pay for electricity, for the period from 1 October 2008 to end of 2009.

* The current tax rebate of RM350 per person be increased to RM400 for those with taxable income of RM35,000 and below.

* All interest income from savings for individuals be tax exempt.

* Reduce import duties on various consumer durables from between 10% and 60% to between 5% and 30%. These include blender, rice cooker, microwave oven and electric kettle.

Full import duty exemption on several food items, which currently attract import duties of between 2% and 20%. These include vermicelli, biscuits, fruit juices and canned sweet corn.

* Reduce the road tax on private passenger vehicles with diesel engines to be the same as those with petrol engines, effective 1 September 2008.

I WON’T HAVE TO PAY (maybe a minimum sum of RM3 lah) FOR MY ELECTRICITY USAGE as I consume < RM 20 every month. Coupled with a meagre RM4 of water, I effectively don’t need to pay for utilities. Ah…the perverse joy of living in Malaysia.

I have been planning to get a blender and microwave oven. This means that over time, probably next year, these things should get cheaper.

It’s nice to know that comfort food should be cheaper tomorrow. Ah..now I can buy Chipsmore without feeling too guilty.

Now by some perverse reasoning, I don’t want Anwar to take over!! Then I need to pay for electricity 😦 But wait, Anwar promises cheap petrol, and since I’m planning to get a car sometime next year….hmmmm




About me

moogleBorn and bred in KL, Malaysia. Now studying for his Phd in Singapore. Learning to walk one fall at a time.
June 2017
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