Managing finance in your golden years - do's and don'ts

 

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Substance over style/form: ‘Dress down’ to suit current times

 

https://schoolings.org/substance-over-form-concept-in-accounting-definition-how-to-identify-substance-over-form/

Substance over form concept - Accounting For Management

New style seen to project less bureaucracy

In a new dress-down era, Prime Minister Datuk Seri Anwar Ibrahim and his Cabinet are paving the way with their ‘tie-less’ approach, which highlights less bureaucracy and formality. There is no point having government leaders in designer suits if they lack emotional intelligence and are corrupt, say image experts.

Less formal: Anwar is setting a trend for workplace dress code.

 

PETALING JAYA: The “dress down” culture of the government is being well-accepted all around, with experts saying the new approach highlights less bureaucracy and formality.

The post-pandemic environment has ushered in a trend of informality in the workplace, according to professional image consultant Dolly Kee.

ALSO READ: One-year break from donning ties in Dewan Rakyat

She said Prime Minister Datuk Seri Anwar Ibrahim, who these days seldom wears a necktie, was conveying an image of a leader who wants to be seen as relatable, genuine, relaxed and approachable.

Anwar had opted for a pair of baju melayu and sandals when clocking in on his first day in office on Nov 25, 2022.

The PKR president chaired a no-tie Cabinet meeting on Dec 7, 2022. “It is definitely his deliberate choice which, when in the right environment and when he has confidence and stylish intention, can certainly work,” she said.

However, Anwar has been photographed wearing a complete suit and tie as well as songkok when having an audience with the Yang di-Pertuan Agong and other rulers, including the Sultan of Selangor, Sultan Sharafuddin Idris Shah, and the Sultan of Brunei, Sultan Hassanal Bolkiah.

“The suit-and-tie look is highly recommended as a complete set for most professional and formal events or occasions.

“This is especially true for events involving an audience with royalty and high-level meetings with country heads and senior foreign dignitaries, as well as while attending parliamentary sittings, where the highest degree of decorum is to be expected,” she said.

She pointed out that batik shirts and the baju melayu could be vibrant alternatives to the formal suit-and-tie look.

“We are blessed with our beautiful batik shirts and baju melayu for men. The quality of each of the dress choices, such as long-sleeved batik shirts, offers our senior top officials the classy-style equivalent of the suit and tie.

“Generally, be it in the civil service or the corporate sector, if your boss doesn’t wear a tie, jacket or blazer, any subordinate who does will inadvertently commit the faux pas of ‘outdressing the boss’,” said Kee.

Urbane Academy Sdn Bhd founder Georgianna Das said times had changed as far as the professional dress code was concerned.

“Everyone should be comfortable wearing what they want to, as long as it’s not garish, vulgar or jarring to anyone. Malaysians would want leaders who have integrity and put the welfare of all citizens in the country first.

“There is no point having government leaders in designer business suits if they lack emotional intelligence and practise corruption, nepotism or cronyism,” said Das.

Deputy Health Minister Lukanisman Awang Sauni said most of the ministers and senior officers opted for the no-tie look as they wanted to display the same image as the prime minister.

“It’s a matter of individual choice and style whether to wear a tie or otherwise when attending official programmes,” he said. 

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Bersatu’s accounts frozen more than 2 weeks ago

      Anwar: No govt interference | The Star Bersatu's accounts frozen more than 2 weeks ago, says MACC chief  https://www.freemala..

 

The dark reality: education, teachers, children, helicopter parents, Covid-19, unjust lawsuits,society, media, 如所解释的，不要抱怨杀死你的老公 ...

2+2=22 The videos below show a teacher telling a student that he failed because he wrote the incorrect answer – that 2 + 2 equals 4, not 2...

Alternate World Where Math Is Different. 2+2= 22 And Not 4

 

An elementary school math teacher is challenged by parents, the principal, and even the mayor, when she tells a student that “2+2=4”.

 

 

Bersatu’s accounts frozen more than 2 weeks ago

  

 

Anwar: No govt interference | The Star

Bersatu's accounts frozen more than 2 weeks ago, says MACC chief

 https://www.freemalaysiatoday.com/category/nation/2023/02/01/bersatus-accounts-frozen-more-than-2-weeks-ago-says-macc-chief/

Bersatu's accounts frozen | The Star

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Freezing parties’ bank accounts not new

Bersatu calls seizure ‘disgusting strategy by PH-BN’

 

Bersatu's party accounts have been frozen by the MACC, just one day after the party declared its 2020 and 2021 accounts.

The matter was confirmed to Malaysiakini by Bersatu supreme council member, Muhammad Faiz Na'aman.

It is believed that the freeze is related to the MACC's probe on government funds amounting to RM92.5 billion of pandemic stimulus funds that were allegedly misappropriated. 

MNC spending a boon for Penang developers

 

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 Demand for residential, commercial properties to grow

KUALA LUMPUR: Property developers in Penang are set to benefit from the opening of new factories by both local and multinational corporations (MNC) as well as state government projects and population growth.

In a sector report, Maybank Investment Bank Research (Maybank IB) identified S P Setia Bhd, Tambun Indah Land Bhd, IJM Corp Bhd and Eco World Development Group Bhd (EcoWorld) to be among the main beneficiaries from the growing Penang property market.

“More job opportunities have been created with the opening of more local and MNC factories and this has drawn demand for new residential and commercial properties, the former due to housing needs of the rising population base.”

The research house also pointed out that the Baru Kawan area could benefit from the Penang state government’s intention to develop a medical hub there as well as 1,156 acres within the Batu Kawan Industrial Park (BKIP) 2 in Byram, Nibong Tebal.

“These projects augur well for population growth and should continue to boost the demand for properties,” the research house noted in the report.

It added that Penang’s residential property sales rebounded strongly by 50% year-on-year in the third quarter of 2022, due to the economic recovery and despite the three overnight policy rate hikes since May 2022.

Maybank IB said S P Setia’s Setia Fontaines project in Bertam, on the Penang mainland, offers a similar eco theme as Setia Eco Park, but is more affordably priced like Setia Alam (both of which are in Shah Alam, Selangor).

“The project, which mostly offers landed properties, is expected to have a remaining development period of at least 25 to 30 years.”

Since the launch of Setia Fontaines in 2018, Maybank IB said the project has generated stable and growing sales for S P Setia.

“In 2021, Setia Fontaines contributed RM157mil sales or 4% of S P Setia’s Malaysian property sales.

“Catalysts to the project include an industrial park (850 acres) nearby, which could offer employment opportunities and attract new population to the area over the longer term.”

Separately, the research house said EcoWorld’s Eco Horizon project is strategically located in the heart of the Batu Kawan commercial area and is riding on booming job opportunities and commercial activities there.

“The property development projects in Batu Kawan have become more mature.”

Maybank IB noted that the completion of Penang’s second bridge in 2014 and the new BKIP are the game changers for the Batu Kawan area.

“Apart from its prime location, we attribute the success of Eco Horizon to right product offerings, namely landed properties versus its peers that are mostly involved in high-rise.”

“In its financial year 2022 (FY22), Eco Horizon contributed 12% to EcoWorld’s total sales,” Maybank IB noted.

Meanwhile, Maybank IB said IJM’s The Light City project in Gelugor, Penang, will be a mega integrated waterfront project comprising two towers of premium condominium units, a retail mall, offices, a convention centre and a hotel.

“The retail mall, offices, hotel rooms and convention centre are slated for completion by 2025.

“By then, we believe The Light City would reshape the commercial market of Penang island as the major commercial spaces are currently located at the north of Penang island,” it said.

It added that IJM is in advanced stages of negotiations with a hotel operator from China but is making no changes to its earnings forecasts for the group, at the moment.

Separately, Maybank IB said Tambun Indah’s Pearl City project in Simpang Ampat is a good proxy to the booming Batu Kawan area.

“Tambun Indah has been careful in launching new projects and has focused on clearing unsold stocks over the last few years.

“Its average take-up rate continued to improve to 81% as at September 2022 (from 79% as at June 2022).”

Maybank IB noted that Tambun Indah’s main products are generally affordable, landed properties. In the third quarter of this year, the company will be launching Dahlia Garden in Pearl City.

“Dahlia Garden, which has an estimated gross development value of RM107mil, will comprise residential terraces (185 units) and semi-detached houses (24 units) priced between RM470,000 to RM650,000 per unit.”

For the nine-month period of Tambun Indah’s FY22, Maybank IB estimated the developer’s locked-in property sales stood at RM133.2mil, which is 2.3% above its FY22 sales target of RM130mil.

“Tambun Indah usually has relatively lower unbilled sales (RM90mil as at end-September 2022) than its peers, as it only launches a new project when the project is 20% to 30% completed, hence it will hasten revenue recognition.” 

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Better FY22 results likely | The Star

 https://www.thestar.com.my/business/business-news/2023/02/02/better-fy22-results-likely

 

China’s rebound to fuel Asia-Pacific outlook

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Let’s aim to be fortunate

 

Dr. Wada in Japan advocates calling people over 70 years old as “fortunate people” rather than “elderly people”. He summed up the secret of 70-year-olds becoming “lucky ones” into “42 sentences”

Seniors over the age of 70 do not need regular physical examinations because the “standard of health” varies from person to person. He also said: “Don’t believe what doctors say.” This is because doctors are in contact with “patients”, so they do not understand what health is. At the same time, he also opposes the long-term use of multiple drugs by the elderly, and advocates “only take necessary drugs when necessary.” In other words, “taking medicine to prevent something” makes little sense.

According to this point of view, the elderly do not need to take sleeping pills frequently. Loss of sleep time as you age is a natural phenomenon, and no one dies from insomnia. 24 hours a day, sleep whenever you want, wake up whenever you want, this is the privilege of the elderly.

In addition, the cholesterol level that the elderly are generally worried about, even if it is high to a certain extent, there is no need to worry. Because cholesterol is the raw material for the body to generate immune cells. The more immune cells, the lower the risk of cancer in older people. in addition, part of the male hormone is also composed of cholesterol. If the cholesterol level is too low, men’s physical and mental health will be unsustainable.

Likewise, high blood pressure doesn’t matter at all. More than 50 years ago, human malnutrition was widespread. So, when blood pressure reaches around 150, the blood vessels burst. But very few people are malnourished these days, so even blood pressure over 200 won’t cause a blood vessel to burst.

Dr. Wada summed up the secret of 70-year-olds becoming “fortunate people” into “42 sentences”, as follows:

1, Keep walking

2 Take a deep breath when you feel irritable

3. Exercise so that the body does not feel stiff

4. Drink more water when the air conditioner is on in summer

5. The more you chew, the more energetic your body and brain will be

6 Memory declines not because of age, but because of long-term non-use of the brain

7. No need to take a lot of medicine

8. No need to deliberately lower blood pressure and blood sugar levels

9 Only do what you love, not what you hate

10. No matter what, don’t stay at home all the time

11. Eat whatever you want, the fat body is just right

12. Do everything meticulously

13. Don’t deal with people you hate

14. Rather than fighting the disease to the end, it is better to live with it

15. “The car must have a way to the front of the mountain” is the magic spell to make the old man happy

16 You can’t fall asleep and don’t force it

17. Doing happy things is best for boosting brain activity

18. Find a “family doctor” early

19. Don’t be overly patient or force yourself, there is nothing wrong with being a “bad old man”

20. Stop learning and you will grow old

21. Don’t be greedy for vanity, it’s good to have everything you have now

22. Innocence is the privilege of the elderly

23. The more troublesome things are, the more interesting they are

24. Do what is good for others

25. Live leisurely today

26. Desire is the source of longevity

27 Live as an optimist

28. Cheerful people will b popular.

29. The rules of life are in your own hands

30. Accept everything calmly

😇😁😂 

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