[Manthink]

Debt is just debt . Housing debt can turn bad and did so during US financial crisis and Japan 1990s ...
My thoughts are rather deeper than such superficial numbers that paint one dimension.
No doubt Singaporeans are richer and have more savings given our per capita GDP is 4 times higher than average in Malaysia and 2 times higher than KL.
Except for cars and property almost everything else in Malaysia is not  lower than half ghe price in Sjngapore.
The incurrance of debt for necessities like housing and sometimes car if the family has elderly or disabled means there js no straightforward way to compare as it's not apples to apples.At the end we should solve our own problems instead of trying to feel better comparing ourselves with Malaysia which is a developing country. 
Retirement adequacy in Singapore is low despite high compulsory savings into CPF.

You aren't even addressing my point - Why are 70% of M'sian in such financial stress given their country is naturally blessed with resources, blessed with abundance fertile land and help by far lower cost of living vs our tiny Little Red Dot - ironically where over 1 million M'sians have come to make a living for SGD ???

The Fun part is you cannot rationalise your "Not an apple to apple comparison" - since u fail to recognise there are good and bad debts ?  

[Tee tiong huat]

Becuz those are Msian Chinese and like face a lot cannot lao kui even if got no monies.

Malaysia pasti Boleh. 

[Tee tiong huat]

Malaysia’s Anwar has to navigate dangerous undercurrents ahead of key state elections
PM Anwar has his work cut out to improve his coalition’s Malay vote share in the coming state polls, with Selangor and Negeri Sembilan marked as key battlegrounds
Deputy PM Zahid and jailed ex-leader Najib are among other headaches for Anwar, whose support may erode if Umno becomes an electoral liability during the election.

[Tee tiong huat]

Malaysia pasti Boleh. 

Malaysia’s prime minister with the passing of his maiden budget in parliament, Anwar Ibrahim now has an added spring in his step following a well-received visit to China.

While he failed to secure meetings with top Saudi Arabian leaders on an earlier trip, he delivered in China. In addition to meetings with President Xi Jinping and new Premier Li Qiang, Anwar secured 170 billion ringgit (US$38.6 billion) worth of investment deals. In essence, he was able to achieve in a single visit more than ex-leader Najib Razak, who was lauded for upgrading bilateral relations with China.

https://www.scmp.com/topics/anwar-ibrahim?module=inline&pgtype=article

[Tee tiong huat]

Dr Mahathir claims Malays ‘lost everything’ after he was no longer PM in 2020...Former two-time prime minister Tun Dr Mahathir Mohamad today claimed that Malays lost everything after he resigned from office following the collapse of the Pakatan Harapan (PH) government in February 2020.

https://www.malaymail.com/news/malaysia/...2020/61703

[Alice Alicia]

They lost only one stubborn old man.

[Manthink]

Malaysians could run out of savings 19 years too soon  - Bank Negara 

MALAYSIANS could run out of savings by the age of 58 due to low wages, high debt and premature withdrawals from their retirement funds during the pandemic, according to Bank Negara Malaysia (BNM). And the situation risks worsening....

PM Anwar is under pressure to let citizens dip into their retirement savings (Employees Provident Fund) once again, with the opposition clamouring that he allow for another round of “targeted withdrawals” to help struggling Malaysians. Anwar has resisted the calls, prompting the opposition on Monday (Apr 3) to walk out of Parliament in protest.

https://www.businesstimes.com.sg/interna...s-too-soon

[Tee tiong huat]

Dr Mahathir claims Malays ‘lost everything’ after he was no longer PM in 2020...Former two-time prime minister Tun Dr Mahathir Mohamad today claimed that Malays lost everything after he resigned from office following the collapse of the Pakatan Harapan (PH) government in February 2020.

https://www.malaymail.com/news/malaysia/...2020/61703

A case when some ministers don’t bother to turn up for cabinet meetings while others are not even on speaking terms. Made the excuse that PM Datuk Seri Anwar Ibrahim’s Cabinet was product of a ‘unity government’, hence had to accommodate different stakeholders with different ideologies.

Many buried their heads in the sand. 

Malaysia Boleh. 

https://focusmalaysia.my/anwar-must-have...utm_medium=

[Tee tiong huat]

A case when some ministers don’t bother to turn up for cabinet meetings while others are not even on speaking terms. Made the excuse that PM Datuk Seri Anwar Ibrahim’s Cabinet was product of a ‘unity government’, hence had to accommodate different stakeholders with different ideologies.

Many buried their heads in the sand. 

Malaysia Boleh. 

https://focusmalaysia.my/anwar-must-have...utm_medium=

Ex-PM Ismail compares Umno-PH alliance to 'forced marriage' destined to fail. The former Umno veep says there are already cracks in the five-month-old government headed by Anwar Ibrahim. Former Umno vice-president Ismail Sabri Yaakob is also former prime minister said cracks in the cooperation after at least two senior Johor Umno leaders rebuked several DAP and PKR leaders for comments seen as an insult to the Malay party.

"Right now, this is just the beginning.  Malaysia Boleh. 

[Tee tiong huat]

....also more Malaysians are struggling with less savings in hand, as 63% of respondents stated that they can survive for 3 months or less with only their savings ....


It was a bit better before COVID..


https://weirdkaya.com/70-of-msians-save-...n-5-years/

Malaysia Boleh...

[Manthink]

This question was post to ChatGPT - What are Malaysias most critical socioeconomic challenges?

Interestingly, the AI break its reply in several levels...one mention why M'sians incoming are so low...

ChatGPT Reply:

Malaysia faces several critical socioeconomic challenges that have a significant impact on the country’s development and its citizens’ well-being. Some of the most pressing challenges are:

Income inequality: Malaysia has one of the highest income inequality rates in Southeast Asia. The top 20% of households earn almost 50% of the total income, while the bottom 40% earn only 14%. This disparity in income distribution can lead to social unrest, poverty, and unequal access to opportunities.

Unemployment and underemployment: Despite the government’s efforts to create jobs, unemployment remains a significant problem in Malaysia, particularly among young people. Many Malaysians also face underemployment, where they are employed but not in jobs that match their skills and education levels.

[Manthink]

Last time I hear my M'sian associates bragging how accessible their EPF fund is vs CPF withdrawal limits...Now we can see the result..

PM Anwar  warned that 81% of EPF (Bolehland version of CPF) contributors will not have enough savings to live above the poverty line after their retirement.
In a written reply to Al Jazeera, the EPF, which operates under the purview of the Ministry of Finance, said the uptick in withdrawals would have long-term implications for contributors’ retirement.

https://www.aljazeera.com/economy/2023/4...ithdrawals

[lioncityftw]

After decades of NEP....where is the result ?

....Poverty rate for Bumi was 7.2%, followed by the Indians (4.8%) and the Chinese (1.4%).
"Absolute poverty is measured through the poverty line income -  hardcore poor referred to those with PGKs of less than RM1,169 (S$353) while those in absolute poverty had an income of less than RM2,208. (S$667)


https://www.malaysianow.com/news/2023/03...ays-rafizi

All thanks for Mahathir. He makes the commoner Bumis even poorer except to enrich the Elite Bumis, LOL. Xia suay.

[Manthink]

All thanks for Mahathir. He makes the commoner Bumis even poorer except to enrich the Elite Bumis, LOL. Xia suay.

Hard to understand why a country that is x460 larger than SG with over 30 million pop continue to be damaged by a 97-yr-old guy who succeed to be that country's PM x2,

[sgh]

Hard to understand why a country that is x460 larger than SG with over 30 million pop continue to be damaged by a 97-yr-old guy who succeed to be that country's PM x2,

If they cannot manage their assets properly sell to us get instant cash lar. Why they so stubborn don't sell? Let it rot earn 0 dollars they also shiok? Don't get the common logic.

[debono]

Hard to understand why a country that is x460 larger than SG with over 30 million pop continue to be damaged by a 97-yr-old guy who succeed to be that country's PM x2,

Because the 97 year old fart, plays the Bumiputra card...........................

[Manthink]

Because the 97 year old fart, plays the Bumiputra card...........................

Hard to understand the power of Dr M for solely responsible for M'sian poverty by simply playing just one card...

[Manthink]

If they cannot manage their assets properly sell to us get instant cash lar. Why they so stubborn don't sell? Let it rot earn 0 dollars they also shiok? Don't get the common logic.

Bolehland naturally endowed with many "assets" from sand, water and cheap food...

And SG is more than happy to buy from Bolehland provided the price is right...

[sgh]

Bolehland naturally endowed with many "assets" from sand, water and cheap food...

And SG is more than happy to buy from Bolehland provided the price is right...

Problem is they don't want to sell so what price to say about? But lucky Tanjong Pagar railway station they willing to re-locate.

[Manthink]

Problem is they don't want to sell so what price to say about? But lucky Tanjong Pagar railway station they willing to re-locate.

That Tanjong Pg station and land deal must say "Thank you" to Najib....who interestingly says the credit should go to previous bolehland Gov..

And as with any dealing with our closest neighhor, the story was long and complicated...which ended up SG taking over the 999-years land from M'sia.

And yes, of course Dr M still KPKB now...

https://www.freemalaysiatoday.com/catego...agar-land/

[sgh]

That Tanjong Pg station and land deal must say "Thank you" to Najib....who interestingly says the credit should go to previous bolehland Gov..

And as with any dealing with our closest neighhor, the story was long and complicated...which ended up SG taking over the 999-years land from M'sia.

And yes, of course Dr M still KPKB now...

https://www.freemalaysiatoday.com/catego...agar-land/

The re-location is long overdue. Can you tell me which country is chop other country passport then chop own country passport when you exit your own country? Last time we chop Msia passport in  Tanjong Pagar railway station FIRST and then to Woodlands chop Spore passport. This is crazy out of the norm. With re-location everything back to normal. I exit Spore should chop Spore passport then upon enter Msia chop Msia passport and vice versa when come back.

[debono]

Problem is they don't want to sell so what price to say about? But lucky Tanjong Pagar railway station they willing to re-locate.

Bolehland had refused to sell river sand to Singapore for our land reclamation, and we had to look to Indonesia for this.  They are also reluctant to sell raw river water to us, but a 2061 agreement to sell raw river  water to Singapore at 3 Malaysian sens per meter cube had to be honoured..................................

[sgh]

Bolehland had refused to sell river sand to Singapore for our land reclamation, and we had to look to Indonesia for this.  They are also reluctant to sell raw river water to us, but a 2061 agreement to sell raw river  water to Singapore at 3 Malaysian sens per meter cube had to be honoured..................................

Knowing their style the word "honoured" hard to trust when it come from their mouth. But they big like Russia, Iraq so we small only can s*ck it up.

[Manthink]

The re-location is long overdue. Can you tell me which country is chop other country passport then chop own country passport when you exit your own country? Last time we chop Msia passport in  Tanjong Pagar railway station FIRST and then to Woodlands chop Spore passport. This is crazy out of the norm. With re-location everything back to normal. I exit Spore should chop Spore passport then upon enter Msia chop Msia passport and vice versa when come back.

That is the part of the fun being a close neighhour of Bolehland - At least ppl like Najib saw the stupidity of holding on Tanjong Pg properties when SG gov dangled a fatter carrot that he  could not reject - So 2010 we got the land and everyone happy ever after..

Still Bolehland continue to stuck in poverty. Why ?

[sgh]

That is the part of the fun being a close neighhour of Bolehland - At least ppl like Najib saw the stupidity of holding on Tanjong Pg properties when SG gov dangled a fatter carrot that he  could not reject - So 2010 we got the land and everyone happy ever after..

Still Bolehland continue to stuck in poverty. Why ?

Becuz Tanjong Pagar that piece of land so small not much effect. They should first try sell JB and then later whole Johor then they will be out of poverty.

[Manthink]

Becuz Tanjong Pagar that piece of land so small not much effect. They should first try sell JB and then later whole Johor then they will be out of poverty.

Sell the entire Johor state to SG gov ?

Dr M sure die-cock-stand...but Johorian and its sultan maybe quietly celebrating...

[sgh]

Sell the entire Johor state to SG gov ?

Dr M sure die-cock-stand...but Johorian and its sultan maybe quietly celebrating...

Even if agree to sell to Spore we got issue. Last time Johor got their own army. If say Johor sell to Spore the army how? Johor army will merge with us?

[debono]

That is the part of the fun being a close neighhour of Bolehland - At least ppl like Najib saw the stupidity of holding on Tanjong Pg properties when SG gov dangled a fatter carrot that he  could not reject - So 2010 we got the land and everyone happy ever after..

Still Bolehland continue to stuck in poverty. Why ?

A country becomes poor mainly because of corruptions, and Bolehland is notorious for corruptions, thru' all the various PMs from top to bottom of the administrations........

[lioncityftw]

Hard to understand why a country that is x460 larger than SG with over 30 million pop continue to be damaged by a 97-yr-old guy who succeed to be that country's PM x2,

It's a country ruled by Bumis due to their genes issue. Bumis are Austronesians like Pinoys. Due to their low IQ and laziness, these Maths Fail people can't even operate simple machinery let alone maintain them and can only handle simple living such as subsistence farming, agriculture and fishing.  No amount of religious brainwashing can change them, whether Islam, Hinduism or Catholicism.

Forcing them to live in the modern world will only bring forth more corruption, incest, drug-taking and bring more misery to their families, suffering and the society.

https://en.wikipedia.org/wiki/Austronesian_peoples

[Tee tiong huat]

Dr Mahathir claims Malays ‘lost everything’ after he was no longer PM in 2020...Former two-time prime minister Tun Dr Mahathir Mohamad today claimed that Malays lost everything after he resigned from office following the collapse of the Pakatan Harapan (PH) government in February 2020.

https://www.malaymail.com/news/malaysia/...2020/61703

Khairy still at crossroads as Bersatu ready to welcome axed Umno leader

KUALA LUMPUR – Former Umno man Khairy Jamaluddin has yet to decide on Bersatu’s offer to join the party and stand in the coming election in six states.

Bersatu information chief Datuk Razali Idris said the offer was made to Khairy by party president Tan Sri Muhyiddin Yassin in a meeting after the Umno man was sacked. The offer was for Khairy to run on a Bersatu ticket if the former Rembau MP was still interested in a career in politics.

https://newswav.com/article/khairy-still...304_beVgOz