Nuff-Nang'er

Tuesday, January 18, 2011

Islamic finance in the US

Islamic finance in the US

It is a very interesting article. How do I view it ? It is an example how one use similarities rather than differences to move forward [ Islam and Hebrew prohibits "riba"] . Well, people may argue this as if we are supporting the Jewish to destroy Palestine ! If you read carefully. First, people desperately need help to finance their business, and Devon Bank helps them. Secondly, from my readings there is HUGE difference between Jews and Zionist. Thirdly, I leave it to the individual to use wise judgment to make decision !

How do I view this, muslims all over the world shall emulate Devon Bank !

DISCLAIMER:Notice :Opinions, stories , thoughts expressed are blogger's own and do not necessarily represent the views of the institution or the organizations by which the blogger is employed or any specific person who so ever, either dead or alive.Hi! I am a green e-mail! Unlike my brothers and sisters, my presence on the Internet does not harm our environment.Please go to greenscroll.org and help make the Internet green like me!

Monday, January 17, 2011

MRT may cost over RM36.6bil

MRT may cost over RM36.6bil

It is nothing new and as expected. The " business community" will start doing the necessary to get the stations located as close as possible to the existing commercial centre and township. Some even go for extra mile for lobbying to be closed to the future development areas.

Personally, I have no issue with this but if this "lobbying" cause the cost of MRT development projects to balloon from the estimates, " Hello ! what is happening here ? ". I for one, being the potential user of this MRT would want everything within walking distance- like in Paris, London, Vienna and Rome.

The government shall not lose sights and shall put the feet firmly on the ground, that the development shall benefits all walks of people and not " certain and special groups of people". So, the voice of this majority of the people shall come first. I have read the plan that the MRT development will emulate the one in Hong Kong, where the company responsible in managing the MRT system also involve in "ancillary business" that very much related to the MRT system such as property business. It is a well known the fact that MRT and similar business in any part of the world is hardly making money. As such the ancillary income will eventually finance the MRT system operating expenditure rather than depending on government coffer, which is common sense and logical things to do/ This shall also motivates the operator of the train system to be effective and efficient to increase ridership which translate to higher income.

Have we not learned from the lessons of the existing trains- Putra, ERL, Monorel and STAR LRT ? If we do not learn anything from it, then we are actually making a BIG blunder [ mistake is just too kind choice of words] at the expense of public fund.

In then end of the day, the project owner will not be able to satisfy all the people and groups of people. However, the most important thing is to satisfy majority of the people who will be utilizing the public transport and not groups of people who are driving around to the office driving Mercedez Benz, BMW, Audi and other luxury cars. Am I being jealous ? Not at all :)

I have read that project implementer i.e. SPAD will invite public views on the routes somewhere in March 2011. This is my proposal, rather than merely a showcase of the project, SPAD shall hold a " referendum" and seek agreement from people from Sg. Buloh to Kajang [ within the radius] as to where they want the location of the stations to be. The government to come out with possible and feasible routes and let the majority of the people vote through referendum -only the eligible voters can cast the ballot. How about that ?

Alternatively, ask the lobbying parties to partly finance the projects so that government will be able to save public funds to be utilized for other ETP programs. There is no such things as free lunch, more so in today's world. This shall be deemed as part of their Corporate Social Responsibility [ CSR] on part of the business community.

I am allergy to hear the word " increase in cost ", "exceed the budget", " balloon cost" and words with same family name.

DISCLAIMER:Notice :Opinions, stories , thoughts expressed are blogger's own and do not necessarily represent the views of the institution or the organizations by which the blogger is employed or any specific person who so ever, either dead or alive.Hi! I am a green e-mail! Unlike my brothers and sisters, my presence on the Internet does not harm our environment.Please go to greenscroll.org and help make the Internet green like me!

Friday, January 14, 2011

My Vu: Post Malaysia Bank in the pipeline ?

Pos to offer selected Maybank services

It barely more than 2 months [ I think] when I first read POS Malaysia signed an agreement with RHB Bank and now yet with another bank i.e. Maybank. Will this another initiative by the POS Malaysia management as part to increase and diversify its revenue and eventually, profitability as the demand for conventional mailings and stamps is forecast to be in declining trend due to social media presence and dominance ?

How do I see this ? Is POS Malaysia acquiring all the skills and experiences both technical and functional to eventually operate a bank on their own ? If I were to look the types of products and services that are currently offered by POS Malaysia will they have their own banks similar to ;

1. Postal Bank Philippines
2. Deutsche Postbank
3. Tanzana Postal Bank
4. Japan Post Bank

I do not have the answer myself, and not predicting anything . One thing for sure POS Malaysia the boasts for its largest number branches, offices all over Malaysia and a brand that is so close to the heart of all Malaysians.

Read more the following article to understand more ;

Japan Post
Proposal of UK Post Bank

DISCLAIMER:Notice :Opinions, stories , thoughts expressed are blogger's own and do not necessarily represent the views of the institution or the organizations by which the blogger is employed or any specific person who so ever, either dead or alive.Hi! I am a green e-mail! Unlike my brothers and sisters, my presence on the Internet does not harm our environment.Please go to greenscroll.org and help make the Internet green like me!

Volunteering with AFID: First step- Done !

I did mention in my earlier post, that I need to make the first step in order to materialize my plan, of which I did immediately after posting my thoughts for the day and weekend. I received email reply, and here it is ;

Hi Irwan

Thank you for your interest, its great to hear you are considering sharing your much needed skills and experience. You will find lots of information about our programme on our website www.afid.org.uk including FAQs, blogs, interviews, assignment costs and the details of our partners work. There is also a number of recent news items on our Facebook page. If its something of interest I would recommend reading through the website and if its still of interest that we schedule a call to discuss the programme and your interest in more detail. Im sure you have lots of questions.

I look forward to hearing from you.

Neil


Even though I have done that reading, but I guess I should have browsed and explored every pages of the website, which I will do ..

Wish me luck !

DISCLAIMER: Notice :Opinions, stories , thoughts expressed are blogger's own and do not necessarily represent the views of the institution or the organizations by which the blogger is employed or any specific person who so ever, either dead or alive. Hi! I am a green e-mail! Unlike my brothers and sisters, my presence on the Internet does not harm our environment. Please go to greenscroll.org and help make the Internet green like me!

Volunteering for Accountant

I was reading an article about one volunteer who recently participated in one of the programs organized by Accounting for International Development, with great interest.

Off late, it has been my interest to be involved in this type of activities, as a way of me giving back to the society. I have been involved in other type of volunteering activities in Doha, Qatar but not not related to my profession as an accountant or shall I say specifically my skills as an accountant. So, the article really come at the right time. However, I have the same doubts about myself whether I can actually doing it ? a lot of things are going on in my mind while the clock is tickling "tik tok tik tok" . However, I shall make at least the first move by contacting the opportunity to start and be part of them. While people are on their summer vacation or enjoying the beach, why not I am to be part of the programs right ? Why shall I hesitate if it is something for good cause ? Right ? 
    Photo belongs to AfiD Below one of the article about one of their project in Cambodia.
    In a country gripped by intractable poverty the weakest are the hardest hit, perhaps nobody is more vulnerable than the youngest and disabled. Deafness is one of the most severe and least recognized disabilities. When ears are injured or permanently harmed it can cause lifelong damage. The effects, especially on children, can be devastating. In children it impairs development of language and speech which in turn can dramatically slow progress in education. In adults it causes vocational and economic difficulties. While in the elderly it leads to loneliness and neglect. All Ears Cambodia was created not merely to provide essential medical help but because it is a basic human right for all children and adults to be free to live in health, peace and dignity. It is the only aid organization providing ear and hearing medical services for all Cambodians from newborns to the elderly. It prides itself on its ability to build partnerships with government bodies and institutes, hospitals and schools, and the communities in which people live. All Ears Cambodia focuses on the weakest and hardest hit. Target groups include:
  • Profoundly deaf children
  • Deaf-blind children
  • Orphans
  • Children infected with HIV
  • Former child labourers
  • Street children
  • Victims of domestic violence, or trafficking and prostitution
  • Poor communities within regions without any access to specialist health care
  • Read more at All Ears Cambodia

    DISCLAIMER: Notice :Opinions, stories , thoughts expressed are blogger's own and do not necessarily represent the views of the institution or the organizations by which the blogger is employed or any specific person who so ever, either dead or alive. Hi! I am a green e-mail! Unlike my brothers and sisters, my presence on the Internet does not harm our environment. Please go to greenscroll.org and help make the Internet green like me!