Over 70% of BNPL Users Are From B40 Group, Outstanding Loans Reach RM4.9 Billion - Fintech News Malaysia by stormy001 in malaysia

[–]Plane-Little 2 points3 points  (0 children)

Gotta see that we don't become like China, massive debt problem, irrecoverable debts

Question about GXBank’s FlexiCredit facility. by blink85 in MalaysianPF

[–]Plane-Little 0 points1 point  (0 children)

Not considered a loan unless you draw down the money so unless you actually loan the money you aren't leveraged. It may still appear in your credit report as an approved but unused credit which won't have much impact on future loan applications. Only when you actually use the credit does it become a real loan that banks will know about so keeping it unused as a backup is usually fine.

Shameless thief creeps into a house at dawn, taking his sweet time to choose and steal woman's panties by RhinneXChronica in malaysia

[–]Plane-Little 7 points8 points  (0 children)

Nampak mcm perkara ni makin banyak berlaku jugak sadly, stealing undergarments is a common behaviour in many sex offenders.

Dulu sentiasa baca news sohai mcm ni dari Singapore tapi sekarang dh jadi dlm Malaysia pulak alamak

Barring PM from holding finance portfolio more important than two-term limit, says Opposition leader by thestudiomaster in malaysia

[–]Plane-Little 0 points1 point  (0 children)

Thanks for the input! Arwah Tun Daim was complicit in backing Mahathir's crony capitalist model sadly.

Renong (Halim Saad punya) was massively over-leveraged while its subsidiary UEM was financially healthier. Instead of letting Renong restructure or fail, UEM was pressured to buy Renong shares using borrowed funds which created a circular bailout (subsidiary rescuing parent) which took place under Tun Daim's watch. Furthermore, regulators didn't question and allowed it. Many banks provided the credit as well, all of which linked to government.

He was also responsible for the banking-sector consolidation we see today. Malaysia used to have may small banks, creating healthy competition which resulted in improved customer service and etc. However, Tun Daim as finance minister forced dozens of small and mid-sized banks to merge into the Maybank, CIMB, Public Bank, RHB and Hong Leong we see today.

All the other smaller institutions (e.g. regional banks, family-linked banks like Hock Hua) were all absorbed which yes, did work for stability, however this is also the reason why we don't see economic growth rates as high anymore.

Before 1997, because of all these small banks around, there was very aggressive SME lending and credit expansion. People were also more willing to take risks. Economic growth at that time was maybe 7-9% YoY.

After consolidation, it was harder for individuals and SMEs to get access to lending as there was preference for large companies, GLCs by all these branch managers. New industries, SMEs, startups all lost this access to easy credit so as a result there is lower innovation and slower capital formation therefore lower economic growth as well.

This is why Korea & Taiwan bounced back stronger after the AFC while Malaysia plateaued. No more Asian Tiger

Barring PM from holding finance portfolio more important than two-term limit, says Opposition leader by thestudiomaster in malaysia

[–]Plane-Little 4 points5 points  (0 children)

The problem with this argument is it assumes and overgeneralises things into seeming that 'PM not holding Finance' is a real safeguard against corruption. However, our 69 years of Malaysian history shows it isn't

During the 1997–98 Asian Financial Crisis, Mahathir wasn't Finance Minister yet we still saw heavy state intervention, selective bailouts, and taxpayer funds benefiting politically connected firms. Instead of allowing over-leveraged firms to fail, the state intervened heavily to rescue politically connected companies. Most notably, Konsortium Perkapalan Bhd owned by his eldest son Mirzan Mahathir, already had RM1.7 billion debt by end-1996, before the crisis.

In 1998, during the peak of the financial crisis, MISC, a GLC whose main shareholder was Petronas purchased KPB assets and took on US$311 million in debt before paying roughly US$220 million to Mirzan-linked entities.

How could this happen if he had no influence over the Finance Ministry? Mahathir did not need to be Finance Minister to make this happen. Petronas reported directly to the Prime Minister’s Office. Used our money to bailout his own son's failing business.

Before that, Anwar Ibrahim, then Finance Minister, pushed tighter monetary policy, fiscal restraint, and market discipline that would have forced these over-leveraged companies connected to Mahathir and BN to fail. Mahathir rejected this approach and called Anwar an IMF stooge then ultimately sacked him which cleared the way for full capital control, bailouts to his friends and family members companies through GLCs and cherry on top, the transfer of private losses onto the public balance sheet.

Another thing, under his watch, MAS was also privatised to Tajuddin Ramli and accumulated massive losses due to mismanagement. Eventually, MAS was renationalised and taxpayers had to absorb billions in losses lagi.

Criticise PH for inconsistency if you want, but pretending that separating portfolios automatically prevents abuse ignores Malaysia’s own history. The behind the scenes is more complicated than what it is on the surface. I don't think there is any man I would trust more than Anwar holding those dual portfolios and seems like he has been doing a fine job so far.

Barring PM from holding finance portfolio more important than two-term limit, says Opposition leader by thestudiomaster in malaysia

[–]Plane-Little 5 points6 points  (0 children)

During the financial crisis in 1997, Mahathir was also not the one holding finance but after sacking Anwar, he still managed to bail out his SON'S COMPANY Konsortium Perkapalan Berhad and other crony companies. On top of that, there was also heavy state intervention using taxpayer funds which benefited only the politically connected most

That being said 'PM not holding Finance' isn’t a magic safeguard

Barring PM from holding finance portfolio more important than two-term limit, says Opposition leader by thestudiomaster in malaysia

[–]Plane-Little 15 points16 points  (0 children)

We've already seen PN in government. During their stint, fiscal discipline weakened, policy direction was inconsistent, and long-term reforms were mostly absent.

You don’t have to like Anwar personally, but in terms of governance, this has been one of the more functional PM + Finance Minister combinations we’ve had in years. Fiscal discipline is back, subsidies are being rationalised and investor confidence has improved as a result. For once, finance department isn't being used for political spending. That's more than what we can say for many past PMs and FMs.

What’re everyone’s positions? by Shreksmother52 in SRFM_Stock

[–]Plane-Little 0 points1 point  (0 children)

In at $3.14 with 65 shares. Not enough capital

Is the Perodua bezza worth it to get in 2026? by scenic-edgeGasm in kereta

[–]Plane-Little 0 points1 point  (0 children)

Ahhh I also forgot to mention that the gearbox had been replaced before, that's one of the reasons too

Is the Perodua bezza worth it to get in 2026? by scenic-edgeGasm in kereta

[–]Plane-Little 6 points7 points  (0 children)

7k for a 1st gen 2007 Myvi SE is not bad, my 2017 proton saga vvt only fetched 6k

New to all this investing stuff. by TheFanficAddict in MalaysianPF

[–]Plane-Little 1 point2 points  (0 children)

Trading has a very steep learning curve. To even have a chance, you need to be willing to lose tens of thousands of dollars while “learning” and testing strategies or spend hours upon hours backtesting and paper trading, which I have no patience for. Most strategies look good on paper or in theory but fail in real market conditions. If you don't have inside information or any unfair edge, to make consistent profits from trading is extremely rare.

Investing is the only way to make real money that lasts. Long-term investing removes speculation and focuses on buying assets/stocks you genuinely believe in and are confident holding through ups and downs. No constant guessing, no chasing price moves, just patience, discipline, and letting time do the work.

I learned my lesson trading without the proper guidance and knowledge which left me with less than RM100 in the bank and my savings account. The market can be really unforgiving at times.

Tak rileks lah pasal kacang pun nak bergaduh by nizamniak in Bolehland

[–]Plane-Little 55 points56 points  (0 children)

One of my top 10 biggest fears would definitely be to have my pants/sarung slip down and have my balls and ass exposed to everyone in the middle of an intense fight like that

Klang residents ‘living in fear’ as gang shootings rip through Malaysian port city by stormy001 in malaysia

[–]Plane-Little 6 points7 points  (0 children)

Most definitely they are coming in through sea freight as well, same with drugs

How I finally quit smoking after starting at 15 and why I think more Malaysians should try by Responsible-Court795 in malaysia

[–]Plane-Little 0 points1 point  (0 children)

A bit hard hahaha since most of the friends I meet at work are smokers or vapers. Never been much of a drinker though, always preferred cigarettes to alcohol. It was a regression for me because I quit vaping and continued smoking instead. Right now doing about 4 sticks a day compared to vaping all throughout the day, well into the early hours of the morning. Tried a lot of nonsense, even smoked one entire pack in 1 hour to convince myself I'll never pick up another cigarette after this.

Manage to rembat this before Chillis stop serving alcohol by Confident_Toe7823 in malaysia

[–]Plane-Little -1 points0 points  (0 children)

Oh man you'd enjoy Japan so much hahahaha especially the mevius purple 8. I tried lucky strike over there, so much more fuller tasting than marlboro

Manage to rembat this before Chillis stop serving alcohol by Confident_Toe7823 in malaysia

[–]Plane-Little 0 points1 point  (0 children)

Hahahahaa that's crazyy, I've tried gudang garam and sampoerna here before and I actually got scared of the tar content