Malaysian & World Financial Daily Roundup: Malaysia Budget 2015 revision; Asian currencies fall; Ellon Musk & Google SpaceX Satellite Internet; Riana Dutamas (IJM Land) Announced; Factor C!
Malaysian Budget 2015 Revision Highlights:
- To counter shortfall RM13.8b mainly from crude oil prices est USD55 vs forecast USD100 per barrel
- Deficit 3.9% (instead of forecast 3%). Fiscal measures to reduce deficit to 3.2%
- Confident of acheving GDP growth 4.5-5.5% (Earlier forecast 5-6%))
- 2015 National Service stopped saving RM400mil
- Electricity tariff increase postponed
- Waiver of visa fee (0 payment, not visa waiver) for tourists from China to boost tourism
- Levy on foreign workers to be reviewed
- Priority in project tenders to local contractors registered with CIDB
- Local contractors given task of repair works on flood-hit areas
- Increased promotion of Malaysian-made goods
- Extending mega sales duration nationwide
- Encouraging domestic tourism via competitive flights pricing
- Gas price hike for industrial sector postponed
- High priority projects to continue (e..g MRT Line 2, LRT 3, KL-SG High-Speed Rail) but low impact projects may be deferred
- SME Bank to introduce SME-Go (an export programme for SMEs)
- In 2015 May, 11th Malaysia Plan (11MP) will be tabled
- More info:
http://www.thestar.com.my/News/Nation/2015/01/20/Budget-Revision-Najib/
http://www.thestar.com.my/News/Nation/2015/01/20/Budget-Rivision-Full-Speech/
Asian currencies largely fall except China Yuan
Tech: Elon Musk’s SpaceX mega satellite internet plan
- Google may invest valuing SpaceX at $10b
- Global internet connectivity
- Launching 700 interconnected satellites
- https://gigaom.com/2015/01/19/elon-musks-satellite-plan-project-loon-without-helium-or-latency/
http://arstechnica.com/business/2015/01/google-might-pour-money-into-spacex-really-wants-satellite-internet/
Properties: Riana Dutamas Announced
- Service Residence & Commercial
- Freehold
- IJM
- KL (Jln Segambut)
- http://rianadutamas.ijmland.com/
Self-Development: Forget MBTI?! What is Factor C!?
- Superstars? Not a team player? (Here’s looking at you early years Jordan)
- MBTI inaccuracy up to 50%! Yet used by 90% major companies in US
- Make others better – mysterious Factor C?!
- Factor 1: A measure of collective IQ
- Factor 2: Unevenness of participation/dominance
- Factor 3: # of women in team (!)
- Factor C better measure & predict team performance
- https://www.linkedin.com/pulse/forget-myers-briggs-build-great-team-focus-factor-c-cass-sunstein
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