I read a news report that the Malaysian Government now officially allows its civil servants to do part time work to earn a supplemental income to meet the rising cost of living.
There is a risk that the civil servant may abuse their official position for personal advantage. I wonder how they will manage this risk?
But the underlying problem is the need to give higher wages, at a time when the Malaysian Government face a budget constraint.
What is the solution? Can the free market capitalist system find a solution? Financial speculation, which is a key part of this system, appears to be the major source of the problem.
- ► 2013 (306)
- ► 2012 (1270)
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06/08 - 06/15
- Insuring the risk of high inflation
- Civil servants and part time jobs
- Terminal bonus lead to Equitable Life's failure
- Principal Guaranteed, Principal Protected
- Can you read this?
- Another new structured product
- Public Facilities need to be improved
- New Zealand Dollar Deposit
- Comment - risk of high terminal bonus
- Danger of unfunded terminal bonus
- Heavy burden of debts
- Lessons from Equitable Life - high terminal bonus
- Money Market Fund - drop in price
- Cash value on education policy
- Personal savings to supplement our CPF
- Personal accident insurance
- Investing in Foreign Currency Deposits
- POEMS (Phillips Securities)
- Tips for Seniors on Investments
- Financial Speculators
- Life insurance up to age 65
- ▼ 06/08 - 06/15 (21)
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