Saturday, December 20, 2008

The Making of Good News

Good News:

Government servants can borrow more money to buy cars and houses.

The government will allow its servants to extend their housing loan repayments from 25 years to 30 years and will give higher car loans and longer repayment period in a move to boost car and house sales to stir the economic activities.

The government may also be considering to extend the loans repayment period beyond the useful life of the human so that their children can continue repaying those loans. This si similar to the Hong Kong Financing Model which allows a borrowers' children to inherit those liabilities and debts.

Goods News on Petrol Prices

Govt capped price of petrol at RM2.70

To protect the consumer and to cap inflation, the government has decided to capped the ceiling price of petrol at RM2.70. Consumers will not pay more than RM2.70 per litre for petrol next year even if global prices of crude oil escalates.

Domestic Trade and Consumer Affairs Minister Datuk Shahrir Samad said: "We want to keep the price of petrol low so that the people have more cash in hand to spend as this will help spur economic growth and activities."

Crude Oil drops to US$33.87 per barrel

Meanwhile, Crude oil price fell to its lowest to an all time low at US$33.87 per barrel after reaching the high of US$145.85 on 3rd July 2008.

Crude oil is now at its lowest in 4 1/2 years despite OPEC cutting output by 2.6 million barrels a day on 17th December 2008.

Oil consumption is expected to continue to drop next year.

There is a supply glut and it is expected to face a steeper decline in consumption over the next year.

Good News: Mugabe said African Nations are not brave enough to ousted him

Zimbabwe President Robert Mugabe said he do not know of any African country that is brave enough to topple him.

Meanwhile, hyper-inflation has forced Zimbabwe's central bank to issue 10 billion Zimbabwe dollar (worth US$20 on the black market). There is also 5 billion and 1 billion banknotes.\

All Zimbabweans are billionaires. This is a world record for a 4th world nation and should be accorded the BOLEH status.

2 comments:

hampugheh said...

Ini satu berita yang baik. Tapi bagi mereka yang nak meminjam untuk membeli tu perlu berhati2. Jangan terlalu ikutkan nafsu.

Maverick SM said...

hampugheh,

Betul, betul, betul.