Friday, October 23, 2009

Santa Najib's Goodies For 2010...But Credit Card's a Problem

Let's see...goodies from Big Mama for 2010:

1. Personal relief from 8000 to 9000
2. Broadband relief of $500 cap for three years - can cover at least half of total paid per year.
3. EPF / Insurance coverage up to $7000 from $6000
4. Rate cut to 26%.

Okay, fine it's okay. But politically, speaking, it's Big Mama and Santa Najib's giving out the Christmas goodies in exchange for the support to the BN government thing. Hold your horses and look at this piece:
Pegawai kanan Kementerian Kewangan dikatakan semakin gusar dengan campurtangan Rosmah Mansor, isteri Perdana Menteri, dalam urusan Perbendaharaan Negara, termasuk penyediaan Belanjawan 2010 dan pemberian kontrak dan tender kerajaan.

Sumber-sumber kerajaan berkata campurtangan itu sudah di "tahap kritikal' dengan Rosmah mempertikaikan keputusan tertentu Muhyyiddin Yassin dan Ketua Setiausaha Negara Mohd Sidek Hassan.

Campurtangan Rosmah itu tidak menerima sebarang teguran daripada Najib walaupun beliau adalah juga Menteri Kewangan.

Sumber-sumber memberitahu Suara Keadilan, Rosmah menaruh minat yang amat mendalam terhadap penyediaan Bajet 2010 yang akan dibentangkan oleh Perdana Menteri di Parlimen pada sesi Persidangan Dewan Rakyat 23 Oktober depan.

So it's literally Big Mama's goodies for the year of 2010.

The one thing about credit cards? $50 per card service charge annually.

Dang...the problem is that the banks are also charging the annual fee. If your card is charged an annual fee by the bank, and you pay another $50 per card, then I think it's like a riba - asking more of a pound of flesh. That will be a problem. Unless if banks say that the annual fee that you pay, $50 of the amount will be part of it...fine, but an addition to that will make users complain.

Let's just see whether people will complain about that.

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