Minimum Wage Move for Malaysia?

Malaysian Deputy Prime Minister said that the government had reached an agreement with the private sector on the need for a minimum wage policy.  Based on a certain website, it was rumored that the Cabinet had agreed to set a minimum wage of below RM1,000 for the 3.2million workers in the private sector, with a RM100 difference between states in the peninsula and East Malaysia.

The opposition has however said that the minimum wage should be set higher at between RM1,000 and RM1,200.   The Democratic Action Party's (DAP) Charles Santiago said, "A higher increase in minimum wage will increase productivity and innovation."

I am not sure how a higher minimum wage increases productivity and innovation. Anyone has any idea?

How Bad Do You It (Success)?

Giavanni Ruffin with the inspirational speech by Eric Thomas (a.k.a the hip hop preacher).  Enjoy.





 "And when you get to the point when all you want to do is be successful as bad as you want to breath, then you will be successful." - Eric Thomas

Dividends from Suntec REIT and First REIT

Received dividends of $24.79 from Suntec REIT and $193 from First REIT.  Not a bad month in terms of dividends considering that I also collected some dividends from Ascott REIT and Gamco just a few days back.

Dividends from Ascott REIT and Gamco Global

Received dividends of $609.45 from Ascott REIT and $31.59 from Gamco Global Gold & Natural Resources Trust.  Not bad for the month of February.

Will probably be looking at reinvesting the dividends into some other REIT.  There are quite a few REITs and I am thinking of diversifying across the various sectors (e.g. industrial, commercial, residential, hospitals, hospitality , etc).

Will probably need to give it further thought.

GoodBye PageOne, You Will Be Missed

PageOne closes down.  So another bookshop closes.  First it was Borders at Wheelock, then it was PageOne at Vivocity and now Harris at Great World is also closing down.

It just seems that bookshops are not able to be profitable nowadays.  Or is it simply the case that Singaporeans don't really read anymore?  I mean there are so many things online for us to read that we don't want to fork out the money to buy a book.  I think very little people actually spend more than $100 a month buying books.  We could easily spend that amount in a single day on a good meal.  But not on books.  Sadly.

And so the bookshops all around us are closing down.  High rent is one factor.  But I think most bookshops probably have very low profits.  And it doesn't help that people are also buying books online nowadays.

Bye bye PageOne.  You will be missed.

Maximum Number of Posts for Blog on Blogspot or Blogger

Just found out that Google does not limit the maximum number of posts once can have for a blog.  That's right!  The maximum number of posts for a blog on blogspot or blogger is infinity.  One is entitled to an unlimited amount of posts though there is a limit of 100 blogs per user.

That gets me wondering.  Is it possible to really have 10,000 or even 100,000 posts on a blog.  What kind of blog will that look like?  Is there even such a blog around today (like a world record for most number of posts on a blog)?

I really really wonder.

Fortune REIT

Bought Fortune REIT some days back.  Cannot remember when.  First time I have entered into this .  I like the brand name behind the REIT that's all.  The exposure to retail malls in Hong Kong was also a factor.  Just wanted to diversify out of my Ascott REIT, First REIT, etc holdings that I have.  Well, Li Ka Shing owns Cheung Kong which listed Fortune REIT.  So that is a plus point for just owning a small investment in Fortune REIT.

Also collected my first cheque for Gamco Global Gold Trust.  After deducting withholding tax and stuff, I only pocketed slightly over S$30.  Bleah..