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Wee~! I see $_$!!


I wasΒ reading The Malaysian Insider and I saw some interesting comments. I ‘presented’ a similar proposal to Noktah Hitam and Cibol that day πŸ˜› No theyΒ were not interested. I am not exactly a crook, trying to take an advantage of the situation and I do not have the money either hehe.. More important isΒ this highlights how lousyΒ our government in making plans and implentations.

Here’s a money-making scheme. Well if I don’t do this, somebody will, eventually.

I’m going to go out and buy 4 more of those RM800 all-but-broken-down 1979 Mazda/Suzuki/Nissan. Then I will buy another 5 for my father (who has a license), 5 for my mother (who has a license), 5 for my handicapped tenant (who will get a license by bribery), and 5 for each of my 2 children, as soon as they are permitted to get a license …

Then we will apply for the subsidies, and we should be getting RM625 for each car from POS. Then we need to pay about RM90 for the discounted road tax. We net RM535 for each car.

Woo wee! That is 67% annual return! (535/800)

Other than my first car, we don’t really drive all the other 23 broken down cars. We have zero fuel cost there. So we have 23 “investment” cars costing us RM18,400 one time cost, and RM12,305 yearly subsidy income less road tax. Just sitting there, making the money from subsidy!

Beats fixed deposit any time. Investment recoup in less than 2 years! What business on earth will give you 67% return every year? Only in Malaysia. Malaysia Boleh again!

May be it’s a Finance Ministry conspiracy to revive the second-hand Proton market.

Now, I only need to find the parking space …

But then I don’t even have to. Junk metals are selling at a good price these days.

****************

This cash subsidies for fuel will give rise to “phantom cars.” This is especially easy later, when the government allows agents to cash the subsidies (without owners having to appear in person) because of the immense workload. This WILL happen, as soon a you realize there will be a few million car owners mobbing the 683 post office.

Even after a 40-year-old car is smashed into junk metal, its “paper-soul” (ownership certificate) will live on forever. The paper will be traded around, for buyers to collect, farm-out, and register in the names of relatives, maids, homeless people, deceased voters, etc.

The main broker then collects government subsidies yearly. It is a legitimate business for Ah Long to enter into. Also for DVD pirates and retired grandpas.

The broker/entrepreneur can also repackage and sell a whole stack of certificates around. Investors will bid up the price until the return falls toward a business-return rate, say 20%, but not as low as the nearly risk-less bank deposit rate.

That means, a RM1,000 old car certificate can probably rise 3x or so to RM3,000 when sold as a stack of ownership certificate. The first-comer broker/entrepreneur will then pocket the capital gain. The late comer collect the steady stream of subsidies. This is an innovation similar to real-estate or credit-card “securitization” that is causing so much trouble in World finance today.

Malaysia will be awash with phantom cars, which do not appear in traffic or car parks. Only in government records. Just like some of our voters.

****************

Same with Selangor water.

If I need to use more water than the basic amount, I’ll just apply for a second tap in my mother’s name. And a third water meter, in my grandfather’s name. And a fourth water meter in my maid’s name.

Then I can use 4x minimum amount! Free.

I can even sell water… to the tourist and restaurant next door …

****************

So I heard Pos Malaysia is making a killing.. Ten percent – 10% service charge for transactions done at their counter? 10% is a lot! Just for the latest hoo haa.. the fuelrebate, 10% out of RM625 is RM62.50 and registered vehicles in Malaysia is around 12-15 million? Well, let us put the estimated number of cars in Malaysia eligible for the fuel rebate at 6 million.

RM62.50 x 6 mil = RM375,000,000. Even just one percent – 1%Β is a staggering figure of RM37.5 million.

Millions to be collected, just from the petrol rebate ‘exercise’. So, why wait? Go and buy Pos Malaysia shares now πŸ˜€

ps: Ehem, I heard RUMOUR that Pos Malaysia is belong to ECM Libra. Question, who owns ECM Libra? 😈

pss: RUMOUR not to be taken seriously πŸ™‚ Rumour is akin to masturbation, it is just for self satisfaction. Nyahahahaha!

psss: Scrap metal now is around RM300- RM400 per tonne now. Go do your own calculation. :grin:Β Find your buyers here. Scrap metal now is around RM300- RM400 per tonne now. Go do your own calculation. Find your buyers here. Malaysia has among the highest scrap metal buyers according to that website!!! No wonder manhole covers, drain gratings or anything metal around us are missing!! :vangry:

Β 

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37 Responses to “Wee~! I see $_$!!”

  1. angeles wrote on Jun 17, 2008 at 4:32 pm

    Buy 5 for me too? πŸ™‚

    [Reply]

  2. foongpc wrote on Jun 17, 2008 at 4:38 pm

    Yes, I’m pretty sure people out there is taking advantage of this rebates with their old cars. Wah! I also want to be an agent for paying out the rebates like Pos Malaysia. RM62.50 for each payout is pretty good! πŸ˜†

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  3. mrcoolku wrote on Jun 17, 2008 at 4:39 pm

    wao, really salute you. it is really a good business. i never think about that. msia governments always do thing without much thinking. haiz..

    selling as a scrap metal is not really benefit lar. we can open car rent company ma. more promising future. muahaha..

    [Reply]

  4. bongkersz wrote on Jun 17, 2008 at 4:42 pm

    car toys i mampu πŸ˜€ mau? πŸ˜› kalau tak mau car toys.. er… ehem.. apa toys mau?

    [Reply]

  5. angeles wrote on Jun 17, 2008 at 4:45 pm

    toys… hmmm… *kinky thots*

    mau yang ITU lar… tau?? πŸ‘Ώ

    [Reply]

  6. bongkersz wrote on Jun 17, 2008 at 4:53 pm

    er ITU aper? hahahaha~

    [Reply]

  7. bongkersz wrote on Jun 17, 2008 at 5:04 pm

    no need so greedy, getting 10% commission. 1% is enough! i sort of remember someone told me that for postal orders.. pos malaysia charge you rm2 per piece?? say rm50 postal order, get RM2 commission, that’s 4% πŸ˜€ And Pos Malaysia has no competitor, it is a damn monopoly!!!

    [Reply]

  8. bongkersz wrote on Jun 17, 2008 at 5:06 pm

    open a car rental company? πŸ˜› no bad idea.. if you have 200 cars.. wah.. apart from renting it out, can get cash rebate, earn from rental fees.. πŸ˜€

    [Reply]

  9. suituapui wrote on Jun 17, 2008 at 5:12 pm

    What? You calling me?….And then you talking about me kah? – “Also for DVD pirates and retired grandpas.” Who are you calling retired garndpa hah???? 😑 😑 πŸ˜†

    [Reply]

  10. oOFooi wrote on Jun 17, 2008 at 6:09 pm

    Will this work??

    If the government saying change again then how ?? You lose rite?

    So much of commission.. lol ..

    [Reply]

  11. NoktahHitam wrote on Jun 17, 2008 at 6:20 pm

    ECM Libra does not have a single share at Pos Malaysia. Khazanah is the biggest stake holder with 30%.

    10% from each Money Order? I dont think so. It’s 5% if Im not mistaken. For every RM5, 25 sen as commission. The money is rotated back into Gov. Bijak? No. Gov tetap bodoh.

    I thought it was quite clear that a single IC could only get a rebate for 5 cars. (Stupid gov, where got middle class people owns 5 cars!). Albeit 2 is enough.

    [Reply]

  12. jadie wrote on Jun 17, 2008 at 7:03 pm

    i’ve been reading a few of comments in this blog..always interested in comments by NoktahHitam..just out of curiosity, which industry group he belongs to?

    [Reply]

  13. NoktahHitam wrote on Jun 17, 2008 at 7:46 pm

    Me? Im just running a small scale web studio πŸ˜€

    It’s not where I belong, it’s whom I hang out with.

    [Reply]

  14. NoktahHitam wrote on Jun 17, 2008 at 7:48 pm

    Toys reminds me of the dildo my gay friends got me. They thought I was gay too. Hahaha

    [Reply]

  15. NoktahHitam wrote on Jun 17, 2008 at 7:48 pm

    Company car not entitled la (I think).

    [Reply]

  16. bongkersz wrote on Jun 17, 2008 at 8:06 pm

    noktahhitam: hmm… avenue capital resources under ecm libra previously has around 80 million shares in Pos Malaysia, then distributed it back to the shareholders during the restructuring exercise where each shareholder will receive 0.0924 Pos Malaysia share for every share held – or 92.4 shares per 1,000 ACRB shares held, or 1 Pos Malaysia share for every 11 ECM shares. Well, old story perhaps. doubt kj’s 11 million shares that he ‘disposed’ worth that much now. somebody just digged it out of no where nyahahahahaha! πŸ˜€

    yes, a single IC could only get rebate for 5 cars, hence the distribution of car ownership for his mom, father, bro, uncle.. πŸ™‚

    so, every rm625, pos malaysia get rm31.25, well, total passive income from rebate still a whooping figure of 187.5 million! :up: :up:

    ps: pak lah owns khazanah and kj has his machais inside there anyway πŸ˜€

    [Reply]

  17. bongkersz wrote on Jun 17, 2008 at 8:07 pm

    jadie: hai jadie πŸ™‚ didn’t see you around for quite a while.. πŸ™‚ noktahhitam is jack of many trades πŸ˜€ πŸ˜€ πŸ˜€ i leave it to him to answer your curiosity.

    [Reply]

  18. bongkersz wrote on Jun 17, 2008 at 8:09 pm

    put it to test bro.. then only we know it works or not πŸ˜› on paper… looks good! πŸ˜€

    [Reply]

  19. bongkersz wrote on Jun 17, 2008 at 8:10 pm

    you a grandpa already? if not.. then it’s not you kakakakakakaka!

    [Reply]

  20. bongkersz wrote on Jun 17, 2008 at 9:07 pm

    why they thought you are gay? πŸ˜€ because someone thought i was gay too. he’s around here.. in my blogroll.. 😈 oh.. gays give dildo as gift? πŸ˜€ πŸ˜€ nyahahahahaha! so, where’s the dildo now dude? you sold it on lelong.com or ebay? haha.. lol

    [Reply]

  21. bongkersz wrote on Jun 17, 2008 at 9:08 pm

    register it under personal name then. must have a lot of shareholders.. kakakakaka! too much hassle.. not worth the time.

    [Reply]

  22. NoktahHitam wrote on Jun 17, 2008 at 9:50 pm

    still have it 😯

    It was bday gift. Kenang2 la.

    [Reply]

  23. wong wrote on Jun 18, 2008 at 12:37 am

    KK! Investing now, interesting idea πŸ˜†

    [Reply]

  24. suituapui wrote on Jun 18, 2008 at 1:38 pm

    NH suspected gay too? And who on ur blogroll tot u gay, bongkersz??? Eeee….u two got date before you left KL kan? Got that Pearl Jam song or not? Hahahahahahahaha!!!!!!!

    [Reply]

  25. bongkersz wrote on Jun 18, 2008 at 2:01 pm

    what we two got date πŸ˜€ we had a threesome date. me, cibol and NH. wait, his friends were there too. we were so feeling so gay.. watching football match.. a very gay game.

    [Reply]

  26. suituapui wrote on Jun 18, 2008 at 3:24 pm

    Gee! An orgy!!! πŸ˜† πŸ˜† πŸ˜†

    [Reply]

  27. bongkersz wrote on Jun 18, 2008 at 4:04 pm

    Formerly Phileo Allied, Pos Malaysia & Services Holdings’ evolution from financial to postal services started after the company sold its banking assets to Maybank and acquired Pos Malaysia for RM800 million in Aug 2001. The company is 29.5% owned by the Minister of Finance Inc and Bank Simpanan Nasional, via Aroma Teraju and Avenue Capital Resources.

    # 15 August 2001

    # Acquisition of Pos Malaysia Berhad
    The Company acquired the entire equity interest in Pos Malaysia Berhad, the national postal service provider comprising of 98,232,002 shares from MOF Inc. for a purchase consideration of RM800 million.

    19 April 2002

    # Disposal of subsidiary companies
    The Company completed the disposal of Phileo Asset Management Sdn Bhd, PhileoAllied Options and Financial Futures Sdn Bhd and PhileoAllied Unit Trust Management Bhd in exchange for 23 million new ordinary shares in Avenue Assets Berhad.

    24 June 2002

    # The Birth of PSH
    Following the acquisition of Pos Malaysia Berhad (“PMB”), the Company assumed its present name Pos Malaysia & Services Holdings Berhad. With the acquisition of PMB, the Company will continue to reinvent itself beyond the traditional areas of postal services to become a demand and supply chain fulfillment company. The shift to a new paradigm is prompted by the Company’s VISION statement.

    As of two years ago, pre-merger with ECM Libra, Avenue Capital Resources Bhd.(ACRB) owns 15.6% of Pos Malaysia Services Holdings Bhd. When the merger was successfully announced August 2006, which received approval of all the authorities (despite the attention drawn to the highly dodgy deal of ECM Libra merging with a much bigger firm and eventually took control), it was still believed that presently, ECM Libra still has the strategic 15.6% holdings of Pos Malaysia Services Holdings Bhd.

    Avenue Assets Berhad = Avenue Capital Resources Bhd

    11. Changes in the Composition of the Group (ECM Libra Avenue)

    (a) ACRB Reorganisation

    (i) On 16 June 2006, the Company completed the ACRB Reorganisation wherein the
    Company became the new holding company of ACRB Group. The Company also
    assumed the listing status of ACRB on the Main Board of Bursa Securities on 28
    June 2006;

    (ii) On 16 June 2006, Pos Malaysia & Services Holdings Bhd (β€œPSH”) ceased to be an
    associate of the Company pursuant to the distribution of assets in specie
    comprising all the shares held by the Company in PSH
    ;

    Conclusion : Avenue Capital Resources Berhad (formerly known as Avenue Assets Berhad), used to be a substantial shareholder of Pos Malaysia & Services Holdings Berhad. After the restructuring exercise (ECM Libra merged with ACRB in 2006) the shares (78.5 million shares) in Pos Malaysia were distributed back to shareholders. As of two years ago, pre-merger with ECM Libra, Avenue Capital Resources Bhd.(ACRB) owns 15.6% of Pos Malaysia Services Holdings Bhd. When the merger was successfully announced August 2006, which received approval of all the authorities (despite the attention drawn to the highly dodgy deal of ECM Libra merging with a much bigger firm and eventually took control), it was still believed that presently, ECM Libra still has the strategic 15.6% holdings of Pos Malaysia Services Holdings Bhd.

    [Reply]

  28. laling wrote on Jun 19, 2008 at 10:15 pm

    Hi Bongkersz πŸ˜€

    Interesting post you make here and I believe if Paklah still person in charge about another 20years after that handing over to Khairy as his successor this 67% ROI is very good way to make money from “Geran Kereta”

    Other wise I’m so worried after buying unused 4 car and hope to make money from that opportunity suddenly the policy change! habihlah duit LOL.

    However I like this kind of gamble! :XO:
    “Paklah jatuh, abihlah rugi, paklah terus memerintah pakcik kayo” :up:

    [Reply]

  29. bongkersz wrote on Jun 19, 2008 at 11:35 pm

    hey laling! :XO:

    yeah… if the policy is to stay then this 67% ROI is a damn good opportunity πŸ˜› but, since Pak Lah is well known for his flip flops.. it’s very risky lol~! what with the ‘predictions’ that he will come down end of this year πŸ™‚ anyway with 67% ROI, you just need him to be there for another 1-2 years πŸ˜€ or at least his successor maintain the policy hahahaha! (tough luck…) just stay with your current business πŸ˜› πŸ˜›

    you love this kind of gamble heh? get rich or die tryin’ :up: hahaha!

    [Reply]

  30. laling wrote on Jun 20, 2008 at 12:19 am

    Wow..Bongkersz I love your tremendous lightning replied..Good attitude you are.. πŸ˜€

    Alright then what this gamble look interesting πŸ˜› when I see how funny the deputy act and the follower response on Dato’ Yong Tec Lee case.Every one know what!!! this country currently lead by !@@#$%^ leader..grrrr.. ❗ ❗

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  31. bongkersz wrote on Jun 20, 2008 at 12:32 am

    kebetulan i was around.. reading blogs πŸ˜›

    yong teck lee? opportunist.. apa undi tak percaya..no confidence but still in BN? go out lah πŸ˜› anyway, most politicians are opportunists.. so he plays his cards well. like he said, they must make a stand before the window of opportunity close. then again, now pak lah has the best chance to gather malays under umno and play the racist card card. it is okay if for malays to betray malays, but ‘betrayed’ by chinese? penderhaka! we must stay together and fight them πŸ˜† πŸ˜† just watch and see if any mulut gatal umno youth members come up with some statements in few more days.. ➑ pak lah and umno should thank yong teck lee really. πŸ˜€

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  32. jadie wrote on Jun 20, 2008 at 10:46 pm

    been busy here and there..i still drop by occasionally to read this blog and all those arguments..its interesting..the factual, the numbers…keeps d mind alive..jack of many trades?interesting…however there must be a core trade rite?

    [Reply]

  33. jadie wrote on Jun 20, 2008 at 10:49 pm

    so..whom u hang out with is basically the source of all those comments?interesting..because it almost sound like u r actually part of those world..

    [Reply]

  34. bongkersz wrote on Jun 20, 2008 at 10:54 pm

    thanks for dropping by πŸ˜† keeps d mind alive? you afraid of getting senile? πŸ˜›

    hmm, noktahhitam is a web designer. that’s what he told me. ➑

    ps: how you found my blog actually, if you don’t mind me asking? πŸ™‚

    [Reply]

  35. jadie wrote on Jun 21, 2008 at 9:00 am

    senile? still long years towards that..plus active reading is said to help prevent that..
    you are asking opinion on which aspect? i’m not so into layout..so no comments there.content wise..like i said before..makes quite interesting reading given tht it’s written by an engineer..wheather u penned it urself or quoted it frm somewhere..i’ll still give it a thumb-up..

    [Reply]

  36. bongkersz wrote on Jun 22, 2008 at 4:03 pm

    er.. i was asking how you found my blog.. not ‘how do you find this blog’ haha! nevermind. thanks for the feedback anyway :up: appreciate it πŸ™‚

    [Reply]

  37. LinZi wrote on Jan 7, 2010 at 7:45 pm

    Keep up the nice work! Look forward to reading more from you in the future. I think it will be also nice if you add “send to email” tool so people can forward the articles to their friends easily.

    [Reply]

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