Inflation vs Young Generation's quality of life

Introduction to Inflation
Definition of Inflation rate (consumer prices): This entry furnishes the annual percent change in consumer prices compared with the previous year's consumer prices.


What happen to young engineers nowadays?
Basic Salary @XXXXX MNC Penang (actual )
2005 - Engineer basic monthly Salary (Bayan Lepas, Penang) - RM2,500.00 (permanent employee)
2006 - Engineer basic monthly Salary (Bayan Lepas, Penang) - RM2,500.00 (permanent employee)
2007 - Engineer basic monthly Salary (Bayan Lepas, Penang) - RM2,500.00 (permanent employee)
2008 - Engineer basic monthly Salary (Bayan Lepas, Penang) - RM2,500.00 (contract - 1 year)
2009 - Engineer basic monthly Salary (Bayan Lepas, Penang) - RM2,500.00 (contract - 1 year)
2010 - Engineer basic monthly Salary (Bayan Lepas, Penang) - RM2,500.00 (contract - 1 year)
2011 - Engineer basic monthly Salary (Bayan Lepas, Penang) - RM2,800.00 (contract - 1 year)

2005-2011 - 12% increase in wage....

 The "OK" company should give at least 5% increment on basic:-
2005 - RM2,500
2006 - RM2,625
2007 - RM2,756
2008 - RM2,894
2009 - RM3,038
2010 - RM3,190
2011 - RM3,350

 Food Price @Penang.
2005 - Hokkien Mee RM2.00-RM2.20
2011 - Hokkien Mee RM2.80-RM3.50

Food price inflation is around ~40%


House price @Penang.
- The house price (inflation + speculation) ~8-12% increase.
 Within 3 years, Penang Condo price move up 50% ...

Conclusion:-
So, are you underpaid?
If you can get salary increment by 8% every year, you can beat inflation but can't be rich.

Oil & Gas Big Brother vs Technology Big Brother

Please see the chart carefully.
Agilent vs Altera vs Exxon Mobil

 Why you waste so much times to pick the best technology company stock? Forget it, buy Exxon Mobil, sure WIN

Singapore : Insurance Depositor Protection and Policy Owner Schemes

April 12, 2011
Singapore is in the first stage of enhancing its insurance depositor protection and policy owner schemes, following a review of exisiting legislation in the wake of the financial crisis. In its Deposit Insurance and Policy Owner's Protection Schemes Bill 2011, which had its second parliamentary reading today(11 April), the Monetary Authority of Singapore is proposing a number of measures which will strengthen and clarify the propection consumers will receive when purchasing an insurance contract.

Galaxy Macau @15 May 2011

Galaxy Macau™ to open on 15 May 2011

Eagerly awaited destination resort projected to be a major attraction for millions of Macau visitors every year
(MACAU & HONG KONG, 10 March 2011) – Galaxy Entertainment Group (“GEG”, or “the Group” – HKEx stock code: 00027) today announced that Galaxy Macau, the newest and most eagerly anticipated integrated destination resort in the Cotai entertainment area, will open on 15 May, starting the countdown toward Macau’s biggest opening for 2011.
Dr. Lui Che Woo, Founder and Chairman, Galaxy Entertainment Group, said, “The Macau SAR Government’s stated goal, in accordance with the 12th Five-Year Plan, is to build for its economic future by diversifying its leisure and tourism industry. We believe Galaxy Macau will lead this development by offering what has been missing so far from the local integrated property market.
“From the beginning, our vision has been to develop and operate a resort that delivers both international-caliber standards but also captures the heartfelt service culture and unique flavor of Asia – something we call ‘World Class, Asian Heart’. This is especially critical for success in a market where Asian travelers are so dominant. In this way, we can make guests from around the region feel right at home, whilst at the same time provide an authentic Asian resort experience for visitors from around the world as well.”
Over 97% of Macau’s almost 25 million visitors in 2010 were from Asia, according to Macau Government Tourist Office statistics. Visitors from mainland China and Hong Kong, which are considered the primary feeder markets in the immediate term, together totaled 22 million or 81% in 2010.
“Today, we are very excited that we can now begin counting down to Galaxy Macau’s official opening on 15 May, after years of inspired creation and hard work backed with a firm conviction that a project rooted in Asian ideals and delivered by Asian people could achieve the highest international standards,” said Mr. Francis Lui, Vice Chairman, Galaxy Entertainment Group during a day of media events held for Hong Kong and Macau journalists. “This announcement wouldn’t be possible without the contributions of so many people, especially our talented and dedicated staff and our esteemed partners. We’re all very excited to open our doors to Macau and the world and show everyone what the ‘World Class, Asian Heart’ of Galaxy Macau is all about.”
Accommodation at Galaxy Macau will be provided by three iconic Asian hotel brands: It will include the 250 suites and 10 floating villas of the Banyan Tree Macau; the 500-room Hotel Okura Macau; and the 1,500-room Galaxy Hotel, which will become GEG’s flagship Cotai hotel. The three hotels will be available to guests on the opening day. Galaxy Macau also marks the entry into the Macau market for both the Singapore-based Banyan Tree Hotels and Resorts and Okura Hotels & Resorts Worldwide, Japan’s most prominent hotel company.
Banyan Tree also brings with it the first Banyan Tree Spa in the Pearl River Delta. At 2,800 square meters, the Banyan Tree Spa Macau – the biggest in the Banyan Tree group – will include 21 treatment rooms as well as a private spa floor for its hotel guests.
At a total investment of HK$14.9 billion, the 550,000-square-meter Galaxy Macau is the first truly integrated resort property of its kind because it is the only one in Macau with real resort features. Most prominent of these is the property’s spectacular 52,000-square-meter Grand Resort Deck, where a 350-ton white sand beach frames the 4,000-square-meter Skytop Wave Pool – the world’s largest of its kind – generating waves that will reach as high as 1.5 meters. Several pools, tropical and Japanese gardens, a traditional Japanese tea pavilion and private cabanas will dot the Grand Resort Deck area, making it perfect for private and corporate functions.
Upon opening Galaxy Macau will feature more than 50 international dining outlets. True to its focus on providing an authentic Asian resort experience, more than half of them will serve Asian cuisines, making it the widest such selection in Macau under one roof. The selection makes it possible for visitors to eat at Galaxy Macau once a week for a year and never eat at the same restaurant twice.
Rounding out Galaxy Macau’s resort offering will be extensive in-house entertainment across multiple live stages and clubs including the ultra-exclusive China Rouge, a hybrid private membership club, performance theatre, bar and restaurant conceptualized by renowned Hong Kong designer Alan Chan to evoke a modern vision of 1930s Shanghai. It is anticipated that China Rouge will instantly become one of the trendiest nightspots in Macau, drawing discerning clientele from around the region. Of particular note, Galaxy Macau is proud to announce its plans for a 9-screen, 3D, multi-function cinema theatre to follow later this year. Open to Galaxy Macau guests and the local community, the theatre will be state-of-the-art and the first of its kind in Macau. The property will also feature a retail boulevard offering a unique shopping experience of Asian as well as international brands.