mohd fariz

Part time economist, part time mountain biker

[Nungsari A Radhi @nungsari]

Ada orang nak perjuangkan syarikat buat jualan tahunan RM11bil dan untung RM2bil lebih pasal kena bayar gaji minimum lebih RM300/bulan

[Rabbi Jeff @RabbiJeffx]

THIS IS UNBELIEVABLE 🤡

The Israeli delegation at the UN freaked out over drawings children made for world peace and Palestine, demanding they be removed and calling them antisemitic.

[Juan D.Gallo Gallardo 🇵🇸 @otrevlanauh]

Shalom, malditos miserables sionistas. Ya el mundo sabe la clase de escoria que es Israel.
Soldados del IDF graban en video cómo disparan contra un padre palestino que intenta salvar a su hijo.

[Furkan Gözükara @FurkanGozukara]

Malaysia's Foreign Minister Mohamad Hasan at the UN General Assembly:

"We have pushed for punitive actions towards Israel... And yet, again and again, Mr. President, the collective will of this Assembly has encountered the silencing effect of the veto... We are sick of it."

[Bitcoin Malaya @bitcoinmalaya]

US debt over $40 TRILLION

they don’t pay it off, and they can't. They just refinance, rolling it forward

as long as the dollar is accepted, this looks fine.

when it isn’t, the whole system feels it

fiat is a promise, $40T is a hell lot of promises

[Frank Curzio @FrankCurzio]

Elon Musk is telling you to buy robotics stocks.

"There will be at least a billion robots in 10 years, each producing at least 5x the output of a human"

Morgan Stanley says robots are a $5 TRILLION market by 2050.

Here are 7 stocks positioned to benefit:👇

[The Kobeissi Letter @KobeissiLetter]

BREAKING: Japan's 10Y Bond Yield officially rises above 3.00% for the first time since 1996.

The move comes just hours after reports that US Treasury Secretary Bessent told Japanese officials that rate hikes are needed.

We are witnessing history and most people don't even realize it.

[Mohamed A. El-Erian @elerianm]

Good morning.
The yield watch continues as the 10-year US Treasury tops 4.80% and the 30-year approaches 5.30%.
The higher and longer yields persist, the more markets will be inclined to worry about interest rate risk turning into credit risk.
(Bloomberg charts below.)
#economy #markets #bonds #yields

[Olivier Crottaz CEFA @crofin67]

COPPER

In 2050, annual copper demand forecast to be greater than all copper consumed from 1900 - 2022

Global Refined Copper Consumption 1900-2022

[Mr.Nazril @Nazril_Iznil]

𝗣𝗡, 𝗨𝗠𝗡𝗢 𝗴𝗲𝘀𝗮 𝘁𝘂𝗯𝘂𝗵 𝗥𝗖𝗜 𝘀𝗶𝗮𝘀𝗮𝘁 𝘀𝗲𝗺𝘂𝗹𝗮 𝗧𝗛

Kerajaan PN UMNO tubuhkan RCI
Kerajaan PN UMNO lantik anggota RCI
Kerajaan PN UMNO siasat hingga selesai RCI
Kerajaan PN UMNO tidak dedahkan RCI
Kerajaan Madani dedahkan RCI
PN UMNO tak puashati dengan RCI

Macam ni punya perangai pun ada

[khalid karim STEMKITA @khalidkarim]

Malaysia should guarantee every citizen aged 75 and above RM500 a month for life.

About 850,000 of our oldest Malaysians would receive it.
Cost: RM5.1 billion a year.
That's only around 1.3% of the Federal Government's operating budget.

At 75, most Malaysians are no longer earning a salary. For many, their EPF savings are already severely depleted.

RM500 isn't enough to make anyone rich.
But it can pay for groceries, electricity, medicines and the small necessities of everyday life ; without having to ask their children for every ringgit.

And make it universal.

No means test.
No application.
No proving you're poor.

Turn 75, and Malaysia guarantees you RM500 every month.
Because a country should not allow someone who has worked for 40 or 50 years to reach the final years of life with zero income.

For RM5.1 billion a year, we can give 850,000 elderly Malaysians something extraordinarily important:
A minimum income. And a little dignity in old age.

[Rafizi Ramli @rafiziramli]

Ada bertanya tentang penjelasan terbaru kononnya audit JAN (Jabatan Audit Negara) yg guna Realisable Asset Value (RAV) dan PwC (marked to market).

Kata mereka dua2 betul, jadi audit PwC itu saja2 dibuat untuk burukkan TH. Sebenarnya TH tak rugi pun.

Berikut beberapa ilmu perakaunan & pelaporan kewangan yg saya belajar sebagai seorang akauntan bertauliah dengan Institute of Chartered Accountants in England & Wales (ICAEW).

1. Standard akan dikemaskini dari semasa ke semasa (FRS etc) tetapi mengikut beberapa hukum kewangan yang tak berubah

2. Hukum kewangan ni macam rukun akaun la, membantu kita menentukan sesuatu yang rumit

3. Satu rukun - substance over form. Maknanya sesuatu transaksi itu mesti dilaporkan mengikut hakikat sebenar, bukan yang diklasifikasikan. Kalau transaksi itu bermakna ia adalah hutang, walaupun dipanggil walaupun dipanggil preference shares, mesti dilaporkan sebagai hutang.

4. Jadi kena tengok sifat transaksi itu - ada bayar recurring coupons yg tidak bergantung kepada prestasi kewangan ke tidak? Ada fixed terms kena redeem ke tidak?

5. Satu lagi rukun yg sangat penting - prudence. Maknanya setiap pelaporan kewangan itu mesti menunjukkan nilai yang paling realistik dengan apa yang akan dibayar bila aset dicairkan. Selalunya nilai itu lebih rendah daripada apa yang kita nak atau kita rasa.

6. Rukun prudence ini penting supaya entiti perniagaan tidak leka dengan nilai yang mereka sendiri letakkan tinggi, sebenarnya ia tidak begitu bernilai di pasaran.

Dalam kes TH, bila ada yang cuba berhujah mengenai RAV lawan marked to market, sangat jelas bahawa RAV ini bertentangan dengan rukun prudence dan rukun substance over form.

Substance over form - kita boleh bergaduh konon untung atas kertas >RM3b dan bukan rugi RM1b sebab kita pakai RAV.

Tetapi bila nak bayar hibah, bila kena guna duit pendeposit (terutamanya pendeposit baru), itu dah jadi rolling duit pendeposit.

Maknanya substance dah bertukar - hibah itu bukan dari keuntungan, ia dari pendeposit sebab rolling.

Prudence - sangatlah jelas kaedah RAV ini inflate aset2 TH yang nilainya jauh lebih rendah dari apa yg boleh diperolehi dari pasaran.

Bukti dah ada - dah 8 tahun aset TH dipindahkan kpd UJSB untuk dipulihkan, tak dapat pulih sampai hutang UJSB kpd TH kena rolling 10 tahun lagi.

Kita mungkin ada pandangan politik masing-masing, tetapi bagi mereka yang dilatih sebagai professional kewangan dan yg bersumpah akan menjadi seorang akauntan bertauliah yg jujur, benda TH ni sudah cukup jelas.

Lebih baik tumpu macam mana nak selesaikan masalah hutang rakyat akibat kena bail out TH.

[Lukas Ekwueme @ekwufinance]

The Iran war is threatening the core of the US empire... the Treasury market.

Foreign official UST holdings have fallen by $233B in just 4 months... Led by Japan and China.

Japan's UST holdings alone fell by $123B over the same period... That's more than 50% of the total decline in foreign official holdings.

No wonder Bessent wants to print money to prevent further UST selling.

The longer Hormuz stays closed -> the more countries will dump USTs -> the more desperate Bessent will have to get to stop them.

[Financial Times @FT]

Breaking news: The US’s national debt has hit a record $40tn as borrowing rises at a historic pace, fuelling investor concerns about the state of America’s public finances despite Donald Trump’s vow to bring spending under control. https://t.co/JJIO7lHZc7

[Muhammad Mazen @mhmd_s09]

One of the most brutal scenes in human history has been exposed.

This video shows three young men trying to help an injured person, but Israel bombs them with a missile, killing them all.

A moment the world must never forget.

[Steve Hanke @steve_hanke]

Bye-bye, petrodollar.
https://t.co/oVOkOM7Wur

[mohd fariz @mhdfrz]

@khalidkarim Agree with your points but I wouldn’t go as far as “disastrous” if the next government is headed by BN. Even the current madani government still has BN influence

[Patricia Marins @pati_marins64]

Iran: Low-Cost Missile Development and Production

In recent years, Iran has moved to fully domestic missile manufacturing at extremely low unit costs.

One example is the Kheibar Shekan, a ballistic missile that costs around US$1 million per unit. This figure is possible because the entire production chain is state-controlled, reverse-engineered technologies have been simplified, and local labor is cheap.

Managed directly by the IRGC, the production line eliminates the profit margins of large private defense corporations that drive Western weapons costs sky-high.

For a medium-range missile with terminal maneuverability and solid fuel, this is an extremely low price.
Western industries in the US and Israel simply cannot compete with this model.

Their development depends on private suppliers with high profit margins. Iran centralizes all fabrication in state-controlled industrial complexes and underground bases. The program was built and refined through reverse engineering, without the billion-dollar upfront R&D costs of original development.

The entire cycle runs at low cost.

The Kheibar Shekan is a third-generation solid-fuel missile. Solid motors are cheaper to mass-produce and require far less storage maintenance than liquid-fuel systems. Iran has also shifted to lighter, lower-cost composite materials in the airframe, cutting structural weight without expensive metal alloys.

Another key feature of Iranian missiles is the electronics approach. Western missiles rely on military-certified microchips that cost thousands of dollars each.

Iran has specialized in circumventing sanctions by adapting dual-use civilian electronics and commercial navigation sensors that deliver acceptable guidance accuracy at a fraction of the price.

The estimated US$1 million unit cost creates a severe asymmetry against the interceptors used to stop it. A Patriot interceptor runs US$4–6 million; a THAAD interceptor is in the US$12–15 million range per shot.

And the Kheibar Shekan is only one of these cheap missiles. The solid-fuel Zolfaghar, with a range of about 700 km, costs under US$300,000; The liquid-fuel EMAD, with a range over 1,500 km and high accuracy, was estimated by JINSA at approximately US$250,000 per unit on mass-assembly lines.

Even if the real cost reaches $500,000 or higher, it remains a fraction of the interceptors needed to try to shoot it down.
The Shahab-3, the traditional backbone of Iran’s medium-range force, has modern variants costing between US$1 million and US$3 million.
That is only slightly below the claimed hypersonic Fattah-1, estimated at US$2–3 million.

Read more:
https://t.co/sJ0xIwQyfT

[Syahir @syahir]

baca apa Jabatan Audit Negara punya dapatan dalam Laporan Ketua Audit Negara 2015 berkaitan penganjuran F1, penjualan tiket, penonton antarabangsa dan konsert

[Ekonomi Rakyat @EkonomiRakyatMY]

Harga Rumah Di Malaysia Naik Lebih Cepat Berbanding Gaji Pekerja

Harga rumah di Malaysia meningkat lebih pantas berbanding gaji pekerja sepanjang tempoh 2010 hingga 2024.