vrp

The talent acquisition department at JT Global has done a fine job.

We have experienced a similar situation once, with a not-so-tailor tailor, more like a shopkeeper. It was a suit fitting for a friend, I was present. Shopkeeper was doing the fitting and he said this fitting is "special", we didn't understand that, just shrugged it off. Then, right before we left, I realized the fabric is different from what was selected initially (ever so slightly, different pattern, same color), so I asked my friend if he had changed it, he replied no. It was only then the shopkeeper admits that there was a mistake, the person who put the suit together use the selected fabric for the front of the suit, and then use a different (wrong) fabric for the back. We don't know if they use 2 patterns or 1, but still, we were surprised to find out what a mistake it was! Come to think of it, I can't but wonder, there must be another guy out there with our fabric used on the back of their suit, haha. Didn't commission them for any other suit thereafter.

Apart from back office, management, and some sectors of service providers (those that work predominantly in an office with a laptop), this is simply not possible. I suppose the WFH bunch are only a potion of the workforce. By definition, to produce/work, people need to be at production facilities and work with tools (could be other humans). Unless their 'home' is the production facility (sole contributor, freelancer, etc.), this is simply not achievable. Which is why factories and construction sites and law enforcement and etc. cannot shutdown. It is simply not doable. Still, accounting, legal, customer service, IT, etc. these can WFH, to a certain extend, but as you can tell they produce services mostly, not goods. I might also add that they stand on top of the foundation of physical goods production, not unlike the dependence of carnivore on herbivore. We are already seeing physical retail stores in malls packed up and left, ignoring rental contracts. Even F&B outlets are impacted (especially cafes), it seems takeout orders are simply not enough to cover. They either sell the business, or simply liquidate the assets and close down. Guess what happens to the accountants of these businesses? Given the lower amount of traffic and economic activities, demand decreases so will production (as per your mention), but there is always a delay between production and consumption. We all know that Q420 is gonna get another hit if the Order gets an extension. It is just deflationary and detrimental. Hopefully this doesn't go beyond the point of no return. Apparently the fear of an entity can cause much havoc than the entity itself. *** By the way, beautiful music that. The former.

🤣 `Chicken` such apt adjective! Unfortunately we have cultivated a generation of snowflakes.

woah~ top glove 🔥 any suits involved?

I need to starve like you do man

not too large for you? whats the face diameter?

hmm.. the sculpture, made out of rocks?

Make it three piece. Someone has to keep the economy going~ XD

The first package was announced by Tun M when he was interim PM. The one which includes BNM's SRF and reduction of employee's EPF contribution to 7%, and other stuffs. This is already a second package, which adds on top of the first. What I am seeing is, they have problems raising funds. There are 2 ways: Debt/deficit spending. In such emergency situation, the government can do a "spend first ask later" budget, but in the end it has to be tabled in the parliament, likely in the form of a supplementary budget. However, it seems this government is reluctant to do so. GLCs. But then again, they have their own problems right now, lots of mouths to feed. Or state owned investment vehicles/funds, if any (not sure if any of them sit on a large sums of cash). Therefore, I think they are between a rock and a hard place. One thing is for sure, this is turning into a global recession, and governments around the world are trying their best to prevent it from going into a depression. Deflation is extremely ugly.

Correct me if I am wrong, but I believe even that direct handout of MYR 25 billion is mostly funded by deficit. We have oil reserves, but not national reserve fund. Oh, by the way, the Special Relief Fund which is backed by BNM, was already set up and announced by the interim PM on the end of February. All they did during this 250 billion announcement was just increasing the cap and reducing the interest rates. Feels like they are on a vacation mood too. It feels somewhat touch and go, like "nah, we also got aid package". All of the "aid" for businesses are to delay payments. ALL not some. 100 cents on the dollar. Its more like a policy than an aid/stimulus. The best part is, the banks get free profits, guaranteed by BNM. Now, that looks more like an aid.

Classic 10% down. Saving the country the right way, The leveraged way.

I can already picture how it turns out to be, marvelous!

Does it cut first or sew first?

*grabs popcorn*